American-led project secures one of the largest leases awarded in the New York Bight auction.
Invenergy Wind Offshore LLC, led by project sponsors Invenergy and energyRe, was named provisional winner for an 83,976-acre area of seabed by the U.S. Bureau of Ocean Energy Management (BOEM).
The winning bid of $645 million secured lease OCS-A 0542, one of the largest awarded in the New York Bight offshore wind lease sale.
The project sponsors bring together decades of expertise in development, engineering, and construction of large-scale renewable generation projects.
Invenergy will serve as lead developer of the project.
A consortium of investors led by the sponsors and composed of Blackstone Infrastructure Partners (NYSE: BX), CDPQ, FirstLight Power, and Ullico Infrastructure Fund will provide funding for the project.
About Invenergy
Invenergy drives innovation in energy. Invenergy and its affiliated companies develop, own, and operate large-scale renewable and other clean energy generation and storage facilities in the Americas, Europe and Asia. Invenergy’s home office is located in Chicago, and it has regional development offices in the United States, Canada, Mexico, Spain, Japan, Poland, and Scotland.
Invenergy and its affiliated companies have successfully developed more than 30,000 megawatts of projects that are in operation, construction or contracted, including wind, solar, and natural gas power generation and advanced energy storage projects.
About energyRe
energyRe, LLC is a leading, independent clean energy company with offices in New York and Houston. energyRe is focused on solving complex challenges and providing clean energy solutions. The executive management team at energyRe is comprised of former executives of EDP Renewables, one of the most prolific developers of renewable energy in North America. The team has developed and built more than 8,800 MW of wind, solar and storage facilities in the United States, Canada, and Mexico. Other members of the team have expertise in infrastructure, engineering, and development, having led the development of $60 billion in projects – including Hudson Yards and the Deutsche Bank Center in New York City. energyRe’s founding investors include principals of Related Companies, the nation’s most prominent privately-owned real estate firm and one of the country’s largest creators and preservationists of affordable housing. energyRe is guided by the values of community engagement, government partnership, and a demonstrated commitment to sustainability.
FirstLight Power (FirstLight) is a leading clean power producer and energy storage company in New England with a portfolio that includes nearly 1,400 megawatts of pumped-hydro storage, battery storage, hydroelectric generation, and solar generation – the largest clean energy generation portfolio in New England today. Based in Burlington, MA, with operating offices in Northfield, MA and New Milford, CT, FirstLight provides stewardship of and recreational access to 14,000 acres of land and waters along the Connecticut, Housatonic, Shetucket, Still, and Quinebaug Rivers.
To learn more, visit www.firstlightpower.com.
Thoughts
It is good to see the partnering on this wind lease for new green energy production here in North America.
Wind energy offers many advantages, which explains why it’s one of the fastest-growing energy sources in the world.
Research efforts are aimed at addressing the challenges to greater use of wind energy, along with the safety of our wildlife and environment.
We look forward to seeing the success of this new green energy project and other projects like this one.
References:
Reference 1: prnewswire.com – invenergy and energyre secure offshore wind lease
Reference 2: boem.gov – renewable energy
Reference 3: energy.gov – advantages and challenges wind energy
Reference 4: windexchange.energy.gov – wind energy slideshows
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