VINEYARD WIND


Associated tags: Wind, CIP, Copenhagen Infrastructure Partners, Avangrid, Renewable energy, Vineyard Wind, Carbon, Electricity, Commonwealth, Transport, Longevity, United, Urban Saints, Non-governmental organization, Agriculture, Food, Interim, Education, NYSE, AGR

Copenhagen Infrastructure Partners and Avangrid Announce Largest Single Asset Tax Equity Financing and First Large-Scale Offshore Transaction in the U.S.

Retrieved on: 
Wednesday, October 25, 2023
Copenhagen Infrastructure Partners, Project Labor Agreement, AGR, Bank, NYSE, History, Investment banking, Congress, J. P. Morgan, IRA, Carbon, Wind, Electricity, Commonwealth, National Grid, Kirkland & Ellis, JPMorgan Chase, Bank of America, Wells Fargo, LLP, CIP, Vineyard, Vineyard Wind, Climate change, Renewable energy, Unitil Corporation, Avangrid

The $1.2 billion dollar investment transaction was reached with J.P. Morgan Chase, Bank of America and Wells Fargo, making it the largest single asset tax equity financing and the first for a commercial scale offshore wind project.

Key Points: 
  • The $1.2 billion dollar investment transaction was reached with J.P. Morgan Chase, Bank of America and Wells Fargo, making it the largest single asset tax equity financing and the first for a commercial scale offshore wind project.
  • “Closing on a tax equity package has always been a central element to achieving financial success for the first-of-its-kind Vineyard Wind 1,” said Tim Evans, partner and Head of North America for CIP.
  • “Finalizing this tax equity transaction is a critical milestone in executing the financing plan for Vineyard Wind 1.
  • Vineyard Wind 1 began on-site construction in late 2021, achieved steel-in-the-water in June 2023, and completed the nation’s first offshore substation in July 2023.

Greentown Go Energize 2023 with Vineyard Wind and MassCEC Announces Startup Cohort with Innovations for Responsible Offshore Wind Development

Retrieved on: 
Wednesday, June 28, 2023
Interim, Food, Partnership, Education, Farmer, Agriculture, API, Electricity, Data collection, Wind, Carbon, Renewable energy, Non-governmental organization, Robotics, Urban Saints, Greentown, Indiana, Growth, United, Longevity, Transport, Farm, Vineyard Wind

SOMERVILLE, Mass. and HOUSTON, June 28, 2023 /PRNewswire/ -- Greentown Labs, the largest climatetech incubator in North America, and Vineyard Wind, developer of the first utility-scale offshore wind farm in the United States, today announce five startup participants for Greentown Go Energize 2023. This Greentown Go program, which is supported by the Massachusetts Clean Energy Center (MassCEC), is dedicated to advancing technologies for responsible offshore wind development.

Key Points: 
  • and HOUSTON, June 28, 2023 /PRNewswire/ -- Greentown Labs , the largest climatetech incubator in North America, and Vineyard Wind , developer of the first utility-scale offshore wind farm in the United States, today announce five startup participants for Greentown Go Energize 2023 .
  • This Greentown Go program, which is supported by the Massachusetts Clean Energy Center (MassCEC), is dedicated to advancing technologies for responsible offshore wind development.
  • "Congratulations to this dynamic group of offshore wind innovators and to Vineyard Wind and Greentown Labs for advancing the Greentown Go initiative," said MassCEC CEO Jennifer Daloisio.
  • Go Energize 2023 follows a successful Greentown Go program focused on offshore wind that Greentown, Vineyard Wind, and MassCEC ran together in 2020.

Vineyard Wind Announces Investment In US-Based Bubble Curtain Supplier

Retrieved on: 
Friday, May 12, 2023
Copenhagen Infrastructure Partners, AGR, Partnership, Equivalence relation, HTL, CIP, Noise, Atmosphere, University of Massachusetts Dartmouth, Port, Vineyard Wind, Wind, Carbon, Northstar, Navigator, FTE, Foss Maritime, Commonwealth, NYSE, Ørsted US Offshore Wind, Renewable energy, Cryptocurrency

NEW BEDFORD, Mass., May 12, 2023 /PRNewswire/ -- Vineyard Wind, a joint venture between Copenhagen Infrastructure Partners (CIP) and AVANGRID, Inc. (NYSE: AGR), today announced a pilot program to deploy and test a secondary bubble curtain during foundation installation through a partnership with ThayerMahan, a firm that specializes in seabed surveys, acoustic mitigation and monitoring, and other maritime related services, with facilities in Connecticut and Massachusetts.  The $5 million in funding comes from Vineyard Wind's Industry Accelerator Fund, which is administered by the Massachusetts Clean Energy Center (MassCEC). 

Key Points: 
  • "For the first time, a US-based company will perform the service of providing a bubble curtain mitigation system."
  • -- Vineyard Wind CEO Klaus S. Moeller
    As a part of the agreement, ThayerMahan will move its headquarters for their bubble curtain acoustic mitigation product line to New Bedford, sharing part of the Foss Marine Terminal.
  • Once this partnership is executed, ThayerMahan will be the first American company to provide bubble curtain services to the US Offshore Wind industry.
  • "Our agreement with ThayerMahan ensures that for the first time, a US-based company will perform the service of providing a bubble curtain mitigation system for an offshore wind project," said Vineyard Wind CEO Klaus S. Moeller.

Greentown Labs Deepens Partnership with Vineyard Wind; Announces Go Energize 2023, Supported by MassCEC

Retrieved on: 
Tuesday, January 10, 2023
Education, Wind, Economic development, Agriculture, Ecosystem, Non-governmental organization, Partnership, United, Transport, Interim, Food, Mentorship, Growth, Commonwealth, Electricity, Urban Saints, Seed, Longevity, TRL, Renewable energy, Vineyard Wind

SOMERVILLE, Mass. and HOUSTON, Jan. 10, 2023 /PRNewswire/ -- Greentown Labs, the largest climatetech incubator in North America, and Vineyard Wind, developer of the first utility-scale offshore wind farm in the United States, are now accepting applications for Greentown Go Energize 2023, a program supported by the Massachusetts Clean Energy Center (MassCEC). Greentown Labs and Vineyard Wind are seeking submissions from startups that are innovating solutions for offshore turbine monitoring and ecological data collection, as well as digital solutions to improve turbine efficiency and longevity.

Key Points: 
  • and HOUSTON, Jan. 10, 2023 /PRNewswire/ -- Greentown Labs , the largest climatetech incubator in North America, and Vineyard Wind , developer of the first utility-scale offshore wind farm in the United States, are now accepting applications for Greentown Go Energize 2023 , a program supported by the Massachusetts Clean Energy Center (MassCEC).
  • Go Energize 2023 aims to reduce these barriers to entry through industry education, knowledge sharing, and relationship-building across relevant industry networks.
  • "Partnerships like this one with Vineyard Wind and Greentown Labs will help us realize the Commonwealth's offshore wind goals and deliver clean, reliable energy to residents," said MassCEC CEO Jennifer Daloisio.
  • Greentown Labs runs Greentown Go programs across five tracks: Go Make (manufacturing), Go Move (transportation), Go Energize (energy and electricity), Go Build (buildings), and Go Grow (food and agriculture).

Greentown Labs and Vineyard Wind Announce Offshore Wind Challenge Startup Participants

Retrieved on: 
Wednesday, August 12, 2020
Wind power in Massachusetts, Offshore wind power, Wind power, Martha's Vineyard, Renewable electricity, Nantucket, Massachusetts, Aerodynamics

SOMERVILLE, Mass., Aug. 12, 2020 /PRNewswire/ -- Greentown Labs , the largest climatetech startup incubator in North America, and Vineyard Wind , developer of the first utility-scale offshore wind energy generation facility in the United States, have selected three startups for the Offshore Wind Challenge .

Key Points: 
  • SOMERVILLE, Mass., Aug. 12, 2020 /PRNewswire/ -- Greentown Labs , the largest climatetech startup incubator in North America, and Vineyard Wind , developer of the first utility-scale offshore wind energy generation facility in the United States, have selected three startups for the Offshore Wind Challenge .
  • Within this framework, the Offshore Wind Challenge will help startups explore potential partnership outcomes with Vineyard Wind, including piloting their technologies in Vineyard Wind's Massachusetts lease waters.
  • The Offshore Wind Challenge partners will host a final showcase in 2021 to share startup progress, accomplishments, and successful results of working closely with Vineyard Wind, Greentown Labs, and MassCEC throughout the program.
  • Vineyard Wind LLC is an offshore wind development company seeking to build the first large-scale offshore wind energy project in the U.S., to be located 15 miles south of Martha's Vineyard.

Greentown Labs and Vineyard Wind Launch the Offshore Wind Challenge to Accelerate Technologies that Protect Marine Life

Retrieved on: 
Thursday, March 12, 2020
Renewable energy, Wind power, Offshore wind power, Martha's Vineyard, Offshore wind farms, Wind power in Massachusetts

Vineyard Wind is developing the first utility-scale offshore wind project which will eliminate 1.68 million metric tons of carbon dioxide emissions annually.

Key Points: 
  • Vineyard Wind is developing the first utility-scale offshore wind project which will eliminate 1.68 million metric tons of carbon dioxide emissions annually.
  • "Vineyard Wind is excited to kick off the application process today for the Offshore Wind Challenge alongside our partners at Greentown Labs," said Lars T. Pedersen, CEO of Vineyard Wind.
  • Within this framework, the Offshore Wind Challenge will help startups explore potential partnership outcomes with Vineyard Wind.
  • Vineyard Wind LLC is an offshore wind development company seeking to build the first large-scale offshore wind energy project in the U.S., to be located 15 miles south of Martha's Vineyard.

Greentown Labs and Vineyard Wind Partnership will Support Offshore Wind Innovation

Retrieved on: 
Thursday, February 20, 2020
Renewable energy, Offshore wind power, Wind power

The Greentown Labs and Vineyard Wind Launch program will identify and deploy innovations that enhance offshore monitoring technologies focused on protecting marine mammals.

Key Points: 
  • The Greentown Labs and Vineyard Wind Launch program will identify and deploy innovations that enhance offshore monitoring technologies focused on protecting marine mammals.
  • Together, Greentown Labs and Vineyard Wind will support early-stage startups developing technologies to improve the offshore wind energy and marine life value chains by providing the resources, training, and expert mentorship they need to advance their innovations.
  • "Vineyard Wind is excited to partner with Greentown Labs on this initiative to support and drive innovation to the emerging American offshore wind industry," said Lars Pedersen, CEO of Vineyard Wind.
  • Vineyard Wind LLC is an offshore wind development company seeking to build the first large-scale offshore wind energy project in the U.S., to be located 15 miles south of Martha's Vineyard.