Overview

• The administration has initiated formal proceedings to revoke construction permits for the New England Wind 1 and 2 projects off Massachusetts, according to a court document reported by Bloomberg.
• Both projects are led by Avangrid, Iberdrola’s U.S. unit, which won an 800 MW award in 2018 valued at about €2.4 billion and remains in the permitting phase.
• The action extends a broader pullback that has already halted at least four offshore wind developments on the East Coast this year, with some reported to be near 80% complete.
• The White House has justified curbs on offshore wind as protecting fisheries and ensuring affordable energy, while oil and gas licensing has continued.
• Iberdrola has expanded in New England with nearly €9 billion invested and a 2,800 MW offshore pipeline, and internal sources say its U.S. growth plan remains on track.