United States

United States

Vineyard Wind names new CEO

UNITED STATES: The company aiming to build the first utility-scale offshore wind farm off the coast of Massachusetts has named Lars Thaaning Pedersen as its new CEO.

Vineyard Wind will be built 22km off the coast of Martha's Vineyard (pic: M01229 / Flickr)
Vineyard Wind will be built 22km off the coast of Martha's Vineyard (pic: M01229 / Flickr)

Pedersen becomes Vineyard Wind’s chief executive, replacing Erich Stephens, who is the developer’s new chief development officer.

Iain Henderson, the former head of regulated transactions at Iberdrola subsidiary ScottishPower Renewables, also joins the company as its chief financial officer.

Vineyard Win, a 1GW project located 22 kilometres south of Martha’s Vineyard, is being developed by a joint venture between Copenhagen Infrastructure Partners’ (CIP) and another Iberdrola subsidiary, Avangrid Renewables.

Pedersen had previously spent nine years at Danish developers Dong Energy, overseeing the development and operations of more than ten European offshore projects.

More recently, he had served as co-CEO of Copenhagen Offshore Partners’, the offshore wind development arm of CIP.

Stephens, Vineyard Wind’s former CEO, will continue focussing on the pre-construction development of the project, the company said.

Project owners CIP and Avangrid said the leadership reshuffle was part of a "long-planned evolution" involving "bolstering the team with industry experts with a long track record of successfully constructing and operating projects in Europe".

OffshoreMW, rebranded as Vineyard Wind following the takeover by CIP in August 2016, won the lease to the 675-square-kilometre site in January 2015 through a federal auction

Vineyard Wind plans to build a 1GW wind farm there.

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