Mayflower Wind has changed its name to SouthCoast Wind Energy to better reflect, said the company in a press release, its “commitment to the people, businesses and communities of the SouthCoast, all of whom will benefit from the growing offshore wind industry.”
The company, a 50/50 joint venture of Shell New Energies US and Ocean Winds North America, is developing a wind energy project offshore Massachusetts that will generate over 2,400 megawatts.
Under its previous name, the company has recently said, like Avangrid, that current economic conditions will make it difficult to finance its project given the power purchase agreements it signed last spring with local electric distribution companies. Unlike Avangrid, however, SouthCoast has not sought to terminate its contracts, but has said it remains committed to the project.
