Copenhagen Infrastructure Partners has acquired 100% of Offshore MW LLC, a company holding a 166,886-acre (675-square-kilometer) offshore wind energy lease south of Martha’s Vineyard in Massachusetts. The lease was issued by the U.S. Bureau of Ocean Energy Management.
Offshore MW, LLC is eligible to participate in the utility tender program established by the recently enacted legislation in Massachusetts, which calls for a total of 1600 MW of new offshore wind capacity until 2027.
The first tender round to obtain a long-term power offtake agreement is expected to take place mid-2017, leading to first power from the winning project approximately four years later.
The project will be continuously developed by the existing local development team, and supported by senior industry experts from Copenhagen Infrastructure Partners. The company also recently acquired two Texas wind farms.
Filed Under: News, Offshore wind