US company Foss Maritime is partnering with Cannon Street Holdings to develop a 12-hectare site for offshore wind at the Port of New Bedford in the US state of Massachusetts.
The site will undergo redevelopment over the next year and be renamed the New Bedford Foss Marine Terminal.
It is slated to open in March 2023.
The New Bedford Foss Marine Terminal will provide storage and laydown yards for equipment and materials, berth facilities for tug and barge operations, and host crew transfer and service operation vessels support services.
Andrew Saunders, local commercial offshore marine industry attorney with Cannon Street Holdings, will serve as president of the New Bedford Foss Marine Terminal.
Saunders said: “Today marks a big day for the Port of New Bedford and the City as a whole.
“The repurposing of this facility to support offshore wind has been a vision for many and it is great to see this project now begin to materialise.
“This day was the result of a lot of support from the many key local and state government stakeholders as well as industry stakeholders and we would not have gotten to this point without this support.
“Both Sprague and Eversource also helped greatly in bringing this day to reality. Thank you to all involved.”
Vineyard Wind chief executive Klaus Moeller said: “Foss’s investment in New Bedford is a great example of how the emerging offshore wind industry, led by the Vineyard Wind 1 project, can have a meaningful impact on the community.
“The agreement will not only expand Foss’s operations in Massachusetts, but also create opportunities for local residents.
“We’re proud to work with Foss and look forward to the positive effect their presence will have in the City of New Bedford.”