DONG Energy, the global leader in offshore wind power - is teaming up with Eversource Energy - the premier transmission builder in New England – who has acquired a 50% ownership interest in Bay State Wind in order to jointly develop Bay State Wind.
The proposed offshore wind farm would be located approximately 15-25 miles south of Martha's Vineyard in an area that has the potential to develop at least 2,000 megawatts of electricity – enough to power one million Massachusetts homes.
DONG Energy and Eversource will seek to jointly develop, construct and operate the utility-scale offshore wind project in a 50-50 partnership. DONG Energy will use its market leading expertise in the offshore wind sector to lead the development and construction of the project's offshore generation and transmission assets. Eversource will leverage its strong transmission expertise in New England to develop and construct the onshore transmission system.
In April of 2015, DONG Energy secured newly assigned project development rights to a 300 square mile ocean area 15 miles off the coast of Martha's Vineyard that was made available for lease by the Bureau of Ocean Energy Management ("BOEM") in a competitive solicitation. In August 2016, Massachusetts formally adopted a comprehensive energy bill that includes a first-of-its-kind mandate that state utilities purchase 1600 MW of offshore wind power by 2027. The first state-led procurement process will begin in June 2017. This represents a landmark moment for the offshore wind industry in the United States.
DONG Energy and Eversource are committed to playing a central role in bringing their companies' respective expertise and successes to bear in order to help the state meet this goal. The companies expect that first power can be delivered in the early 2020s.