Dong Energy takes over a U.S. offshore wind development project
Denmark’s Dong Energy recently entered into an agreement with U.S. renewable energy company RES Americas Developments to take over an offshore wind energy development project off the coast of Massachusetts. The lease covers an area that could accommodate more than 1,000 MW of wind energy, according to the company’s press release.
Source: BOEM Dong Energy will be taking over OCS-A 500
RES originally purchased the lease through a commercial auction in the state of Massachusetts. Under the terms of the agreement, which still needs to be approved by the Bureau of Ocean Energy Management, Dong Energy will take over the lease and lead project development activities, with support from RES Americas. The lease area is about 293 square miles, and is located approximately 56 miles from shore with water depths ranging from 131 to164 feet.
Samuel Leupold, Executive Vice President of Wind Power, said: “The U.S. is an interesting market for offshore wind with the potential to become a significant area for future development.” Leupold went on to say that the condition of the land in the Massachusetts lease were similar to those that the company has operated in before, which will give the company an edge in developing the new project.
Dong Energy generates about 5 trillion watt hours (TWh) of energy through wind and hydro production. The company also has oil and gas assets, which averaged 115 MBOPD in 2014, 90% of which came from Norwegian fields and 10% from Danish fields.
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