RWE Successfully Bids $157 Million for Offshore Wind Farm in Western US
08 December 2022 - 5:57PM
Dow Jones News
By Pierre Bertrand
RWE AG said late on Wednesday that it has successfully bid
$157.7 million for an area off California to develop floating
offshore wind power generation.
The German energy company said the area, which is located 45
kilometers off the northern coast of California, has a capacity to
host up to 1.6 gigawatts of wind generation, enough electricity to
power 640,000 homes.
It covers five lease areas which all require the use of floating
technology due to the depth of the water, RWE said.
RWE will now perform offshore studies to determine project
design and submit applications required for federal, state, and
local permits, it said.
The project is expected to be operational by the mid-2030s
depending on permits, the company said.
It expands the company's U.S. offshore wind development
portfolio to about 4.6 gigawatts.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
December 08, 2022 01:42 ET (06:42 GMT)
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