San Diego - The French company EDF Renewable, specialized in the developing and building of renewable energy plants, and the “new energy” division of Shell have announced that they have formed a 50/50 joint venture, Atlantic Shores Offshore Wind, to develop a lease area within the New Jersey Wind Energy Area (WEA).
The lease area, write the two companies in a statement, holds the potential to produce approximately 2,500 megawatts (MW) of offshore wind energy – enough to power close to one million homes. This transaction is subject to regulatory approvals. Construction is subject to positive final investment decision.
“The opportunity supports the EDF Group’s aim to double global renewable capacity to 50 gigawatts by 2030. It solidifies EDF Renewables’ ambitions to leverage its depth of experience in the European offshore wind market in the emerging U.S. market,” commented Tristan Grimbert, President & CEO of EDF Renewables North America.