DONG Energy Completes Acquisition of U.S. offshore wind development project in New Jersey – Announces "Ocean Wind"
DONG Energy has acquired RES Americas Developments Inc.'s (RES) more
than 1000MW development project rights off the coast of New Jersey
During today’s Bureau of Ocean Energy Management (BOEM) New Jersey
Renewable Energy Task Force Meeting held in Trenton, DONG Energy
announced that the company has taken over RES Americas Developments
Inc.’s (RES) more than 1000MW development project rights off the coast
of New Jersey.
The New Jersey lease area, which was acquired by RES during the offshore
wind auction held by BOEM on November 9, 2015, was legally taken over by
DONG Energy on May 11, 2016. RES Americas will continue to support the
development of the lease area as agreed with DONG Energy.
The New Jersey lease area, which the company has named Ocean Wind, has a
total size of 160,480 acres and is located approximately ten nautical
miles offshore and has the potential to accommodate more than 1000MW of
offshore wind, which could power 500,000 New Jersey homes.
The New Jersey lease is the second U.S. lease area for DONG Energy. The
acquisition of the company’s first U.S. lease area was approved by BOEM
in June 2015 along the coast of Massachusetts.
Thomas Brostrøm, General Manager of North America, Wind Power, said:
“DONG Energy’s entry into New Jersey is a great opportunity. As the
world leader of offshore wind development, we look forward to expanding
our profile in the U.S. and potentially building an industry.”
The information provided in this announcement does not change DONG
Energy’s previous financial guidance for the 2016 financial year.
Facts:
The New Jersey competitive lease auction was the U.S.' ninth
competitive lease sale for renewable energy in federal waters for
potential offshore wind energy development. Prior to the New Jersey
competitive lease auction, the Department of Interior's BOEM had awarded
nine commercial offshore wind leases, including seven through the
competitive lease sale process (two in an area offshore Rhode
Island-Massachusetts, another two offshore Massachusetts, two offshore
Maryland and one offshore Virginia). These lease sales have generated
about $14.5 million in winning bids for more than 700,000 acres in
federal waters.
About DONG Energy Massachusetts’ Project:
Bay State Wind is DONG Energy’s first project in the U.S. As Bay
State Wind, DONG Energy is proposing the construction and operation of a
utility scale offshore wind farm off the southern coast of Cape Cod. On
April 7, 2015, the Company secured newly assigned project development
rights to an ocean area south of Martha’s Vineyard, Massachusetts that
was made available for lease by the Bureau of Ocean Energy Management
(“BOEM”) in a competitive solicitation. With water depths between
130-165 feet, this site sits approximately 15 nautical miles from the
nearest landmass, Bay State Wind is proposing to use that site to build
a utility scale offshore wind farm with an installed capacity of up to
1000MW.
About DONG Energy:
DONG Energy is one of the leading energy groups in Northern Europe,
headquartered in Denmark. Around 6,700 ambitious employees are engaged
in exploring and producing oil and gas, developing, constructing and
operating offshore wind farms and power stations, and providing energy
to residential and business customers on a daily basis. Group revenue
was DKK 71bn (USD 10.6bn) in 2015. For further information, see www.dongenergy.com.
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