Iberdrola-controlled Avangrid affirmed its commitment to its 1.2GW Commonwealth Wind project on Monday, bowing to demands by regulators in the US state of Massachusetts but insisting that already-signed power deals are not financially viable under current economic circumstances and need to be amended.

In a late day reply, Avangrid requested the US state “should not dismiss the proceedings as to the power purchase agreements (PPAs) between Commonwealth Wind and the Massachusetts electric distribution companies”, which would have voided the contracts under an extended deadline set by officials.