Economic Benefits

SouthCoast Wind will have a continuous, long-term impact on job creation and economic opportunities in Massachusetts:

Over $115 million in cost-effective and comprehensive investments in the SouthCoast and Upper Cape regions to support a durable, growing offshore wind industry, with particular focus on historically disadvantaged communities:

  • Over 14,000 good-paying new jobs and supply chain growth across all phases—development, construction, and operations
  • Construction of the landfall, underground cabling, and onshore substations will create demand for a variety of qualified local contractors with spillover to local retail and hospitality businesses
  • At least 75% of operations and maintenance jobs will be locally-based
  • Substantial revenue generated at all levels of government through taxes and other payments:
    • The United States government has received $135 million for the federal offshore lease payment
    • Nearly $2.5 billion in anticipated total economic benefit to the Commonwealth, according to the Massachusetts Department of Energy Resources
    • Municipalities in the SouthCoast and Upper Cape regions will benefit from increased business activity, taxes, and other revenue

The project will reduce harmful air pollutants by millions of tons annually at a stable, fixed price:

  • Lowest cost offshore wind energy ever in the US, as selected by the Commonwealth of Massachusetts’ Section 83C II solicitation
  • Over $2 billion in residential and business ratepayer savings over the project’s lifetime, according the Massachusetts Department of Energy Resources
  • Energy cost savings help reduce the energy burden of low-income ratepayers

We are building efforts to foster diversity, equity, and inclusion into all our endeavors.

Economic Development Investment Partners