November 09, 2020 – Boston, MA EDP Renewables and ENGIE have combined their existing and planned offshore wind efforts to form a new company, Ocean Winds (OW), that is one of the largest “pure” offshore wind development enterprises in the world.

 

EDP Renewables and ENGIE have combined their existing and planned offshore wind efforts to form a new company, Ocean Winds (OW), that is one of the largest “pure” offshore wind development enterprises in the world.  

After launching OW in Europe, EDP Renewables and ENGIE are now unveiling the U.S. arm of this new company: OW North America.

“OW will be a major element in creating the new clean, sustainable, and prosperous economy that Americans are demanding and OW North America can help to build that future” said OW CEO Spyros Martinis, adding, “OW North America from Day One is in the business of developing and delivering real offshore wind projects.”  

Regulators around the world, including U.S. authorities, have approved the merger of EDPR and ENGIE’s offshore wind businesses allowing OW to begin life with 5.5 GW of committed offshore assets starting with a total of 1.5 GW under construction and 4.0 GW under development, with the target of reaching 5 to 7 GW of projects in operation or under construction and 5 to 10 GW under advanced development by the middle of this decade. 

OW North America starts its life in a strong position in the highly attractive US renewable energy market on both the East and West Coasts. 

OW North America is a 50 percent owner of Mayflower Wind, a company which was successful in a state-sponsored competive auction which resulted in contracts to deliver 804 Megawatts (MW) of offshore wind energy to the Massachusetts utilities and their customers by the middle of this decade.  Mayflower Wind’s federal lease area, awarded in December 2018, has the potential to reach over 1600 MW. In addition, OW North America is a partner in the Redwood Coast floating offshore wind project, building on its experience developing floating projects in Europe, in particular Windfloat Atlantic – a fully operational floating offshore wind farm that is supplying clean affordable energy to the electricity customers of Portugal. OW will fill EDPR’s role in the Redwood Coast public-private consortium committed to developing an offshore wind project utilizing floating platform technology off the coast of Humboldt County in Northern California. The project’s customers will include consortium member Redwood Coast Energy Authority, a community choice aggregator established by local governments in Humboldt County.   

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About OW 

OW is a 50:50 offshore wind joint-venture, owned and created by EDPR and ENGIE in 2019. Both companies believe that offshore wind energy is becoming an essential part of the global energy transition, leading to the sector’s rapid growth and increased competitiveness. That is why they have included all their existing and pipeline offshore portfolio in the new company. 

OW has a strategic advantage and is well positioned to play a leading role in the offshore market. EDPR and ENGIE are combining their offshore wind assets and project pipeline in OW, starting with a total of 1.5 GW under construction and 4.0 GW under development, with the target of reaching 5 to 7 GW of projects in operation or under construction and 5 to 10 GW under advanced development by 2025. OW primarily targets markets in Europe, the United States and selected geographies in Asia, from where most of the growth is expected to come.
 

About EDP Renewables (EDPR) 

EDP Renováveis (Euronext: EDPR) is a global leader in the renewable energy sector and the world’s fourth-largest wind energy producer. With a sound development pipeline, first class assets and market-leading operating capacity, EDPR has undergone exceptional development in recent years and is currently present in 14 international markets (Belgium, Brazil, Canada, Colombia, France, Greece, Italy, Mexico, Poland, Portugal, Romania, Spain, the UK and the US).

EDPR is committed to furthering social advances in terms of sustainability and integration. This is reflected by the inclusion of the company in the Bloomberg Gender Equality index and the fact that it has been certified as a Top Employer 2020 in Europe (Spain, Italy, France, Romania, Portugal and the United Kingdom), both of which recognize its employee-driven policies.

EDPR entered US market in 2007. Since then, EDPR more than doubled its wind-power production, making it one of the world’s largest producers. The US is EDPR’s biggest market in terms of installed capacity and production. EDPR North America is based in Houston, Texas, and maintains offices and wind farms across the United States. The American platform has seen rapid growth since 2007, operating approximately 7.2 GW

Energias de Portugal, S.A. (“EDP”), the principal shareholder of EDPR, is a global energy company and a leader in value creation, innovation and sustainability. EDP has featured on the Dow Jones Sustainability Index for 13 consecutive years.
 

About ENGIE 
Our group is a global reference in low-carbon energy and services. Our purpose (“raison d’être”) is to act to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions, reconciling economic performance with a positive impact on people and the planet. We rely on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers. With our 170,000 employees, our customers, partners and stakeholders, we are a community of Imaginative Builders, committed every day to more harmonious progress.  

ENGIE offers a range of capabilities in North America. These include comprehensive services to help customers run their facilities more efficiently and optimize energy and other resource use and expense; a renewables business that includes, grid scale wind and solar as well as distributed resources and energy storage; and retail energy supply. Nearly 100% of the company’s power generation portfolio is low carbon or renewable (at the end of 2020, ENGIE will have around 2.5 GW renewable capacity in the US). 

Turnover in 2019: 60.1 billion Euros. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris – World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance). 

June 18, 2019 – Houston, TX – ENGIE North America Inc. announced today it has started commercial operation at its Seymour Hills Wind Farm Project, located in Baylor County, Texas. With a total capacity of approximately 30 MW, the Seymour Hills Wind Project is providing the renewable energy it generates to corporate customers, Ingersoll Rand (NYSE: IR) and Akamai Technologies, Inc. (NASDAQ: AKAM), each under a separate power purchase agreement.

 

Seymour Hills features 12 General Electric 2.52 MW turbines with 127-meter rotors and was constructed by Blattner Energy, Inc. The total capital investment for the wind farm is more than $50 million, and the project employed nearly 150 people during the height of construction activity. The wind farm has already generated significant economic development in the local area and will continue to do so over the life of the project with millions of dollars in annual payments to landowners and to local taxing authorities.

Seymour Hills is part of the portfolio acquired in early 2018 by a subsidiary of ENGIE North America from Infinity Power Holdings, a joint venture between Infinity Renewables and MAP® Energy.

ENGIE’s ambition is to lead the zero-carbon transition based on 3 pillars: Client Solutions across a broadening array of services (including on-site co-generation, heating and cooling networks, public lighting, rooftop solar); Networks to adapt them to future green gas requirements and continue to generate attractive returns and substantial cash flow; and Renewables, with a plan to add 9 GW of renewables capacity to the Group portfolio (24 GW at the end of 2018) by 2021. In this field, ENGIE targets 50% of new renewable projects dedicated to specific customers by 2021 and to play a leading role in next-generation renewable platforms including offshore wind and green gas.

North America will be a key market to reach these ambitions both in Client Solutions and Renewables. The Seymour Hills Wind Project will contribute to ENGIE’s goal to build at least 2.5 GW of wind and solar capacities in the next 3 years in the US and Canada. As with the Seymour Hills project, these capacities will be dedicated to specific customers.

About ENGIE North America Inc.
ENGIE North America manages a range of energy businesses in the U.S. and Canada, including electricity generation, cogeneration, and energy storage; retail natural gas and electricity sales, and comprehensive services that help customers run facilities more efficiently and optimize energy use and expense. Nearly 100 percent of the company’s power generation portfolio is low carbon or renewable. Globally, ENGIE is the largest independent power producer and a leading energy efficiency services provider in the world, employing 160,000 people, including 1,100 researchers. For more information on ENGIE North America, please visit our Instagram, LinkedIn, Twitter, or Facebook pages or www.engie-na.com web site.