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Vineyard Wind Affirms Commitment to Deliver Offshore Wind Farm but with Revised Schedule

Power News - Published on Wed, 14 Aug 2019

Image Source: Vineyard
Vineyard Wind announced that company shareholders have affirmed a commitment to deliver a proposed 800 MW wind farm off the coast of Massachusetts, albeit with a delayed project schedule. This decision follows the August 9th determination by the United States Department of the Interior to significantly delay publication of the Vineyard Wind 1 project’s Final Environmental Impact Statement and to instead undertake a supplemental draft Environmental Impact Statement process.

Mr Lars Pedersen, CEO of Vineyard Wind said that “We are very proud of the Vineyard Wind team’s achievements so far and we are disappointed not to deliver the project on the timeline we had anticipated. We were less than four months away from launching a new industry in the United States, so we thank the more than 50 US companies already awarded a contract or currently bidding on contracts, the financial institutions engaged in raising more than USD 2 billion in capital, and the first-class, global contractors that have joined us in planning for the first large-scale offshore wind farm in America. We remain committed to delivering that ambitious target and would like to thank Governor Baker, the Massachusetts legislature and our bipartisan backers in Congress led by the Bay State delegation for their collective support and courage in driving this industry forward.”

Mr Erich Stephens, Chief Development Officer said that “We appreciate all the support and hard work from our community partners, from the Vineyard to Barnstable, to New Bedford, to the labor unions and environmental groups. We want to assure each of them that we remain committed to moving this project forward as quickly as circumstances allow, and realizing the many benefits that were so close at hand before federal regulators announced their decision.”

Publication of the FEIS was one of the final steps for Vineyard Wind 1 in the federal permitting process, representing an important milestone to cap a comprehensive public and regulatory review process that began in 2017, and had since been targeted for completion by August 16th. The review process has encompassed evaluation by more than 25 federal, state, and local regulatory agencies and commissions.

Vineyard Wind has not yet received any documentation as to the requirements for the expanded analysis that BOEM indicated in a public statement issued on August 9th. However, it is clear that the timing of such an analysis is not compatible with the original timeline that has been communicated to Vineyard Wind since March 2018, which Vineyard Wind used to build its delivery schedule. With this development, the shareholders must revise the project as the original timeline is no longer feasible.

Source :

Posted By : Ratan Singh on Wed, 14 Aug 2019
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