EDF Renewables & Shell form joint venture & invest in New Jersey offshore wind

EDF Renewables North America and Shell New Energies US LLC announced that the companies have formed a 50/50 joint venture, Atlantic Shores Offshore Wind, LLC to co-develop OCS-0499 lease area within the New Jersey Wind Energy Area (WEA). The lease area holds the potential to produce approximately 2,500 MW of offshore wind energy – enough to power close to one million homes.

This transaction is subject to regulatory approvals. Construction is subject to positive final investment decision.

The lease comprises 183,353 acres about eight miles off the coast of Atlantic City on the U.S. Outer Continental Shelf (OCS). The area offers strong and steady wind resources in relatively shallow water, close to large population centers with associated electricity demand.

“Shell has bold ambitions to grow our renewable power business and we see great potential in U.S. offshore wind,” said Dorine Bosman, VP Shell Wind Development. “Gaining access to this acreage in New Jersey complements our successful entry to Massachusetts and our existing renewable generation business. Building on the strength of our brand and global presence allows us to continue providing our customers with more and cleaner energy.” Continue reading “EDF Renewables & Shell form joint venture & invest in New Jersey offshore wind”

Europe is building more wind and solar — without any subsidies

The French electric utility Engie announced last week that it’s going to develop 300 megawatts of wind energy across nine wind farms in Spain, backed by $350 million (€300 million) in investment.

Here’s the key: It’s doing all this without government support. And it’s far from the only European energy company willing to make a bet like this.

In March, the Swedish power company Vattenfall announced it won its bid to build a 700 MW offshore wind farm in the Netherlands, which would make it the first nonsubsidized wind energy project in the land of windmills.

Over in Germany, in the country’s first competitive power auction last spring, the federal grid regulator accepted four bids for a total of 1,490 MW of offshore wind capacity in the North Sea, with an average subsidy rate of €0.44 per kilowatt-hour. That’s low. And why so low? Because one of the bidders, the Danish wind energy firm Dong (now Ørsted A/S), submitted a bid with a subsidy rate of zero. Continue reading “Europe is building more wind and solar — without any subsidies”

New York State Releases Master Plan for Offshore Wind Development

New York Governor Andrew Cuomo today released the New York State Offshore Wind Master Plan designed to guide the development of 2.4 GW of offshore wind by 2030. Governor Cuomo announced in his 2018 State of the State address that New York will issue solicitations in 2018 and in 2019 for a combined total of at least 800 MW of offshore wind power. 

Offshore wind is a component of the Governor’s mandate to generate 50 percent of the state’s electricity needs from renewable energy sources by 2030.

To launch the Governor’s directive to procure at least 800 MW of offshore wind, the New York State Energy Research and Development Authority has filed an Offshore Wind Policy Options Paper with the New York State Public Service Commission. In this paper, NYSERDA analyzes different options to contract for offshore wind projects in a cost-effective manner, which will drive timely project development.

The Governor also announced a $15 million commitment to train the local workforce for the jobs needed to build offshore wind and develop port infrastructure. As the next step, Cuomo is calling on NYSERDA to work with other necessary state agencies to ensure that labor standards, prevailing wage, or other measures are appropriately implemented to produce quality, well-paying clean energy jobs for New Yorkers. Continue reading “New York State Releases Master Plan for Offshore Wind Development”