WALTHAM, Mass. and AUSTIN, Texas, May 20,
2021 /PRNewswire/ -- National Grid (NYSE: NGG),
one of the world's largest publicly listed utilities, and RWE
Renewables (RWE), one of the world's leading renewable energy
companies, today announced the signing of a partnership agreement
to jointly develop offshore wind projects in the coastal region of
the Northeast U.S. With this agreement, National Grid
Ventures, the non-regulated division of National Grid, and RWE will
be working together to explore opportunities in the Northeast U.S.
offshore wind market. This includes an intention to jointly bid in
the upcoming New York Bight seabed lease auction.
Both companies share a common goal of enabling the clean energy
future, and offshore wind will be critical for the U.S.,
particularly in the Northeast, to reduce emissions, meet climate
goals and create local jobs. This partnership brings together two
leading energy companies to help drive forward the emerging
offshore wind industry in the U.S. and help bring critical economic
development to communities across the Northeast.
"We're very pleased to partner with RWE as we take our first
steps towards developing offshore wind projects in the Northeast
U.S.," said Cordi O'Hara, President
of National Grid Ventures. "This partnership further solidifies
National Grid's role in advancing a clean, fair and affordable
energy future and will also complement our growing onshore
renewables business, which includes a strong pipeline of solar,
wind and battery storage projects across the country."
National Grid and RWE will bring complementary capabilities and
expertise to this partnership. National Grid will bring local
expertise in the Northeast along with its experience developing
large-scale infrastructure projects, including industry-leading
subsea cable capabilities from its portfolio of interconnectors
that facilitate the transfer of renewable energy between the UK and
Europe. RWE will bring its wealth
of experience in global offshore wind project development across
the entire value chain, from project conception to construction and
operation. The unparalleled experience the company has earned over
the last 20 years has resulted in 20 successful projects, ranking
RWE in the top tier of the global offshore wind market.
"Our partnership with National Grid represents an exciting
milestone for RWE as we further grow our renewable energy business
in the U.S.," said Sven Utermöhlen, Chief Operating Officer,
Offshore Wind Global for RWE Renewables. "While we are an
established presence in the U.S. with our onshore wind, solar and
storage activities, this partnership will support RWE's plans to
realize a sizeable position in the offshore wind space. We look
forward to working with National Grid to advance the clean energy
transition in the U.S."
RWE is a leader in the field of renewables and is among the top
offshore wind companies globally. The company has a robust pipeline
of offshore and onshore wind, solar and energy storage projects
throughout the Americas, Europe
and Asia-Pacific.
For more information about National Grid Ventures, please visit
www.nationalgrid.com/ventures.
For more information about RWE Renewables, please visit
www.group.rwe/en/the-group/organisational-structure/rwe-renewables.
About National Grid Ventures
National Grid Ventures (NGV) is the non-regulated division of
National Grid plc, one of the largest investor-owned energy
companies in the world. NGV operates outside of National Grid's
regulated businesses in the US and UK where it develops, operates
and invests in energy projects, technologies and partnerships to
accelerate the development of a clean energy future.
NGV's diverse portfolio of low carbon and renewable energy
businesses across the UK, Europe
and US includes sub-sea electricity interconnectors, liquefied
natural gas, battery energy storage, wind and solar power. For more
information, visit www.nationalgrid.com/ventures.
About RWE Renewables
RWE Renewables is one of the world's leading renewable energy
companies. With around 3,500 employees, the company has onshore and
offshore wind farms, photovoltaic plants and battery storage
facilities with a combined capacity of approximately 9 gigawatts.
RWE Renewables is driving the expansion of renewable energy in more
than 15 countries on four continents. From 2020 until 2022, RWE
Renewables targets to invest €5 billion net in renewable energy and
to grow its renewables portfolio to 13 gigawatts of net capacity.
Beyond this, the company plans to further grow in wind and solar
power. The focus is on the Americas, the core markets in
Europe and the Asia-Pacific region.
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SOURCE National Grid and RWE