Shell, EDP Joint Venture Wins Offshore Wind Energy Auction
December 14 2018 - 3:45PM
Dow Jones News
By Michael Dabaie
A joint venture between Shell and EDP Renewables said Friday it
won an offshore wind auction to develop a block off the coast of
Massachusetts.
Mayflower Wind Energy LLC, a 50/50 joint venture between EDPR
Offshore North America LLC and Shell New Energies US LLC, was the
provisional winner of block 0521 in Friday's offshore wind auction
hosted by the Bureau of Ocean Energy Management.
Mayflower bid $135 million for the exclusive rights to develop
the federal commercial wind energy lease on the Outer Continental
Shelf located off the coast of Massachusetts.
Once constructed, the lease area could accommodate a total
generation capacity of approximately 1.6 gigawatts, enough to power
more than 680,000 average Massachusetts homes with clean
electricity each year, the company said.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
December 14, 2018 15:30 ET (20:30 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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