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Avangrid and the Town of Barnstable, Mass. have reaffirmed the Host Community Agreement (HCA) for the New England Wind 1 offshore wind project through a side agreement entered into by Park City Wind and the town.
Through the side agreement, a supplement to the original HCA signed by the parties in 2022, Avangrid will provide $16 million in a Host Community Payment to the town within 60 days of the project’s financial close.
It also provides for Avangrid to pay the town additional funds for post construction streetscaping and defraying sewer construction costs, as well as a donation to the Barnstable High School Environmental Science and Technology Lab.
“Avangrid is proud of its productive and longstanding working relationship with the Town of Barnstable, and we are pleased to reaffirm the Host Community Agreement that ensures the Town and the entire region will benefit from the development of our New England Wind 1 project,” says Avangrid CEO Pedro Azagra.
“As we continue construction on our nation-leading Vineyard Wind 1 project and advance New England Wind 1, we look forward to continued collaboration with the Town and our many valued stakeholders throughout the region.” |
