Anbaric Development Partners (ADP) has gained approval from the Federal Energy Regulatory Commission (FERC) for the right to allow the clean energy company to develop a shared transmission system to enable Massachusetts to fully harness the potential of offshore wind power.
The FERC decision grants authority to solicit customers and sell transmission rights to a 2,000 to 2,400MW offshore wind transmission system in southern New England called the “Massachusetts Ocean Grid.” FERC’s approval of the application allows ADP to offer its backbone transmission system to offshore wind developers that currently hold federal leases as well as future lease holders who are likely to emerge. The first leg of the Massachusetts Ocean Grid is projected to be in place by December 2021 with the full system operating by 2025. Anbaric Development Partners was formed in March 2017 by Anbaric, a Massachusetts-based company, and the Ontario Teachers’ Pension Plan Board.
