Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Bay State Wind Receives First Offshore Wind Site Assessment Plan Approval in the United States

ES

Bay State Wind Receives First Offshore Wind Site Assessment Plan Approval in the United States

Bureau of Ocean Energy Management has approved the plan for Bay State Wind, a proposed utility-scale offshore wind farm south of Massachusetts

The Bureau of Ocean Energy Management (BOEM) has issued its first approval of an offshore wind Site Assessment Plan (SAP) to Bay State Wind, a utility-scale offshore wind project in Massachusetts located 15 nautical miles south of Martha’s Vineyard in the Atlantic Ocean.

Bay State Wind is a joint venture between DONG Energy – the global leader in offshore wind with 22 commercial-scale offshore wind projects around the world – and Eversource – the premier transmission builder in New England. The combined experience of both entities ensures the most economically beneficial plan for offshore wind development in Massachusetts.

“We are thrilled to be the first in the country to receive this approval from BOEM, and to be a part of this huge step forward for the offshore wind industry in the U.S.,” said Thomas Brostrøm, North America president of DONG Energy. “Bay State Wind will produce reliable clean energy for Massachusetts with scale that maximizes job creation, cost effectiveness and economic benefits for Massachusetts and local communities. We look forward to continued collaboration with BOEM as we work to make Massachusetts and the U.S. a hub for offshore wind.”

"This is a significant milestone for the project and an important step forward in helping Massachusetts meet its climate change goals," said Mike Ausere, vice president of Business Strategy at Eversource. "We're proud to partner with the global leader in offshore wind energy and appreciate the support of the Bureau of Ocean Energy Management in getting this important industry off the ground in the United States."

In August 2016, Massachusetts formally adopted a comprehensive energy bill that includes a first-of-its-kind mandate that state utilities purchase 1600 megawatts of offshore wind power. In June, Massachusetts utilities took their first step toward fulfilling the mandate with a request for proposals to build the state’s first project.

Bay State Wind will submit a proposal for the Massachusetts contracts, which will be awarded in 2018. DONG Energy will use its expertise in the offshore wind sector to continue to lead the development and construction of the project’s offshore generation and transmission assets, while Eversource will leverage its strong transmission expertise in New England to develop and construct the onshore transmission asset. The project could generate enough electricity to power one million Massachusetts homes and create hundreds of jobs throughout the life of the wind farm.

The BOEM approval paved the way for Bay State Wind’s next crucial step – deployment of the FLiDAR WindSentinel system off the coast of Martha’s Vineyard to measure wave and wind speeds in the project’s lease area. The system is currently deployed for two years, and includes a camera to broadcast images from the system as it collects data – viewable online 24 hours per day at: https://portal.axys-aps.com/platforms/P2012P/.

About DONG Energy

DONG Energy (NASDAQ OMX: DENERG) is one of Northern Europe's leading energy groups and is headquartered in Denmark. Around 6,200 ambitious employees develop, construct and operate offshore wind farms, generate heat and power from our power stations as well as supply and trade in energy to wholesale, business and residential customers. In addition, we produce oil and gas, and a process has been initiated to divest this business unit. The continuing part of the Group has approx 5,800 employees and generated revenue in 2016 of DKK 61 billion (EUR 8.2 billion). Read more on www.dongenergy.com . For further information, see www.dongenergy.com and follow us on twitter (@DONGEnergyUS) and (@BayStateWind.)

About Eversource

Eversource (NYSE: ES) transmits and delivers electricity and natural gas to more than 3.6 million electric and natural gas customers in Connecticut, Massachusetts and New Hampshire. Recognized as the top U.S. utility for its energy efficiency programs by the sustainability advocacy organization Ceres, Eversource harnesses the commitment of its approximately 8,000 employees across three states to build a single, united company around the mission of safely delivering reliable energy and superior customer service. For more information, please visit our website ( www.eversource.com ) and follow us on Twitter ( @EversourceCorp ) and Facebook ( facebook.com/EversourceEnergy ).

DONG Energy
Wind Power U.S. Inc.
Lauren Burm, 617-309-8730
laubu@dongenergy.com
or
Eversource
Caroline Pretyman, 617-424-2460
Caroline.Pretyman@eversource.com



Get the latest news and updates from Stockhouse on social media

Follow STOCKHOUSE Today