President Biden has been working on clean energy since he entered the White House. He has a clean energy target to have 100% renewables in the United States by 2035. However, he has faced political problems since various state leaders have their opinions on the matter. Later, Texas’s blackout issue and multiple media personalities instilling fear in the people led to public panic on the renewable energy transition. Some claimed that America is not ready for this change. However, the recent announcement is a new dawn for America after BOEM’s final environmental impact statement.
This statement depicts the Vineyard wind project’s future and has put the States’ debut commercial-scale project a few steps away from construction. Lars T. Pedersen, Vineyard Wind CEO, announced his excitement in the decision and expressed his gratitude to BOEM for approving the project. Lars also spoke of the project’s history where the company submitted their permit application four years ago, and the hard work BOEM has put in place to decide.
Pedersen said that It was more than three years wait as the permit application faced federal review and public view on the project. Lars talked about 2021 as the company can work on its plan and broaden the offshore wind industry. He explained offshore wind as a historic chance to venture into a new initiative that will create job opportunities for thousands of people, reduce electricity rates, and most importantly, help the country tackle the climatic changes. The company is looking forward to the final permit application step to launch the offshore wind industry that has great potential and will lead to economic growth. It is a perfect chance for communities on the seaboard.
Vineyard Wind 1 is the company’s first project located 15 miles off Martha’s Vineyard coast, which experts claim will become the debut large-scale offshore wind plan in America. Its capacity runs up to 800 MW and will deliver many benefits to Massachusetts. This power capacity allows the wind farm to provide adequate power for over 400,000 homes, reduce the cost of electricity bills by $1.4 billion in its first two decades of operation and create jobs.
For the decarbonizing project, it aims to reduce 1.68 million metric tons yearly. The BOEM announcement will attract more investors to the offshore wind leading the industry’s growth. The start of Vineyard Wind dates back to 2009 when BOEM and Massachusetts identified wind energy regions. The lease area took place in a 2015 competitive auction where Vineyard won and two years later submitted their permit.
Experts claim that Vineyard will get a financial close by mid-2021 and start delivering Massachusetts power in two years. Vineyard Wind is a joint venture involving the Copenhagen Infrastructure Partners and Avangrid Renewables.
This post was originally published on Downey Magazine