Copenhagen Infrastructure Partners’ Vineyard Wind offshore wind project in Massachusetts risks serious delays and significant financial consequences if a US construction moratorium is not lifted by a critical deadline in early 2026. According to court documents, the project, which CIP owns together with Spanish energy company Iberdrola’s US subsidiary Avangrid, is 95 percent complete, but lacks, among other things, the installation of the final turbine tower and 10 sets of blades. The work requires the use of the highly specialized installation vessels Wind Pace and Sea Installer, whose contracts expire in early 2026, which according to the company creates significant time pressure. This is reported by Finans.
- If work is not resumed before January 30, 2026, the project will probably not be completed, says Klaus Skoust Møller, CEO of Vineyard Wind.
According to the company, the construction halt costs DKK 12.9 million per day, of which CIP bears about half. If the offshore wind farm is not finished by March 31, 2026, the lenders can demand early repayment of the loans and ultimately put the project up for foreclosure. Vineyard Wind has therefore filed a lawsuit in a federal court in Massachusetts and is seeking a temporary injunction. Similar cases have previously been decided in favor of Ørsted and Equinor, among others.
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