Offshore Wind JV Partially Owned By Parent Of Retail Supplier Entering U.S. Market
November 10, 2020 Email This Story Copyright 2010-20 EnergyChoiceMatters.com
Reporting by Paul Ring • email@example.com
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EDP Renewables and ENGIE announced that their 50:50 Ocean Winds (OW) joint venture, which combined their existing and planned offshore wind efforts, is entering the U.S. markets, through OW North America
Ocean Winds had been initially launched in Europe
OW North America is a 50 percent owner of Mayflower Wind, a company which was successful in a state-sponsored competitive auction which resulted in contracts to deliver 804 Megawatts (MW) of offshore wind energy to the Massachusetts utilities and their customers by the middle of this decade. Mayflower Wind’s federal lease area, awarded in December 2018, has the potential to reach over 1600 MW.
In addition, OW North America is a partner in the Redwood Coast floating offshore wind project, building on its experience developing floating projects in Europe, in particular Windfloat Atlantic – a fully operational floating offshore wind farm that is supplying energy to the electricity customers of Portugal. OW will fill EDPR’s role in the Redwood Coast public-private consortium committed to developing an offshore wind project utilizing floating platform technology off the coast of Humboldt County in Northern California. The project’s customers will include consortium member Redwood Coast Energy Authority, a community choice aggregator established by local governments in Humboldt County.
"Regulators around the world, including U.S. authorities, have approved the merger of EDPR and ENGIE’s offshore wind businesses allowing OW to begin life with 5.5 GW of committed offshore assets starting with a total of 1.5 GW under construction and 4.0 GW under development, with the target of reaching 5 to 7 GW of projects in operation or under construction and 5 to 10 GW under advanced development by the middle of this decade," the companies said