DONG Seals New Jersey Deal

Business & Finance

DONG Energy has taken over more than 1,000MW development project rights off the coast of New Jersey from RES Americas Developments Inc (RES).

Photo: DONG Energy

The companies finalised the deal during Bureau of Ocean Energy Management (BOEM) New Jersey Renewable Energy Task Force Meeting held in Trenton on 19 May.

The New Jersey lease area, which was acquired by RES during the offshore wind auction held by BOEM on 9 November 2015, was legally taken over by DONG Energy on 11 May, 2016.

RES Americas will continue to support the development of the lease area as agreed with DONG Energy.

The New Jersey lease area, which the company has named Ocean Wind, has a total size of 160,480 acres and is located approximately ten nautical miles offshore and has the potential to accommodate more than 1,000MW of offshore wind, which could power 500,000 New Jersey homes.

Thomas Brostrøm, DONG’s General Manager of North America, Wind Power, said: “DONG Energy’s entry into New Jersey is a great opportunity. As the world leader of offshore wind development, we look forward to expanding our profile in the U.S. and potentially building an industry.”

The New Jersey lease is the second U.S. lease area for DONG Energy. The acquisition of the company’s first U.S. lease area, off the coast of Massachusetts, was approved by BOEM in June 2015.