October 1, 2018 — Top executives with Vineyard Wind were optimistic Thursday about completion dates for their offshore project after a financial report indicated timely permitting by a federal oversight agency.
Vineyard Wind intends to be in operation by 2021, said Laura Beane, president and CEO of Avangrid Renewables, which owns 50 percent of Vineyard Wind.
“We are on schedule,” Beane said in a phone call before her appearance Friday on an offshore energy panel at “The Ocean’s Turn” conference at Tufts University. Joining Beane on the call was Vineyard Wind CEO Lars Pedersen, an executive with Copenhagen Infrastructure Partners, which owns the other 50 percent of Vineyard Wind.
“Vineyard Wind will be the very first large-scale offshore facility here in the U.S.,” Beane said. “There’s a tremendous amount of energy and excitement because people see the potential.”
Pedersen, too, said there is “a huge opportunity” for U.S. citizens to become part of an industry that is very mature in Europe and now being moved across the Atlantic.
“Those who get in early have a much better opportunity to be there long-term than those later on, and the opportunities will definitely be there,” he said.
Read the full story at the Cape Cod Times