'Avangrid only lost our guarantees of $48 (million) and $16 million before taxes to terminate the respective contracts for Commonwealth Wind and Park City Wind - before making material investments in the projects,' a spokesperson from Avangrid said in an emailed statement.Īvangrid avoided billions in write-offs and preserved the significant value of its lease areas, the spokesperson said, adding the company still expects to deliver the first power from its Vineyard Wind 1 project in 2023. DIRECTIONS10218 Racetrack Road, Berlin, MD 21811. Get your FREE Rewards Card for Club Ocean today Skip to content (410) 641-0600. Ocean Winds is owned by units of Portuguese energy company EDP Energias de Portugal (EDP.LS) majority-owned EDP Renovaveis (EDPR.LS) and France's ENGIE (ENGIE.PA).Ĭommonwealth is a unit of Avangrid (AGR.N), which is majority owned by Spanish energy company Iberdrola (IBE.MC).Īvangrid also canceled a contract to sell power in Connecticut from its proposed 804-MW Park City offshore wind farm. Enjoy gaming at Ocean Downs Casino in Ocean City, MD like slots, table games, and poker.

SouthCoast is owned by units of Shell (SHEL.L), which will report earnings on Thursday, and Ocean Winds. In Massachusetts, two offshore wind developers, SouthCoast Wind and Commonwealth Wind, agreed to pay local utilities to terminate deals that would have delivered around 2,400 MW of energy. Orsted has a contract to sell power in New York from its 924-MW Sunrise Wind project off Rhode Island and Massachusetts.

Ocean down casino hotels