Statement on Record Setting Wind Development Area Auction
FOR IMMEDIATE RELEASE
(New Bedford, MA; December 14th, 2018) – Vineyard Wind today released the following statement regarding the US Bureau of Offshore Energy Management (BOEM) auction of three wind development lease areas located off the coast of Massachusetts.
“Vineyard Wind is excited to expand our offshore wind presence in the waters offshore New England. We are grateful to BOEM for working for many years with stakeholders – including the fishing industry, environmentalists, wildlife experts, and local communities – who helped identify this wind lease area as an appropriate location to generate clean energy. Vineyard Wind is committed to continue working with all of these stakeholders, BOEM, and the states in continuing to build a new industry for the region and making substantial contributions to fighting climate change. This new project lease area will allow us to grow our existing local partnerships, as we continue to apply a community-oriented development approach to our activities.”
About Avangrid Renewables
About Avangrid Renewables:: Avangrid Renewables, LLC is a subsidiary of AVANGRID, Inc. and part of the IBERDROLA Group. It is a leading renewable energy company in the United States, owning and operating a portfolio of renewable energy generation facilities primarily using wind power. IBERDROLA, S.A., is an energy pioneer with the largest renewable asset base of any company in the world. Avangrid Renewables is headquartered in Portland, Oregon. For more information, visit www.avangridren.com.
About Copenhagen Infrastructure Partners
Copenhagen Infrastructure Partners P/S (CIP) is a fund management company focused on energy infrastructure. CIP and its projects have offices in Copenhagen, the UK, the US, Germany, and Taiwan. CIP focuses on investments in regulated and long term contracted energy infrastructure. This includes offshore wind, onshore wind, solar PV, biomass and waste-to-energy, transmission and distribution, and other energy assets like reserve capacity and storage.
CIP manages four funds and has approximately $8.2 billion under management. Copenhagen Infrastructure I K/S (CI I), CI Artemis K/S (CI A), and Copenhagen Infrastructure II K/S (CI II) combined have capital commitments of $4 billion and are fully invested. CI I and CI A have PensionDanmark as founding and sole investor, while CI II has 19 Danish and international institutional investors. CI III had a final close in March 2018 with $4.2 billion in capital commitments from 42 investors comprised of institutional investors from the Nordics, Continental Europe, Israel, the UK, Australia, Asia, and multi-lateral organisations such as the European Investment Bank. For more information visit www.cipartners.dk
About Vineyard Wind
Vineyard Wind LLC is an offshore wind development company seeking to build the first large-scale offshore wind energy project in the US, to be located 15 miles south of Martha’s Vineyard. Vineyard Wind, based in New Bedford, Massachusetts, is 50 percent owned by funds of Copenhagen Infrastructure Partners (CIP) and 50 percent by Avangrid Renewables. For more information, visit www.vineyardwind.com.
Vineyard Wind Press Contact: Scott Farmelant, 617-939-6582, email@example.com