A wind energy company named Avangrid has been in the process of developing a massive offshore wind farm called the Commonwealth Wind project, working with the support of the state of Massachusetts for several years.
A second offshore project from Mayflower Wind was to produce an additional 400 megawatts.
A major offshore wind project in the Massachusetts pipeline "Is no longer viable and would not be able to move forward" under the terms of contracts filed in May. Both developers behind the state's next two offshore wind projects are asking state regulators to pause review of the contracts for one month amid price increases, supply shortages and interest rate hikes.
Utility executives working with assistance from the Baker administration last year chose Avangrid's roughly 1,200-megawatt Commonwealth Wind project and a 400 MW project from Mayflower Wind in the third round of offshore wind procurement to continue the state's pursuit of establishing cleaner offshore wind power.
Contracts, or power purchase agreements, for the projects were filed with the Department of Public Utilities in May. As noted above, these wind farms aren't being put on hold because the wind suddenly stopped blowing offshore.
The only way these projects ever got off the ground initially was because the government was already massively subsidizing the wind energy industry in general and these proposed wind farms in particular.
Wind energy is not profitable in and of itself without huge government subsidies.
https://hotair.com/jazz-shaw/2022/10/31/massachusetts-offshore-wind-project-no-longer-viable-n507020
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