(Source: Shutterstock.com)
Sustainable energy company Avangrid Inc. is set to provide upgrades for Eversource’s Cape Cod Solution Phase 1 grid upgrade in Bourne, Massachusetts, according to a May 22 press release.
As part of a Transmission Support Agreement and Large Generator Interconnection Agreement with Eversource, Avangrid will provide the New England Wind 1 project with more than $13.7 million in funding for grid upgrades.
Located in federal lease area OCS-A 0534 in Massachusetts, the New England Wind 1 project will convert the line connecting the Bourne Switching Station and the West Barnstable Substation into a 345-kilovolt (kv) transmission line. The new line will initially be operated at 115 kv until the proper infrastructure at Bourne and West Barnstable is built as part of Phase II of New England Wind 1’s grid upgrades.
Additionally, Avangrid entered into a Host Community Agreement with the town of Barnstable for the New England Wind 1 project to make landfall at Craigville Beach and connect the power to the Eversource substation in West Barnstable.
Recommended Reading
Phillips 66’s NGL Focus, Midstream Acquisitions Pay Off in 2024
2025-02-04 - Phillips 66 reported record volumes for 2024 as it advances a wellhead-to-market strategy within its midstream business.
Rising Phoenix Capital Launches $20MM Mineral Fund
2025-02-05 - Rising Phoenix Capital said the La Plata Peak Income Fund focuses on acquiring producing royalty interests that provide consistent cash flow without drilling risk.
Equinor Commences First Tranche of $5B Share Buyback
2025-02-07 - Equinor began the first tranche of a share repurchase of up to $5 billion.
Q&A: Petrie Partners Co-Founder Offers the Private Equity Perspective
2025-02-19 - Applying veteran wisdom to the oil and gas finance landscape, trends for 2025 begin to emerge.
Chevron Makes Leadership, Organizational Changes in Bid to Simplify
2025-02-24 - Chevron Corp. is consolidating its oil, products and gas organization into two segments: upstream and downstream, midstream and chemicals.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.