Vineyard Wind Project more cost-effective than alternatives

After decades of NIMBYs opposing it, Massachusetts will soon have 800 MW of offshore wind from Vineyard Wind. And, added bonus, the price is highly competitive.

Massachusetts electricity users will save about $1.4 billion over 20 years from the first commercial-scale offshore wind farm in the U.S.

With Vineyard Wind, the U.S. is starting to close the gap, Harries said. While offshore wind is still more costly than onshore wind and solar, it offers other advantages, notably that the turbines will generate power in the winter when prices are high.

Federal tax credits and a long-term power-purchase agreement were part of the equation that helped the wind project “offer an attractive price to the benefit of consumers,”