US renewables giant Avangrid released a report touting up to $4.8bn in economic impacts from its 2.6GW Kitty Hawk project that remains without offtake as Virginia regulators mull opening offshore wind procurement to market competition.
“Kitty Hawk Wind is a transformational opportunity for Virginia and offers significant economic benefit to the City of Virginia Beach and the entire Hampton Roads region,” said Avangrid CEO Pedro Azagra.
