RWE Secures Gulf of Mexico Lease for Offshore Wind Development
30 August 2023 - 3:20AM
Dow Jones News
By Stephen Nakrosis
RWE said it secured a lease area in the Gulf of Mexico to
develop offshore wind energy as part of the U.S. Department of the
Interior's initial Gulf of Mexico offshore wind lease auction.
The company said its $5.6 million bid secured the lease area,
which has the capacity to develop up to 2 gigawatts of fixed-bottom
offshore wind. The site is located 44 miles off the coast of
Louisiana, with water depths of 10 to 25 meters.
RWE said the project is expected to be in operation by the
mid-2030s.
Including the new lease area, RWE said, its offshore wind
development portfolio now totals about 5.9 GW capacity. RWE set a
goal to increase its offshore wind capacity to 8GW globally by
2030.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
August 29, 2023 13:05 ET (17:05 GMT)
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