Vineyard Wind 1 is an offshore wind farm under construction in U.S. federal waters in the Atlantic Ocean in Bureau of Ocean Energy Management -designated Lease Area OCS-A 0520, about 13 nautical miles (24 km; 15 mi) south of Martha's Vineyard and Nantucket , Massachusetts. The array is designed to include 62 Haliade-X wind turbines manufactured by GE Offshore Wind with a nameplate capacity of 804 MW combined, equivalent to the annual power use of 400,000 homes. The Massachusetts Department of Public Utilities approved the project in 2019. Construction began on November 18, 2021. In October 2023, the first turbine was installed. Power from the first turbine started flowing into the ISO New England grid on January 2, 2024. Construction is expected to be complete by the end of 2024.
20-580: The separate Vineyard Wind 2 project in Lease Area OCS-A 0522 was awarded a contract with Massachsetts for 800 MW in September 2024. The project is jointly owned by Copenhagen Infrastructure Partners and Iberdrola , through a subsidiary of Avangrid Renewables . GE Offshore Wind (a subsidiary of GE Wind Energy based in Europe) is supplying the 62 turbines. Windar Renovables is building
40-503: A federal lawsuit several months later disputing the approval, and a group of Nantucket residents did so in January 2023. Solar competitor Allco Renewable Energy also filed suit. Construction proceeded despite the lawsuits. Electricity from the first turbines began flowing on January 2, 2024, with the final turbines expected to be installed by the end 2024. The developers have agreed to suspend construction during right whale activity in
60-916: A project pipeline of 120 GW. Founded in 2012, CIP today is the world’s largest dedicated fund manager within greenfield renewable energy investments and a global leader in offshore wind. The funds managed by CIP focus on investments in offshore- and onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity and storage, Power-to-X and advanced bioenergy. CIP manages eleven funds and has to date raised approximately EUR 25 billion for investments in energy and associated infrastructure from more than 150 international institutional investors. CIP has more than 500 employees and offices in Copenhagen, London, Hamburg, München, Utrecht, Luxembourg, Madrid, New York, Tokyo, Singapore, Seoul, and Melbourne. CIP focuses its on investments in greenfield energy infrastructure projects. By entering early,
80-464: A single fund to having approximately €25 billion in eleven funds for more than 150 Danish and international institutional investors. PensionDanmark (a Danish pension fund ) was a founding investor and remains is a major investor. Through its funds, CIP has wide range of investments in operation, construction and late-stage development. Examples are listed below: Ignitis Ignitis Group ( Ignitis grupė AB ; former name: Lietuvos Energija UAB )
100-497: A staging area for the project. DEME is handling some construction and installation logistics. The vessels used must comply with the Jones Act , so feeder barges transport components from port to site. Salem Harbor has also been developed as an offshore wind port in conjunction with the project. During construction a bubble curtain from Thayer Mahan, Inc. is being deployed. A final environmental impact statement (FEIS)
120-625: A stake in UAB Geoterma, the owner and operator of the Klaipėda Geothermal Demonstration Plant . In 2008, Lietuvos Energija was transferred to newly established energy holding company LEO LT . After dissolution of LEO LT in 2010, Lietuvos Energija became a subsidiary of UAB Visagino Atomine Elektrine, a state-owned project company of the Visaginas Nuclear Power Plant . At the same year,
140-517: A wind-turbine blade from the offshore wind farm broke apart on July 13, 2024 sending fiberglass shards into the Atlantic Ocean and onto the nearby coast. Copenhagen Infrastructure Partners Copenhagen Infrastructure Partners P/S (" CIP ") is a Danish investment firm specializing in infrastructure investments, particularly wind power . CIP is one of the world's largest dedicated renewables investment firms with €25 billion raised and
160-478: Is a state-owned energy holding company located in Vilnius , Lithuania . The Group’s core business is focused on operating Lithuania’s electricity distribution network (Networks) and managing and developing its Green Generation Portfolio (Green Generation). The Group also manages strategically important reserve capacities (Reserve Capacities) and provides services to its customers (Customers & Solutions), including
180-784: The Baltic Sea . On September 9, 2021, Ignitis Group acquired 100% of the capital of Ignitis Gamyba after delisting the later from Nasdaq Vilnius alongside Energijos skirstymo operatorius . Ignitis Gamyba (100% stake owned by Ignitis Group) owns the Elektrėnai Power Plant , the Kruonis Pumped Storage Plant and the Kaunas Hydroelectric Power Plant . Meanwhile, the Vilnius Combined Heat and Power Plant
200-814: The Vilnius Combined Heat and Power Plant (Vilnius Power Plant-3) from Vilniaus šilumos tinklai. In 2018, Lietuvos Energija bought Lithuanian wind park operators UAB Vejo Vatas and UAB Vejo Gusis with a 34-MW wind portfolio. It also acquired a 50-MW wind park project in Poland. On 5 September 2019, Lietuvos Energija was renamed Ignitis Group. Lietuvos Energijos Tiekimas, Energijos Tiekimas, Gilė and Litgas were merged to form Ignitis UAB. Lietuvos Energijos Gamyba became Ignitis Gamyba and Lietuvos Energija Renewables became Ignitis Renewables. Other subsidiaries, except Energijos Skirstymo Operatorius , were also renamed accordingly. In 2020, Ignitis Group implemented
220-474: The area, and University of New Hampshire monitors their sounds . The project is expected to both reduce greenhouse gas emissions and reduce electricity costs for Massachusetts consumers. The wind farm has secured 20-year contracts to sell the power it produces for a fixed 20-year price of $ 0.09/kWh and has agreed to provide a total of $ 15 million for a fund to provide battery storage in low-income communities. Six beaches on Nantucket, MA, were closed after
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#1732801725613240-515: The company acquired Lietuvos Elektrinė, another subsidiary of Visagino Atomine Elektrine. In September 2012, the transmission system operator Litgrid and the electricity market operator Baltpool were separated from Lietuvos Energija and spun off to the state-owned company EPSO-G. In 2013, Lietuvos Energija AB changed its name to Lietuvos Energijos Gamyba AB, and its parent company UAB Visagino Atominė Elektrinė has changed its name to Lietuvos Energija UAB. In October 2017, Lietuvos Energija acquired
260-679: The company get exclusive access to some of the most attractive investment opportunities. De-risking and structuring the projects creates an attractive risk-adjusted return for investors alongside a significant positive impact on the local society and environment. CIP has a market-leading portfolio of green energy projects, totalling approximately 120 GW, with a primary focus on offshore wind, onshore wind and solar PV, energy storage, Power-to-X, Waste-to-X, and other renewables. CIP aims raising €100 billion by 2030 to be invested in green energy investments. All CIP’s funds seek to invest in renewable energy infrastructure projects which can assist in transitioning
280-578: The foundations. Nexans Group & Prysmian Group is providing cabling. Two independent submarine power cables run from an offshore 220 kV transformer about 15 miles south of the southeast corner of Martha's Vineyard, to Covell's Beach in Centerville in Barnstable on Cape Cod about 34 miles (some 55 km) away. They feed into the 115 kV grid at Barnstable Switching Station owned by Eversource . The Port of New Bedford has been used as
300-451: The global economy into a net-zero emissions scenario by 2050. Recently, CIP announced its Fund V - the CI V. CI V will be CIP’s 11th fund and is set to become the world’s largest dedicated greenfield renewable energy fund In September-November 2022, Danish business daily "Berlingske Business" published a series of articles about the past, present and future of CIP. In 2023, Ignitis and CIP won
320-528: The initial public distribution of shares (English IPO), after which its shares were listed on the Nasdaq Vilnius stock exchange. The IPO raised 450€ million EUR capital while the state continues to control a 74.99% controlling share package. In 2023, Copenhagen Infrastructure Partners and Ignitis won the tender in an auction to develop offshore wind farms in the Liivi 1 and Liivi 2 areas for Estonia in
340-729: The supply of electricity and natural gas, solar, e-mobility, energy efficiency and innovative energy solutions for private and business customers. Ignitis Group shares are predominantly owned by the Ministry of Finance of the Republic of Lithuania , with the current Chairman of the Board and CEO of the company being Darius Maikštėnas. The initial public offering was made on 7 October 2020. Ignitis Group shares are listed in Nasdaq Vilnius and London Stock Exchange . Lietuvos Energija
360-418: The tender in an auction to develop offshore wind farms in the Liivi 1 and Liivi 2 areas for Estonia in the Baltic Sea . CIP aims for EUR 100bn in renewable energy investments by 2030. In just ten years, CIP has become one of the world’s most sought-after investment firms for green energy and infrastructure projects. CIP has gone from having €1 billion under management for a single Danish investor in
380-874: Was founded in 1991. It was a vertically integrated state-owned enterprise that owned and operated all electrical and heating businesses in Lithuania apart from the Ignalina Nuclear Power Plant . In 1997, the company was registered as Lietuvos Energija AB and it was partly privatized. The government kept 86.5% of the shares while 8.5% was privatized to the company's workers, and 5% to the Swedish company Vattenfall . In 2002, power generation companies AB Lietuvos Elektrinė and AB Mažeikių Elektrinė, and distribution grid companies AB Rytų skirstomieji tinklai and AB Vakarų skirstomieji tinklai were separated from Lietuvos Energija. In 2007, Lietuvos Energija acquired
400-530: Was released in March 2021. Approval was delayed during the term of U.S. president Donald Trump , due to concerns regarding fishing and safety. The permission was fast-tracked after Joe Biden took office. Final major federal approval was granted on May 11, 2021. A total of $ 2.3 billion in project funding was secured in October 2021. The Responsible Offshore Development Alliance representing fishing interests filed
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