Revolution Wind, a joint venture between Skyborn Renewables, a subsidiary of Global Infrastructure Partners, and Ørsted, has begun supplying electricity to the power grid in New England, US.
The 704MW offshore wind project is contracted to deliver energy through 20-year fixed-price agreements with utilities in Rhode Island and Connecticut.
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It aims to provide enough electricity for more than 350,000 homes and businesses.
ISO New England, the organisation managing the regional grid, has cited the significance of offshore wind projects like Revolution Wind in maintaining grid reliability, particularly during winter when demand peaks and energy supplies can tighten.
The Department of Energy and Environmental Protection in Connecticut has reported that the project could result in annual wholesale energy cost savings of up to $500m for ratepayers throughout New England.
Energy generation is expected to be consistent throughout the year, with increased output anticipated in winter months.
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By GlobalDataMore than 2,000 workers have contributed to the buildout and operation of Revolution Wind across construction, shipping, operations and manufacturing. Over 1,000 local union labourers have worked more than two million hours on the project.
Ørsted’s investment in US offshore projects includes nearly $700m (Dkr4.56bn) directed towards domestic shipbuilding and vessel contracts, facilitating the construction of 14 new vessels in America.
Ørsted chief development officer Amanda Dasch said: “Revolution Wind is adding affordable, reliable American-made energy to New England’s grid, helping to meet growing energy demand and lower consumer costs.
“Built by local, highly skilled union workers, Revolution Wind is a testament to states tapping their energy resources to strengthen regional energy security.
“We are grateful to the leadership of Rhode Island and Connecticut, our labour partners, utility customers and the many other stakeholders whose collaboration has made this milestone possible.”
Revolution Wind’s launch comes as overall electricity demand rises in New England due to economic growth and expanding sectors such as manufacturing and data centres.
