Offshore wind has a unique opportunity at this moment in time to benefit the US economy and environment. The pipeline of offshore wind projects is estimated to deliver approximately $100 billion in economic investment, more than 80,000 jobs, and provide enough electricity to power millions of homes.
New England stands at the forefront of this new American energy industry with multiple large projects in development that will deliver thousands of megawatts of clean energy to the grid. One developer, Vineyard Wind, has secured projects in both Massachusetts and Connecticut, with its first project Vineyard Wind 1 planning to receive final permits by the end of 2020 and its Connecticut project, Park City Wind, entering the permitting process this year. These projects will not only deliver competitively priced energy to the Massachusetts and Connecticut ratepayers but will also bring thousands of high-paying jobs, considerable economic investment, and demand for a deep, regional supply chain.
