Vineyard Wind And Semco Aim To Establish Offshore Wind Service And Maintenance Hub In New Bedford
PROPOSAL WILL CREATE UP TO 40 GOOD PAYING, LONG-TERM JOBS
(NEW BEDFORD, MA) – Vineyard Wind, a joint venture between Avangrid Renewables, a subsidiary of AVANGRID, Inc. (NYSE: AGR), and Copenhagen Infrastructure Partners (CIP), today announced a partnership with Semco Maritime, a leading international service provider for offshore wind energy projects, as the latest initiative included in the company’s Commonwealth Wind proposal.
Under the terms of the agreement, Semco Maritime will create a world class service and maintenance hub in New Bedford and hire up to 40 people in the coming years. Semco Maritime will hire local residents in a variety of positions, including management, staff technicians, specialists, engineers and administration. The partnership agreement is contingent on Commonwealth Wind being selected by the state in the most recent round of solicitation for offshore wind energy.
Vineyard Wind also announced that Semco has been selected as the preferred supplier for maintenance of the foundations and electric service platform (ESP) for the company’s Vineyard Wind 1 project, which recently became the first offshore wind project in the U.S. to achieve financial close.
“We’re very proud of the way we’ve been able to leverage our leading position in the U.S. to maximize the local potential of the offshore wind industry, and our partnership with Semco Maritime is a perfect example,” said Vineyard Wind CEO Lars T. Pedersen. “While our Commonwealth Wind proposal has benefits for people across the state, we know that New Bedford will continue to be a critical hub for the industry for decades to come. This partnership builds on the work we’ve done in the city and brings new direct investment and additional good paying, long-term jobs for local residents”.
“We are pioneering the clean energy economy right here in New Bedford,” said Bill White, President & CEO for Offshore at Avangrid Renewables. “Partnerships with companies such as Semco will be a bedrock of a new clean energy industry and demonstrate that offshore wind will deliver not only clean energy, but real economic opportunity to communities across the Commonwealth.”
“Vineyard Wind is a true pioneer in US offshore wind, and we’re proud of this partnership, which marks an important milestone for us and establishes Semco Maritime as the first full scope offshore wind maintenance provider in the US. We look forward to cooperating with Vineyard Wind and local stakeholders to contribute to the positive development of New Bedford and the community,” said Semco Maritime, CEO Steen Brødbæk”.
“Semco Maritime is an internationally recognized energy company that has been a leader in offshore wind since the industry’s early days in Denmark,” New Bedford Mayor Jon Mitchell said. “SEMCO’s interest in establishing a maintenance hub here reflects the industry’s recognition of New Bedford’s leadership in the emerging American market, and the company’s commitment to excellence would certainly strengthen our overall position.”
The partnership gives Semco Maritime the ability to work with other projects and developers. If Semco Maritime is successful in working with other parties, the number of potential jobs may increase further.
Commonwealth Wind is a newly proposed offshore wind project submitted to Massachusetts’ third competitive offshore wind solicitation. If awarded, Commonwealth Wind will be developed in an area 22 miles south of Martha’s Vineyard that was designated by the federal government in 2015 following a multi-year stakeholder process. Commonwealth Wind can deliver up to 1,200 MW of clean and affordable energy to Massachusetts, power 750,000 homes in Massachusetts, create over 11,000 jobs (FTE), catalyze hundreds of millions of investments in offshore wind infrastructure, and deliver substantial commitments to environmental justice communities.
About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $39 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs approximately 7,000 people and has been recognized by Forbes and Just Capital as one of the 2021 JUST 100 companies – a list of America’s best corporate citizens – and was ranked number one within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2021 for the third consecutive year by the Ethisphere Institute. For more information, visit www.avangrid.com.