Shell and EDP Renewables Joint Venture Wins U.S. Offshore Wind Auction
December 17,2018
Mayflower Wind Energy LLC (Mayflower) announced that it is the provisional winner of block 0521 in a recent offshore wind auction hosted by the Bureau of Ocean Energy Management (BOEM).
Mayflower is a 50/50 joint venture between EDPR Offshore North America LLC (EDPR) and Shell New Energies US LLC (Shell).
Mayflower bid $135 million for the exclusive rights to develop the federal commercial wind energy lease on the Outer Continental Shelf (OCS) located off the coast of Massachusetts.
Once constructed, the lease area could accommodate a total generation capacity of approximately 1.6 gigawatts (GW), the company said
Mayflower will begin working to complete a site assessment plan and initiate formal development efforts on the site, and subject to a positive final investment decision, could bring the wind farm into operation by the mid-2020s.
Shell said that, "Shell aims to make electricity a significant part of its business, from generating it to buying, selling and supplying electricity directly to customers. Our New Energies business is seeking to leverage the company’s strengths in fast-growing and commercial parts of the energy industry, such as offshore wind in the USA."
"Shell is seeking commercial opportunities to expand its existing electricity generation from renewable power, including offshore wind, with the aim of providing customers with more and cleaner energy," Shell said