Economic Benefits

How will this project affect my electric bill?

The Massachusetts Department of Energy Resources calculated that, over the life of the project Mayflower Wind will provide an average of 2.4 cents per kWh of savings to Massachusetts ratepayers (over $2 billion in savings). Due to newly enacted federal investment tax credits, customers of Massachusetts utilities can expect to save an additional half a billion dollars. Wind power stabilizes consumers’ electricity rates. Due to its lack of fuel cost, wind power protects consumers from volatility in the price of natural gas by offering a fixed low price over 20 years.

How will the project benefit Falmouth?

Falmouth will benefit from hosting a major clean energy infrastructure project through additional revenue, local construction jobs, and business activity. A Host Community Agreement is an essential tool for providing revenue to the Town with payments during operations. Payments may support local-driven initiatives, such as coastal resiliency, energy efficiency, and other priorities, as determined by the Town. Construction of the landfall, underground cabling, and onshore substation will create demand for a variety of qualified contractors and local retail businesses.

Mayflower Wind looks forward to being a long-term member of the Falmouth community and an active participant in activities such as local school STEM, renewable energy education programs, and workforce training.

How many jobs will the project create?

Over 10,000 jobs in Massachusetts throughout the life of the project. The project has committed to ensure that at least 75% of all operations and maintenance jobs are from the local workforce.

What is the project’s overall economic impact in Massachusetts?

Nearly $2.5 billion in total economic benefit to the Commonwealth, according to the Massachusetts Department of Energy Resources.

What supply chain opportunities are there for local contractors and suppliers during development, construction, and operation of the project?

Offshore wind is a rapidly developing industry, where supply chain contractors are actively seeking opportunities to enter the U.S. market or expand existing U.S. operations into offshore wind services. While Mayflower Wind is committed to local sourcing as much as possible, the project is designed within the limits of the current domestic supply chain and the respective roles of market participants, including original equipment manufacturers (OEMs) and engineering, procurement, construction, and installation (EPCI) service firm.

The near–term supply for many of the largest and components—including export cables, substations, gearboxes and generators− are largely served by European firms. The opportunity for suppliers to enter the U.S. offshore wind market is highest in foundations/substructures, towers, blade materials, and power converters and transformers. Potential areas for local contractors could include surveys, port operations, vessel operators, safety and training, blade repair, foundation and cable inspection and repair, among others.

We encourage interested contractors and suppliers to contact us.

Does the project have any agreements with organized labor?

Mayflower Wind does not have any project labor agreements in place. Organized labor can be expected to play a key role in the offshore wind workforce development pipeline due to the heavy presence of skilled trade labor in the local market. Trade organizations and labor unions also play an important role in training to prepare new workers to enter offshore wind-related occupations.

What commitments has the project made to support investments in ports and infrastructure, workforce development, scientific research and innovation in Massachusetts?

Mayflower Wind has committed to invest $77 million in initiatives that will help make the Commonwealth a hub for offshore wind energy, including:

  • $35 million: port upgrades and infrastructure improvements
  • $15 million: innovative technologies and applied research
  • $5 million:  workforce training and development
  • $10 million:  direct marine science
  • $7.5 million:  operations and maintenance (O&M) port upgrades

These commitments were made as part of Mayflower Wind’s winning bid and power purchase agreements with Massachusetts electric distribution companies under the Commonwealth’s Section 83C II solicitation.