This selection is a key step in implementation of the Commonwealth’s nation-leading Section 83C offshore wind development procurement process.Mayflower Wind anticipates the project, located more than 20 miles south of Nantucketwith expected start-up in 2025 will provide the following economic benefits:
•Long term prices below the original price cap of $84.23/MWh
•$3.7billion in electricity ratereductionover the term of the contract
•Creation of up to10,000 jobs in Massachusetts including both offshore jobs and onshore opportunities
•Elimination of 1.7 million metric tons CO2 emissions annually from clean energy produced once in operation, the equivalent of taking 350 thousand cars off the road
“Mayflower Wind is proud to have been selected to provide low cost renewableenergy to Massachusetts,” said Mayflower Wind President John Hartnett. He added, “Development of the Mayflower Wind project will contribute to the building of an offshore supply chain on the SouthCoast and across the Commonwealth, helping to launch a new clean, safe and innovative sector of our economy. We look forward to working with all of our stakeholders to ensure a safe and successful project. ”Mayflower Wind also has provided the same competitive pricing solution to Connecticut under their currentprocurement process for offshore wind, matching the objective of securing low cost renewable energy articulated in theState’s energy plan.
Mayflower Wind brings deep experience and skills of its parentcompanies, Shell and EDP Renewables, to Massachusetts. Theseinclude successfully developing, permitting, financing, constructing and operating offshore and onshore wind projects and offshore production facilities. Mayflower Wind drawson the experience of its parent companies who have the combined strength of more than 18,000 U.S. employees, a supply chain of more than 5,000 U.S. companies of which more than 800 are small businesses or women-and minority-owned enterprises, $400 billion in market capitalization, experience operating 6,300 MW of onshore wind in the U.S. and ongoing development and construction of 2,700 MW of offshore wind projects in France, the Netherlands, Portugal and Scotland that areanticipated to be operational between now and 2023.This powerhouse combination gives Mayflower Wind the tools it needs to deliver projects in a safe, environmentally responsible and timely manner.
Companies: Mayflower Wind
Industries: Renewable Energy