RWE and National Grid move forward on offshore wind development

Following the success of their joint bid in the New York Bight offshore lease auction last month, RWE Renewables and National Grid have announced the official name of their joint venture, Community Offshore Wind.

 

In the New York Bight auction the joint venture secured area OCS-A 0539 with a winning bid of $1.1 billion. The awarded seabed has the potential to host 3GW of capacity, enough to power 1.1 million U.S. homes. The project is expected to be in operation toward the end of the decade.