AGR - Vineyard Wind project nears final approval - Bloomberg

The Biden administration is nearing final approval of Vineyard Wind's $2.8B offshore wind farm planned near the coast of Massachusetts, Bloomberg reports.The Bureau of Ocean Energy Management is set to publish a favorable final environmental review of the project on Monday, according to the report, which would set the stage for a likely formal authorization in April.The 800 MW project, a joint venture of Avangrid (AGR) and Copenhagen Infrastructure Partners, would become the first major offshore wind farm in federal waters and have enough capacity to supply ~400K homes.ETFs: [[ICLN]], [[PBW]], [[QCLN]], [[ACES]], [[PBD]], [[FAN]], [[CNRG]], [[SMOG]]The Biden administration restarted permitting last month for the Vineyard Wind project, reversing a Trump administration decision that canceled the process late last year.

For further details see:

Vineyard Wind project nears final approval - Bloomberg