RWE’s Community Offshore Wind, a joint venture with National Grid Ventures, was provisionally awarded a 1.3GW offtake contract as part of the State’s third solicitation for offshore wind.
The project will be developed as the first of multiple phases located within RWE’s 3.2GW seabed lease in the New York Bight (RWE share: 2.3GW), acquired during a federal auction by the Bureau of Ocean Energy Management (BOEM) in 2022. The project awarded by NYSERDA will interconnect into Brooklyn, New York, to deliver new offshore wind capacity. RWE’s award is one of three that NYSERDA announced. NYSERDA indicated that weighted average strike price for the award group is $145.07 per MWh in nominal dollars. In accordance with the terms and conditions that may be included in the final contract, these prices are subject to additional adjustments such as those based on certain price indexies, interconnection costs and qualifying federal support.
