Copenhagen Infrastructure II acquires offshore wind energy lease in Massachusetts
On behalf of Copenhagen Infrastructure II, Copenhagen Infrastructure Partners has acquired 100% of Offshore MW LLC. The company holds a 166,886 acre offshore wind energy lease issued by the US Bureau of Ocean Energy Management and located south of Massachusetts.
Offshore MW is eligible to participate in the utility tender program established by recently enacted legislation in Massachusetts, which calls for a total of 1600 MW of new offshore wind capacity until 2027.
The first tender round to obtain a long term power off-take agreement is expected to take place mid-2017, leading to first power from the winning project approximately four years later.
The project will be continuously developed by the existing local development team, supported by senior industry experts from Copenhagen Infrastructure Partners.
In early March we reported that the Maryland Public Service Commission, an independent administrative agency within the state government that regulates public utilities, opened a 180-day application period for other developers to develop offshore wind projects off the Maryland coast.
