Mayflower Wind anticipates the project, located more than 20 miles south of Nantucket with expected start-up in 2025 will provide the following economic benefits:
• Long term prices below the original price cap of $84.23/MWh
• $3.7 billion in electricity rate reduction over the term of the contract
• Creation of up to 10,000 jobs in Massachusetts including both offshore jobs and onshore opportunities
• Elimination of 1.7 million metric tons CO2 emissions annually from clean energy produced once in operation, the equivalent of taking 350 thousand cars off the road
“Mayflower Wind is proud to have been selected to provide low cost renewable energy to Massachusetts,” said Mayflower Wind President John Hartnett. He added, “Development of the Mayflower Wind project will contribute to the building of an offshore supply chain on the South Coast and across the Commonwealth, helping to launch a new clean, safe and innovative sector of our economy. We look forward to working with all of our stakeholders to ensure a safe and successful project.”
Mayflower Wind also has provided the same competitive pricing solution to Connecticut under their current procurement process for offshore wind, matching the objective of securing low cost renewable energy articulated in the state’s energy plan.
Mayflower Wind brings deep experience and skills of its parent companies, Shell and EDP Renewables, to Massachusetts. These include successfully developing, permitting, financing, constructing and operating offshore and onshore wind projects and offshore production facilities.