As a global leader within green energy, we are powering our planet’s transformation towards cleaner energy. We therefore actively seek to enter new markets to help realize our vision of world that runs entirely on green energy.
In the U.S, we are developing projects in Massachusetts and New Jersey, and exploring other opportunities to bring our world-class expertise to American consumers and businesses.
Bay State Wind
Along with Eversource, we have formed a partnership to develop a large-scale offshore wind farm, known as Bay State Wind, which would be located 15 miles off the coast of Martha’s Vineyard, Massachusetts.
We have acquired a lease 10 miles off the New Jersey coast and are pursuing the development of a large-scale offshore wind farm, known as Ocean Wind.
Offshore wind is becoming increasingly affordable, with costs falling dramatically in recent years. We are leading efforts to bring about these cost reductions.
We are driving industry efforts to reduce costs even further. In the U.S this will be achieved as the offshore wind industry matures and scales up, lowering cost over time. In addition, the anticipated technology improvements, resulting in larger turbines will also have an impact, reducing costs further.
Coastal Virginia Offshore Wind
In a strategic partnership with Dominion Energy, we shall build two 6-megawatt turbines off the coast of Virginia Beach, Virginia. Both companies will immediately begin refining agreements for engineering, procurement and construction. Dominion remains the sole owner of the project.
See below recent research on the cost benefits of wind power: