After years of confidentiality, the host community agreement between Martha’s Vineyard towns and Vineyard Wind has been made public, revealing significant financial and community benefits for the island. The agreement, which covers the 800 MW Vineyard Wind 1 project, provides approximately $34.4 million in total benefits over the project’s 25-year lifespan, including $16 million for a community fund, $10 million for an offshore wind workforce training center, and $8.4 million in direct payments to the towns of Tisbury, Oak Bluffs, and Edgartown. The agreement also includes provisions for fisheries mitigation, with $19.3 million allocated to compensate commercial fishermen for potential impacts. Additional benefits include preferential hiring for island residents, a $1 million investment in marine studies, and commitments to use the Vineyard Haven port for operations and maintenance activities. The disclosure comes as the project nears completion, with 62 turbines installed and power generation expected to begin by late 2025. More information can be found here.
