Vineyard Wind
- Company typePrivate
- Founded2017
- HeadquartersNew Bedford, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
Vineyard Wind firmographics
Firmographics- Name
- Vineyard Wind
- Legal name
- Vineyard Wind LLC
- Website
- https://vineyardwind.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Vineyard Wind industry classification
Industry- Product category
- Offshore Wind Energy Generation
- NAICS
- Wind Electric Power Generation (221115), Electric Power Generation, Transmission and Distribution (2211)
- SIC
- Motors & Generators (3621)
- akta.pro primary industry
- Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations) (EUACAFAF)
- akta.pro secondary industries
- Offshore Wind Power Generation (Floating) (EUACAFAC), Wind Operations, Maintenance & Asset Management (Scheduled/Unscheduled) (EUAMACAH)
Keywords
Where Vineyard Wind is headquartered
LocationHeadquarters
- HQ city
- New Bedford
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Vineyard Wind business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Operations, Technology or R&D, Personnel
Revenue model
- Electricity Sales via Power Purchase Agreements: Vineyard Wind generates revenue through long-term fixed-rate power purchase agreements (PPAs) with Massachusetts utility companies. The 20-year contracts lock in pricing at an average of $69.50/MWh with 2.5% annual increases. The project delivers electricity directly to the New England grid.
- Offshore Wind Energy Generation: As an operating offshore wind farm, revenue is generated from the sale of electricity produced by 62 GE Haliade-X turbines with combined capacity of 806 MW. The project supplies approximately 7% of Massachusetts' annual electricity needs.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | 20-year fixed-rate PPA at $69.50/MWh with 2.5% annual escalation |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels5 records
Vineyard Wind product offering
Product offeringCore offering
Vineyard Wind operates America's first commercial-scale offshore wind farm (Vineyard Wind 1), an 806-megawatt project consisting of 62 GE Haliade-X 13 MW turbines located approximately 15 miles south of Martha's Vineyard, Massachusetts. The company sells electricity generated from this wind farm to Massachusetts utility companies under 20-year fixed-rate power purchase agreements at an average of $69.50 per megawatt-hour, supplying approximately 7% of Massachusetts' annual electricity needs.
Product overview
Vineyard Wind is an offshore wind energy company operating the nation's first commercial-scale offshore wind farm, Vineyard Wind 1, an 806-megawatt project comprising 62 GE Haliade-X turbines located 15 miles off the coast of Martha's Vineyard. The company provides utility-scale clean power generation and delivery to Massachusetts utilities under 20-year power purchase agreements. Core operations include the wind farm itself, with supporting services including operations and maintenance facilities on Martha's Vineyard and a fisheries compensatory mitigation program administered by a third party to compensate commercial fishermen. The project is a joint venture between Avangrid (50%) and Copenhagen Infrastructure Partners (50%).
Differentiator
Problem solved
Functional benefit
Products and services
- Vineyard Wind 1 America's first utility-scale offshore wind farm, an 806-megawatt project located 15 miles south of Martha's Vineyard, Massachusetts, featuring 62 GE Haliade-X 13 MW turbines capable of powering approximately 400,000 homes and businesses. Electricity is delivered to Massachusetts utilities under 20-year power purchase agreements.
- Operations and Maintenance Services Comprehensive O&M services for the offshore wind farm including technician support, helicopter operations, crew transfer vessel support, and health/safety/environmental management, based at the Tisbury Marine Terminal on Martha's Vineyard.
- Vineyard Wind 1 Fisheries Compensatory Mitigation Program Third-party administered compensation program providing fair, equitable payments to commercial fishermen for economic impacts attributable to the project's construction, operations, and decommissioning activities across Connecticut, Massachusetts, Rhode Island, New Jersey, and New York.
Quantifiable outcome
- $1.4 billion in electricity bill savings for Massachusetts customers over 20 years
- +5 more outcomes
Companies that use Vineyard Wind
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles1 record
Vineyard Wind technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Vineyard Wind partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered core, major and minor.
- GE VernovacoreTurbine supplier for 62 Haliade-X 13 MW turbines in $4.5 billion project. Currently in legal dispute with Vineyard Wind over blade failure costs ($545M claimed by Vineyard) and unpaid invoices ($360M claimed by GE). Manufacturing defect identified at Gaspé, Canada facility caused July 2024 blade collapse. CEO: Roger Martella (Chief Sustainability Officer).
- Jan De Nul Group with JDR Cable Systems (TFKable Group)majorSelected to supply and install approximately 130 miles of 66kV inter-array cables connecting 62 turbines. Created approximately 40 new full-time US jobs in training and installation. JDR Cable Systems provides engineering excellence and cable manufacturing.
- DEME Group (vessel ORION)majorOperates heavy lift vessel ORION for monopile and transition piece installation. Utilizes local union piledrivers with special training for offshore wind installation work. SID Florey, President DEME Offshore US.
- LinxonmajorSelected to construct onshore substation for the project, responsible for grid connection infrastructure.
- Greentown LabsminorPartnership to support offshore wind innovation. Launched Offshore Wind Challenge to accelerate technologies protecting marine life, including marine mammal monitoring, data collection, and real-time transmission.
- Natural Resources Defense Council, National Wildlife Federation, Conservation Law FoundationmajorHistoric agreement signed January 2019 to protect critically endangered North Atlantic Right Whales. Commitments include construction curtailment during migration, comprehensive monitoring, noise dampening, vessel speed limits, and $3M investment in marine mammal protection technologies.
- University of New HampshireminorPartnership for acoustic monitoring for marine mammals as part of environmental protection measures.
- de maximis, inc.majorIndependent third-party administrator for the $15 million Fisheries Compensatory Mitigation Program. Administers compensation payments to commercial fishermen in CT, MA, NJ, NY, and RI for economic impacts from project activities.
- Massachusetts Clean Energy Center (MassCEC)majorVineyard Wind proposed MassCEC manage the $10 million Offshore Wind Industry Accelerator Fund to guide investment decisions for supply chain and infrastructure development in Massachusetts.
- New Bedford Ocean Cluster (NBOC)major501(c)(3) non-profit partnership to maximize positive economic impacts through Act Local program. Facilitates matchmaking between local businesses and offshore wind opportunities via NBOC Portal. President: John Bullard.
- XodusminorGlobal energy consultancy facilitating the Act Local program with streamlined matchmaking system for local business participation in offshore wind industry.
- Resolve MarinemajorWorld-leading salvage company engaged for blade removal operation following July 2024 turbine blade failure. Executed controlled cutting activities and debris recovery operations.
- Southeastern Massachusetts Building Trades CouncilcoreHistoric project labor agreement signed July 2021 for first industrial-scale offshore wind project in US. Creates approximately 500 family-sustaining union jobs. $500,000 allocated for pre-apprenticeship and recruitment programs including Building Pathways South. President: Frank Callahan.
- Geoquip MarinemajorPartner for geotechnical surveys of the lease area. Vessel GEOQUIP SAENTIS deployed from New Bedford for site surveys providing necessary data for project design. CEO: Stewart Higginson.
Scale indicators10 records
Recent moves9 records
Expansion highlights6 records
Vineyard Wind competitors and assessment
Company assessmentBroad incumbents
- Ørsted: Global leader in offshore wind development with multiple US projects (South Fork Wind, Revolution Wind, Sunrise Wind). Directly comparable as a utility-scale offshore wind farm owner/operator selling power under PPAs to Northeast US utilities, and a key technology and supply chain benchmark for Vineyard Wind's GE Haliade-X deployment.
- Iberdrola: Spanish multinational utility and ultimate parent of Avangrid, Vineyard Wind's 50% owner. Comparable as a global offshore wind developer-operator with extensive European portfolio and US presence, providing strategic capital, project development, and operational expertise to Vineyard Wind.
- Eversource Energy: One of three Massachusetts utility off-takers under Vineyard Wind's PPAs and a partner in multiple Ørsted offshore wind projects. Comparable as a regulated New England utility committing to long-term offshore wind procurement, representing both a customer and a strategic counterparty for Vineyard Wind.
Direct peers
- Equinor: Norwegian energy major developing Empire Wind (NY) and multiple other US offshore wind leases. Directly comparable as a global integrated energy company scaling utility-scale offshore wind in the same US Northeast markets as Vineyard Wind, with similar PPA structures and supply chain dependencies.
- Copenhagen Infrastructure Partners: 50% parent of Vineyard Wind LLC and one of the world's largest dedicated green energy investment managers. Directly comparable as the institutional capital partner underwriting Vineyard Wind's growth, with a portfolio of offshore wind projects across the US, Europe, and Asia-Pacific.
- Coastal Virginia Offshore Wind (Dominion Energy): Dominion Energy's 2.6 GW Coastal Virginia Offshore Wind project is the leading US offshore wind farm after Vineyard Wind, with the first turbines commissioned in late 2024. Directly comparable as a regulated-utility-owned offshore wind farm delivering clean energy under state procurement mandates on the US East Coast.
- Atlantic Shores Offshore Wind: Joint venture between Shell and EDF Renewables developing offshore wind projects off New Jersey. Directly comparable as a developer of utility-scale offshore wind in the same regional lease areas and target market as Vineyard Wind, navigating similar federal permitting and OEM supply chain dynamics.
- Avangrid Renewables: 50% parent of Vineyard Wind LLC and the US renewable energy arm of Iberdrola. Directly comparable as a US utility-scale renewable energy developer with onshore wind and solar assets, sharing operational, financing, and regulatory infrastructure with Vineyard Wind's offshore operations.
Emerging players
- Mayflower Wind: Shell-acquired offshore wind developer with Massachusetts lease area rights. Comparable as a competing offshore wind project in the same Massachusetts market pursuing similar utility PPAs and federal lease area authorization pathways as Vineyard Wind 1.
Others
- GE Vernova: Supplier of the 62 Haliade-X 13 MW turbines at the heart of Vineyard Wind 1 and currently the counterparty in a $545M damages lawsuit. Comparable as the dominant Western offshore wind OEM whose technology choices, manufacturing reliability, and warranty terms directly determine Vineyard Wind's operational and financial outcomes.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Vineyard Wind social profiles
Digital presenceVineyard Wind financial estimates
Financial estimateRevenue estimate
Valuation estimate
Vineyard Wind leadership team
Management profileNumber of profiles
Profiles4 records
Vineyard Wind subsidiaries and ownership
Company hierarchySubsidiaries1 record
Vineyard Wind funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Vineyard Wind M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Vineyard Wind
What does Vineyard Wind do?
Vineyard Wind operates America's first commercial-scale offshore wind farm (Vineyard Wind 1), an 806-megawatt project consisting of 62 GE Haliade-X 13 MW turbines located approximately 15 miles south of Martha's Vineyard, Massachusetts. The company sells electricity generated from this wind farm to Massachusetts utility companies under 20-year fixed-rate power purchase agreements at an average of $69.50 per megawatt-hour, supplying approximately 7% of Massachusetts' annual electricity needs.
Is Vineyard Wind a public or private company?
Vineyard Wind is a private company. It is classified as corporate owned and is currently operating.
When was Vineyard Wind founded?
Vineyard Wind was founded in 2017. It employs 11 to 50 people.
Where is Vineyard Wind based?
Vineyard Wind is headquartered in New Bedford, United States, in the North America region.
How does Vineyard Wind make money?
Two revenue lines are on record. Electricity Sales via Power Purchase Agreements are the primary driver. The others are offshore Wind Energy Generation.
Who are Vineyard Wind's main competitors?
Broad incumbents on record are Ørsted, Iberdrola and Eversource Energy. Direct peers are Equinor, Copenhagen Infrastructure Partners, Coastal Virginia Offshore Wind (Dominion Energy), Atlantic Shores Offshore Wind and Avangrid Renewables. Mayflower Wind is listed as an emerging player. GE Vernova is listed as an others.
Does Vineyard Wind have an API?
No public API is recorded for Vineyard Wind.
What industry is Vineyard Wind in?
Vineyard Wind's product category is Offshore Wind Energy Generation. Its primary akta.pro industry code is EUACAFAF, Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations), with a secondary code of EUACAFAC, Offshore Wind Power Generation (Floating). Its NAICS code is 221115 and its SIC code is 3621.