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Avangrid Renewables proposes 2.5GW wind farm off the coast of North Carolina

December 14, 2020

S&P Global Market Intelligence ($):

Avangrid Renewables LLC has submitted a construction and operations plan to the U.S. Bureau of Ocean Energy Management for the first phase of its proposed Kitty Hawk Offshore Wind Farm off the coast of North Carolina.

Under the proposal, the wind farm will be built in multiple phases between 2021 and 2030. The first phase of the project is expected to have a capacity of 800 MW, with construction starting as early as 2024.

The proposal also includes an economic impact study conducted by the Public Strategy Group, which shows that the project is estimated to generate $2 billion in economic impact from 2021 to 2030, and [is] expected to create almost 800 jobs in Virginia and North Carolina.

Once all of the project phases are completed, the Kitty Hawk offshore wind farm is projected to have a total capacity of 2,500 MW, capable of generating power for 700,000 homes.

Avangrid Renewables is a unit of Avangrid Inc., which is a subsidiary of Iberdrola SA.

[Selene Balasta]

More ($): Avangrid Renewables submits plan for 2.5-GW NC offshore wind farm

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