- Revolution Wind is a 704 MW offshore project delivering power to New England.
- The project will power over 350,000 homes under 20-year fixed-price agreements.
- Ørsted invests nearly $700 million in U.S. shipbuilding and vessel contracts.
- Revolution Wind supports over 2,000 jobs, including 1,000 local union workers.
Project Overview
Revolution Wind, a joint venture between Global Infrastructure Partners’ Skyborn Renewables and Ørsted, has commenced power delivery to New England's electric grid. The 704 MW offshore wind project aims to enhance the region's power supply and reduce consumer costs.
Energy Supply and Agreements
The project is expected to generate enough electricity to power over 350,000 homes and businesses. It operates under fixed-price, 20-year agreements with energy utilities in Rhode Island and Connecticut, providing price stability for consumers.
Economic Impact
Revolution Wind supports the regional economy, particularly energy-intensive industries like manufacturing and data centers. Once fully operational, it is projected to save New England ratepayers up to $500 million annually in wholesale energy costs.
Operational Benefits
The project is designed to generate energy year-round, with strong output during winter months when energy supplies are constrained and prices can spike. ISO New England highlights the importance of such projects for grid reliability, especially in winter.
Job Creation and Investment
Revolution Wind has created over 2,000 jobs across construction, operations, shipping, and manufacturing, including more than 1,000 local union workers. Ørsted is investing nearly $700 million in domestic shipbuilding and vessel contracts, contributing to the construction of 14 new American-made vessels.
