Global Infrastructure Sherpa

Revolution Wind offshore wind project begins delivering power to New England grid

Type: Development · Technology: Offshore Wind · Country: United States · Capacity: 704 MW · Announced: 2026-03-14

Revolution Wind, a 704MW offshore wind energy project, began delivering power to New England's electric grid on March 14, 2026. The project, a 50/50 joint venture between Global Infrastructure Partners' Skyborn Renewables and Ørsted, is expected to supply enough electricity to power over 350,000 homes and businesses. Power will be delivered under fixed-price, 20-year agreements with energy utilities in Rhode Island and Connecticut. Once fully operational, the project is projected to save New England ratepayers as much as $500 million per year in wholesale energy costs.

Analysis

The Revolution Wind project, a 704MW offshore wind facility, began delivering power to the New England electric grid on March 14, 2026, marking a critical operational milestone for the region's energy transition. This 50/50 joint venture between Global Infrastructure Partners' Skyborn Renewables and Ørsted will supply electricity under fixed-price, 20-year agreements to energy utilities in Rhode Island and Connecticut. The long-term contracts provide revenue certainty for the project partners and insulate the offtakers from wholesale energy price volatility over two decades. Once fully operational, the project is projected to save New England ratepayers as much as $500 million per year in wholesale energy costs, a significant economic benefit for the region. This 704MW capacity is expected to power over 350,000 homes and businesses, directly contributing to regional decarbonization goals. Ørsted, a Danish multinational power company and global leader in offshore wind, reinforces its substantial development and operational track record with this 50% stake in Revolution Wind in the United States. For Global Infrastructure Partners' Skyborn Renewables, their equal partnership secures a long-term, operating asset generating contracted cash flows within a key North American market. Rhode Island Energy, a PPL Corporation subsidiary serving over 770,000 customers across Rhode Island, and Eversource Energy, providing service to approximately 4.4 million customers across Connecticut, Massachusetts, and New Hampshire, are the primary offtakers. These utilities secure a stable, clean energy supply for their extensive customer bases, supporting grid modernization efforts and meeting regional power demands. The successful grid integration of this 704MW project in New England demonstrates the continued maturation of large-scale offshore wind infrastructure in the U.S. power landscape.

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