The Coastal Resources Management Council approved Vineyard Wind’s application for an 84 turbine project

Vineyard Wind’s project to create a wind farm off the coast of Martha’s Vineyard was approved unanimously by the Coastal Resources Management Council at Tuesday night’s meeting.

Vineyard Wind CEO Lars Pederson said in a statement, «We thank the members of the CRMC, the Fisheries Advisory Board, and other fishermen for working with us to develop a package that will allow the offshore wind and fisheries industries to share the ocean resources and grow together.»

The $2 billion wind farm will be put up in the water 14 miles from Martha’s Vineyard.

The Fishermen’s Advisory Board accepted the proposed roughly $16 million in payments, as well as a trust fund that will be controlled by fishermen from Vineyard Wind to help mitigate potential impacts of the project.