EDP Renováveis awarded lease area to develop offshore wind project in the US
Located 38 miles off the coast of New York and 53 miles off the coast of New Jersey, the area awarded to OW East is estimated to have a capacity of up to 1.7 GW.
EDP Renováveis announced this Sunday that the Ocean Winds East consortium, of which it is part, won the exclusive rights to develop an offshore wind project of up to 1.7 gigawatts (GW) in the United States.
In a statement sent to CMVM, EDP Renováveis informs that “OW Ocean Winds East, LLC (“OW East”), a joint venture company 50:50 owned by Ocean Winds (“OW”, the 50:50 Offshore JV owned by EDPR and Engie), and by Global Infrastructure Partners (“GIP”), was named the winning bidder of a 71,522- acre or 289.4 km2 area (OCS-A 0537) lease off the coast of New York/New Jersey.”
“The lease area was awarded in an auction of six offshore sites by the US Bureau of Ocean Energy Management (BOEM)’s ‘New York Bight’ program,” the document reads. Located 38 miles off the coast of New York and 53 miles off the coast of New Jersey, the area awarded to OW East is estimated to have a capacity of up to 1.7 GW. OW East will pay $765 million (about €682 million) for the rights, a price set by the auction process.
The US represents “one of the most promising offshore wind markets with a wind offshore target of 30 GW by 2030, which would create nearly 80,000 jobs”, says the company.
“With this announcement, EDP, through its associated company OW, increases its visibility on growth in wind offshore gross capacity already operating, contracted or with grid connection rights granted to 11 GW, thereby enhancing and diversifying EDP’s long-term profitable growth options while maintaining a balanced risk profile,” it adds.
