Windpower Engineering & Development

  • Home
  • Articles
    • Wind Power Blogs
    • Turbine design
      • Components
        • Bearings
        • Coatings & materials
        • Couplings
        • Hydraulics
        • Lubricants
        • Manufacturing
        • Nacelle
        • Blades
        • Seals & slip rings
      • Electrical systems
        • Cables & connectors
        • Encoders
        • Obstruction lighting
        • Energy storage
        • Transformers
      • Testing
    • Construction
      • Maintenance & operations
  • Resources
    • Wind Farm Map
    • Wind Turbine Selector Tool
    • Wind Power Videos
  • Webinars
  • Podcasts
  • Suppliers
  • Leadership
    • 2017 Winners
    • 2016 Winners
  • Subscribe
    • Subscribe to Windpower Engineering & Development
    • Enewsletter Subscription
  • Digital issues

US Wind to sell its New Jersey offshore lease to EDF Renewables

By Michelle Froese | December 20, 2018

US Wind, Inc., the Baltimore-based subsidiary of the Italian Toto Holding Group, has finalized an agreement with EDF Renewables North America, a subsidiary of French Multinational Group EDF, that has resulted in the sale of its lease to develop up to 2,500 megawatts of energy roughly seven miles off the coast of Atlantic City on the Outer Continental Shelf.

US Wind agrees to sell its lease to develop up to 2,500 MW of energy, roughly seven miles off the coast of Atlantic City on the Outer Continental Shelf. to EDF Renewables.

US Wind has agreed to sell its lease to develop up to 2,500 MW of energy, roughly seven miles off the coast of Atlantic City on the Outer Continental Shelf. to EDF Renewables.

EDF Renewables currently holds the lease for the North Lease Area of the New Jersey Wind Energy Area (WEA), which is comprised of 183,353 acres. US Wind’s New Jersey lease, secured in 2015, encompasses approximately 750 square kilometers within the New Jersey Wind Energy Area. EDF Renewables will pay US Wind a total of $215 million, plus a deferred variable payment.

“US Wind is a recognized leader in the fast-developing offshore wind energy sector in the United States and we remain fully committed to realizing the many significant benefits of our Maryland offshore wind energy project – eventually the largest commercial offshore wind project in the country,” said US Wind President Riccardo Toto. “The sale of our New Jersey lease is consistent with our strategy to develop and optimize our assets while focusing on those projects that enhance our leadership position.”

The US Wind Maryland project, expected to be operational in 2022, will involve the installation of 32 wind turbines – 17 miles off the coast of Ocean City – that will eventually produce 268 MW of offshore wind energy, an amount sufficient to provide 76,000 Maryland homes with clean, renewable energy.

It is anticipated that the US Wind project will result in the creation of approximately 7,000 direct and indirect jobs and represent an in-state investment of nearly $1.5 billion. Additionally, US Wind is the sole developer of interest for a significant offshore Wind Energy Area in South Carolina that will eventually result in the development of a wind farm with up to 6 gigawatts in nameplate capacity.

The process to bring offshore wind to Maryland formally began in 2010 when the federal Bureau of Ocean Energy Management (BOEM) began a four-year stakeholder engagement process to determine the final location of the Maryland WEA. The Maryland Offshore Wind Energy Act was signed into law in 2013, paving the way for the public bidding process that led to US Wind initiating this new offshore wind energy sector in the state.

You may also like:

  • EDF Renewables and Shell believe a project could be operational off New Jersey by the mid-2020s, subject to a final investment decision.
    EDF Renewables & Shell form joint venture & invest in…
  • In denying the long-embattled Nautilus project, originally proposed in 2009 under Fishermen’s Energy, the NJPU argues that the demo does not demonstrate the economic and environmental benefits required under the Offshore Wind Economic Development Act (OWEDA) for the state to commit ratepayer funds.
    New Jersey Board approves offshore wind certificate funding, denies Nautilus…
  • New Jersey seal
    New Jersey advances offshore wind efforts
  • Equinor has also announced plans to open a New Jersey office in the near future. The office will serve to coordinate the company’s development and research efforts in the state.
    Equinor names New Jersey offshore development ‘Boardwalk Wind’

About The Author

Michelle Froese

Tell Us What You Think! Cancel reply

Related Articles Read More >

Electrical safety -- chart
The top 10 electrical safety mistakes
No checkmark
Maine’s new Governor ends wind moratorium
Battery Council International Collins
Is energy storage the future of renewable energy?
Offshore wind farm
Vineyard Wind submits offshore wind proposal in New York for up to 1,200 MW

Wind Talk Podcasts

WindTalk

Windpower Editor Michelle Froese interviews the industry's biggest newsmakers and allows them to tell their stories.

Listen Now

Windpower Engineering & Development Digital Edition

Digital Edition

Browse the most current issue of Windpower Engineering & Development and back issues in an easy to use high quality format. Clip, share and download with the leading wind power engineering magazine today.

Webinars
Windpower Engineering & Development
  • Wind Articles
  • Subscribe to Windpower Engineering
  • Advertising
  • Privacy Policy
  • Site Map
  • Meet our Team
  • Windpower Engineering & Development Network

Copyright © 2019 WTWH Media, LLC. All Rights Reserved. Site Map | Privacy Policy | RSS

Search Windpower Power Engineering & Development

  • Home
  • Articles
    • Wind Power Blogs
    • Turbine design
      • Components
        • Bearings
        • Coatings & materials
        • Couplings
        • Hydraulics
        • Lubricants
        • Manufacturing
        • Nacelle
        • Blades
        • Seals & slip rings
      • Electrical systems
        • Cables & connectors
        • Encoders
        • Obstruction lighting
        • Energy storage
        • Transformers
      • Testing
    • Construction
      • Maintenance & operations
  • Resources
    • Wind Farm Map
    • Wind Turbine Selector Tool
    • Wind Power Videos
  • Webinars
  • Podcasts
  • Suppliers
  • Leadership
    • 2017 Winners
    • 2016 Winners
  • Subscribe
    • Subscribe to Windpower Engineering & Development
    • Enewsletter Subscription
  • Digital issues