Shell joint venture Atlantic Shores wins acreage in New York Bight, expanding offshore wind market share – EQ Mag Pro
Atlantic Shores Offshore Wind Bight, LLC, the bidding entity representing Atlantic Shores Offshore Wind (Atlantic Shores), a 50-50 joint venture between Shell New Energies US LLC (Shell) and EDF-RE Offshore Development, LLC (EDF), is the provisional winner of block OCS-0541 in the New York Bight offshore wind auction.
This area, subject to a future investment decision, could support approximately 1.5 gigawatts (GW) of commercial wind generation, enough to power nearly 700,000 New York and New Jersey homes.
“This win considerably expands Shell’s offshore wind renewable power generation capacity in the United States,” said Wael Sawan, Integrated Gas and Renewables & Energy Solutions Director. “By growing our portfolio and deepening our power synergies in the New York and New Jersey markets, we will help scale our own low-carbon ambitions while providing cleaner energy options the world needs.”
With today’s announcement, along with a 2018 agreement to develop additional acreage in the New Jersey Wind Energy Area, Atlantic Shores could now potentially deliver more than 4.5 GW of clean energy in the northeastern United States, providing power to over 3.1 million homes across New York and New Jersey.
Shell’s target is to be a net-zero emissions energy business by 2050, in step with society. As part of the effort to meet its targets, Shell is progressing its wind business by building on decades of legacy offshore experience and leveraging operational excellence, including safety and cost-efficiency, with positive community and regulatory relationships.
