RWE and National Grid form New York auction alliance

By: Tom Russell

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20/05/2021 RWE
RWE Renewables and National Grid have announced the signing of a partnership agreement to jointly develop offshore wind projects in the coastal region of the Northeast United States.

Under this agreement, RWE and National Grid Ventures, the non-regulated division of National Grid, will be working together to explore opportunities in the U.S. offshore wind market. This includes an intention to jointly bid in the upcoming New York Bight seabed lease auction.

“Our partnership with National Grid represents an exciting milestone for RWE to further grow our renewable energy business in the U.S.,” said Sven Utermöhlen, Chief Operating Officer Offshore Wind Global of RWE Renewables. “While we are an established presence in the U.S. with our onshore wind, solar and storage activities, this partnership will support RWE’s plans to realize a sizeable position in the offshore wind space. We look forward to working with National Grid to advance the clean energy transition in the U.S.”

“We’re very pleased to partner with RWE as we take our first steps towards developing offshore wind projects in the Northeast U.S.,” said Cordi O’Hara, incoming President of National Grid Ventures. “This partnership further solidifies National Grid’s role in advancing a clean, fair and affordable energy future and will also complement our growing onshore renewables business, which includes a strong pipeline of solar, wind and battery storage projects across the country.”

RWE is one of the world’s leading companies in offshore wind, active across the entire value chain, from project conception and development to construction as well as operation and maintenance. Currently, the company is constructing the 857 MW Triton Knoll offshore wind farm off the English Coast. In March it announced that it had taken the made the Financial Investment Decision on its 1.4 GW Sofia offshore wind project. The 100% RWE-owned project represents a total investment of approximately £3 billion.

National Grid will bring experience developing large-scale infrastructure projects, including subsea cable capabilities from its portfolio of interconnectors that facilitate the transfer of renewable energy between the UK and Europe.

About the Author

4C Offshore | Tom Russell
Tom Russell

01502 307037 Tom.Russell@4coffshore.net
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