Massachusetts announces outcome of 83C solicitation
May 23 2018 - 1:53PM
Massachusetts announces outcome of 83C solicitation
Massachusetts‘ Department of Energy Resources (DOER) today
announced the outcome of its 83C solicitation for the state’s first
offshore wind farm. Bay State Wind – a 50-50 joint venture between
Ørsted and Eversource – was not selected for contract
negotiations.
This does not change Ørsted’s commitment to develop offshore
wind in the United States. Martin Neubert, Executive Vice
President and CEO of Wind Power at Ørsted says:
“We submitted what we considered a very competitive, but
value-creating bid. While we’re of course disappointed by the
outcome of the 83C solicitation, the U.S. remains a key market to
us. With favorable wind and seabed conditions on the East Coast,
and the states’ growing interest in developing clean energy, we
continue to see the U.S. as a significant, long-term growth
opportunity for Ørsted.”
“Together with Eversource, we’ll continue progressing our Bay
State Wind project towards the next solicitations in New England
and New York. Ørsted will also continue to develop our
utility scale Ocean Wind project in New Jersey, and we remain
engaged with our partner Dominion Energy in bringing offshore wind
to Virginia.”
About Ørsted in the U.S.Ørsted entered the U.S.
market in 2015 and is currently engaged in three offshore wind
projects in the U.S.
- Bay State Wind off the coast of Massachusetts, a 50-50 joint
venture with Eversource which could potentially be developed into
at least 2,000MW offshore wind capacity.
- Ocean Wind off the coast of New Jersey, which could be
developed into at least 2,000MW offshore wind capacity.
- In Virginia, Ørsted will be constructing two 6MW wind turbines
for phase one of Dominion Energy’s Coastal Offshore Wind Project.
The two companies have signed a memorandum of understanding giving
Ørsted exclusive rights to discuss a strategic partnership with
Dominion Energy about developing the commercial site, which could
potentially accommodate up to 2,000MW offshore wind
capacity.
- In addition, Ørsted is active in battery storage and solar
development and last year established a presence in Austin, Texas,
to lead those efforts. The company sees the U.S. renewables market
as an attractive, strategic growth opportunity.
As the world’s leading developer of offshore wind farms, Ørsted
has installed approx. 4.5GW offshore wind capacity in Europe and
has a further 4.4GW under construction. It is Ørsted’s ambition to
have installed a total offshore wind capacity of 11-12GW worldwide
by 2025.
The information provided in this announcement does not change
Ørsted’s previous financial guidance for the financial year of 2018
or the announced expected investment level for 2018.
For further information Media Relations Tom
Lehn-Christiansen +45 99 55 60 17tomlc@orsted.dk Investor
Relations Daniel Lerup+45 99 55 59 35danil@orsted.dk
The Ørsted vision is a world that runs entirely on green energy.
Ørsted develops, constructs and operates offshore wind farms,
bioenergy plants and innovative waste-to-energy solutions and
provides smart energy products to its customers. Headquartered in
Denmark, Ørsted employs 5,700 people. Ørsted’s shares are listed on
Nasdaq Copenhagen (Orsted). In 2017, the group’s revenue was DKK
59.5 billion (EUR 8.0 billion). For more information on Ørsted,
visit https://orsted.com/ or follow us on Facebook, LinkedIn,
Instagram and Twitter.
- 23MAY2018_CA_Massachusetts announces outcome of 83C
solicitation