RWE Renewables, one of the globally leading companies in offshore wind announced its success in the New York Bight offshore lease auction in the U.S. Through the joint venture ‘Bight Wind LLC’, RWE secured area OCS-A 0539 with a winning bid of $1.1 billion. The awarded seabed has the potential to host about 3 gigawatts (GW) of capacity, enough to power 1.1 million U.S. homes. The project is expected to be in operation by the end of the decade.

The auction consisted of six leases, a record in the U.S. for the most leases available in a single auction. Under the auction, format bidders were limited to winning one lease area only. A winning bid provides the rights to develop the lease area and to participate in upcoming New York state offtake auctions, the first of which is expected later this year.

The next step for RWE to fully meet requirements is to engage in community outreach with local tribes, the fishing industry and other ocean users; engage with the domestic supply chain to create new local jobs and private investments; and also enter into project labour agreements to pay labourers at prevailing wage rates.

“The award of the New York auction is an important step for us because it marks RWE’s entry into the American offshore wind market, one of our key strategic markets. Our success in this auction is an important step towards tripling our offshore wind capacity to 8 gigawatts by 2030 as part of our ‘Growing Green’ growth and investment program. We look forward to developing our first offshore wind project in the US and contributing to the region’s offshore development goals,” said Sven Utermöhlen, CEO Offshore Wind RWE Renewables.

Offshore wind will be critical for the U.S., particularly in the Northeast, to reduce the region’s carbon emissions and meet climate goals, including New York state’s target of bringing 9,000 MW of offshore wind online by 2035 and New Jersey’s target of delivering 7,500 MW of offshore wind by 2035. Importantly, the region’s clean energy goals will also deliver significant new jobs and private investment to support the growth of the region’s economy. 

Source: https://www.rwe.com/
Image source: Courtesy of RWE

Read more Wind energy news here