September 16, 2021 — The $2.3 billion Vineyard Wind project off the Nantucket coast can officially begin, as the company announced the project’s financial close today.
Vineyard Wind 1 is slated to be the first commercial scale offshore wind farm in the U.S.
The project has hit some headwinds, after a coalition of fishing industry professionals filed a federal lawsuit Monday asking for a court review of the project’s approval by the Bureau of Ocean Energy Management earlier this year.
But according to a release from the company, now that the project is fully funded, Vineyard Wind is able to give its contractors a notice to proceed.
This allows suppliers to start hiring, training and mobilizing people to prepare for both on and offshore construction.
Onshore work is set to begin this fall in Barnstable, with offshore work starting in 2022, the release stated.
The first power from Vineyard Wind 1 will be delivered to the grid in 2023.