Annual Report Year 2 | Vineyard Wind 1 Impact on Jobs and Economic Output

Vineyard Wind’s Offshore Wind Development and Reporting Agreement executed with the Massachusetts Department of Energy Resources (MA DOER) requires Vineyard Wind to deliver written annual progress reports that summarize the company’s progress in achieving the goals set forth in Section 1 of the Agreement. Accordingly, this analysis utilizes job and expenditure data collected from 2017 through September 2023 to measure Vineyard Wind’s progress in meeting the requirements outlined in the Agreement.

This is the second annual report. The Year 1 annual report focused on Development phase activities from 2017 to 2021 and a partial-year analysis on Construction phase activities. The report also measured the extent to which the reported results align with the job and economic output estimates conducted by UMass Dartmouth’s Public Policy Center in 2017. Importantly, the Construction phase is not complete.

The 2017 estimates were designed to gauge the economic impact of the complete construction phase of the project including economically meaningful project activities that are expected in 2024. Given that project phases span reporting years, the data contained in this report document the impact of project related construction activities through September 2023 only.

The current Year 2 report is focused on Construction activities that occurred over a two-year period:

• Year 1: October 2021 to September 2022
• Year 2: October 2022 to September 2023