EDPR and ENGIE launch new offshore wind company, Ocean Winds –

EDP Renewables and ENGIE announced
that they have combined their existing and planned offshore wind efforts to
form a new company, Ocean Winds (OW). After launching OW in Europe, the
two companies are now unveiling the U.S. arm of the new company: OW North
America.

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, with 1.5 GW of projects under construction and 4.0 GW under
development. They have a target of reaching 5 to 7 GW of projects in operation
or under construction and 5 to 10 GW under advanced development by 2025.

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 clean affordable 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.  

“OW will be a major element in creating the new clean, sustainable, and prosperous economy that Americans are demanding and OW North America can help to build that future” said OW CEO Spyros Martinis, adding, “OW North America from Day One is in the business of developing and delivering real offshore wind projects.”