Massachusetts Communities Go Green
Vineyard Wind, a joint venture between Avangrid Renewables, a subsidiary of AVANGRID, Inc. (NYSE: AGR), and Copenhagen Infrastructure Partners (CIP), today announced that the company’s recent “Commonwealth Wind” proposal includes a first of its kind partnership with Energy New England (ENE) that will allow Municipal Light Plants (MLPs) to purchase offshore wind power, an opportunity that will green the portfolios of MLPs across the state.
Under the agreement, MLPs would be able to purchase up to 146,000 MWh per year in addition to Renewable Energy Credits (RECs), reducing carbon pollution by 300,000-400,000 tons over the lifetime of the contract. This agreement will enable the MLPs, which currently provide 15% of the state’s energy baseload, to make meaningful progress toward meeting renewable energy targets, as required under Massachusetts’ new climate law.
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