RWE, National Grid name US offshore wind JV

The 630-MW London Array Offshore Wind Farm. Image by RWE AG.

March 9 (Renewables Now) - RWE Renewables and National Grid Plc (NYSE:NGG) today named their US offshore wind developing joint venture Community Offshore Wind, reiterating they plan to deliver a multi-gigawatt project in the New York Bight toward the end of the decade.

The renewables unit of German energy major RWE AG (ETR:RWE) previously announced that its joint venture Bight Wind LLC had won the largest lease area (OCS-A 0539) in the New York Bight auction with a bid of USD 1.1 billion (EUR 0.997).

The RWE unit said that the secured area has the potential to host 3 GW of offshore wind power generating capacity, which would be enough to supply 1.1 million US households.

The partnership between RWE and National Grid will utilise the German company’s experience across the entire value chain associated with the offshore wind segment and the utility’s local expertise in the Northeast and its experience developing large-scale infrastructure projects across the US and UK.

RWE recently completed the installation of all turbines for the 857-MW Triton Knoll wind farm off the English Coast and is currently building the 342-MW Kaskasi wind park off the German island Heligoland and the 1.4-GW Sofia complex.

(USD 1.0 = EUR 0.906)

Join Renewables Now's free daily newsletter now!

More stories to explore
Share this story
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription