US real estate developer Commercial Development Company (CDC) is to buy the retired Brayton Point power station in Massachusetts from Dynegy and could develop the site into a hub for offshore wind.
Dynegy and CDC are currently under contract to transfer ownership of the site, which, following a final due diligence period, should happen by mid-December.
CDC said the 307-acre site could “represent a unique opportunity to advance the offshore wind energy sector due to its pre-existing access to the regional transmission grid”.
In addition, the site is close to proposed offshore wind tracts, has deep water port potential and access to a highly skilled workforce in the New England area, the company said.
Image: Brayton Point power station (CDC)
US realtor ponders offshore hub
Retired Brayton Point power station site could become port for sector
By EBS