Commonwealth Wind Offshore Wind Project

ongoing with challenges

Commonwealth Wind is an offshore wind project initially planned by Eversource Energy with bids based on 2021 economics. The project has experienced cost overruns of 30-50% due to inflation, higher interest rates, and commodity prices. Eversource sought to exit the project in 2024 citing unsustainable economics, but regulators mandated continuation with cost protections, leading to financial strain and increased debt.