January 15 (Renewables Now) - A joint venture (JV) formed by Denmark-based Bladt Industries A/S and Semco Maritime A/S is to construct an offshore substation for the 804-MW Mayflower offshore wind farm, to be located south of Nantucket, Massachusetts.
Bladt will provide the steel structure and jacket foundation of the 1.2 GW offshore substation, while Semco will be responsible for the design, procurement and installation of electrical equipment, auxiliary systems and inter-array cables. Work on the offshore substation will begin this month and it is due to be delivered from Bladt's plant in Denmark in 2024, according to the statement published on Wednesday.
The Mayflower offshore wind farm is developed by Shell New Energies US LLC and EDPR Offshore North America LLC (EDPR), through their joint venture Mayflower Wind Energy LLC. The project won Massachusetts’ second offshore wind tender in October.
Expected to become operational in 2025, the wind farm will sell power to the Commonwealth’s Electric Distribution Companies under a long-term power purchase agreement (PPA) at prices below the original price cap of USD 84.23 (EUR 75.56), according to the developers. Once commissioned, the wind power facility will generate enough power to supply about 500,000 homes.
The contract with Semco and Bladt will help the Mayflower wind farm to meet qualification standards in 2020 to secure Federal Investment Tax Credits (ITC) at the 18% level, Mayflower Wind Energy's chief financial officer, Michael Brown, said.
(USD 1.0 = EUR 0.897)