Avangrid announced late Monday that it will terminate its power-purchase agreements for Park City Wind, an 804-megawatt offshore wind project in Bridgeport. The offshore wind farm, expected to supply about 14% of Connecticut’s electricity, is seen as pivotal to the state reaching its zero-carbon grid mandate by 2040. It was at one time expected to begin operations between 2025 to 2027. According to filings with the Public Utilities Regulatory Authority, Avangrid will pay termination fees of $3.15 million to United Illuminating and $12.92 million to Eversource. Avangrid has asked for PURA’s approval to terminate the PPAs. Avangrid still owns the development rights for the project, a spokesman said Tuesday morning.
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