New York's South Fork becomes first major U.S. wind farm to deliver power [Seeking Alpha]
Avangrid, Inc. (AGR)
Last avangrid, inc. earnings: 4/28 04:15 pm
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Source: Seeking Alpha
first utility-scale offshore wind farm in federal waters to begin powering up in the U.S., New York Governor Kathy Hochul said Wednesday. South Fork, which Ørsted ( OTCPK:DNNGY ) is building with U.S. energy firm Eversource ( ES ), eventually will consist of 12 Siemens Gamesa turbines with a total installed capacity of 132 MW. The production milestone is welcome news for Ørsted ( OTCPK:DNNGY ), which has faced severe headwinds on its U.S. offshore wind projects that have forced it to book large impairment charges Separately, Avangrid ( AGR ) said Wednesday it completed installation of the first five turbines on its 806 MW Vineyard Wind 1 wind project offshore Massachusetts as it prepares to deliver first power in coming weeks. Meanwhile, the global wind power sector will add less capacity than previously expected over the next decade due to financial trouble in the U.S. offshore wind industry and sluggish project execution in China, Wood Mackenzie said. The consultancy cut 2
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