TotalEnergies aims to develop US offshore wind on both coasts
Following a successful bid in a New York auction, the major has bought bidding partner EnBW’s North American portfolio
TotalEnergies has bought German utility EnBW’s stake in the two companies’ North American offshore wind joint venture (JV), Attentive Energy, after winning the right to develop acreage off the coast of New York. The New York Bight auction leased six blocks, totalling nearly 1,975km², for potential wind development. The lease sale is the first of seven to be held by 2025 that were announced by the Department of the Interior last year as part of the Biden administration’s effort to develop 30GW of offshore wind by 2030. The leases include stipulations designed to support a domestic US supply chain, including incentives for developers to source major components such as blades, turbines and fou
Also in this section
19 December 2024
The utility-scale battery energy storage system market is evolving rapidly, with diverse offtake models emerging to offer bespoke, flexible contracting solutions
13 December 2024
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
11 December 2024
Policymakers need to step up with a long-term, global strategy if the energy transition is ever to be a success
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions