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BOEM | NY Bight leasing results: USD $4.3bn

image credit: BOEM
Charley Rattan's picture
World Hydrogen Leader Charley Rattan Associates

UK based offshore wind & hydrogen corporate advisor and trainer; Faculty member World Hydrogen Leaders. Delivering global hydrogen and offshore wind corporate investment advice, business...

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  • Feb 25, 2022
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The lengthy process is finally over and it is great news for US coffers. The Bureau of Ocean Energy Management (BOEM) for the US Government reaching USD $4.3bn in bids as the gavel comes down.

There is approximately 5.6 GW to be built and the East Coast and Gulf of Mexico and West Coast are engaged and set to follow in the next cou0ple of years. By way of comparing the bids, the recent 25GW ScotWind round saw a total of just under £700m in option fees garnered by the Scottish Government. The startling figures provide an indication of where the markets and especially new entrant oil and gas majors, driving the offshore wind and hydrogen sectors forwards, perceive the real opportunity.

The largest and most expensive site, which could accommodate a minimum of 1,387 MW of installed capacity, was secured for a price of USD 1.1 billion by Bight Wind Holdings, LLC.

Attentive Energy LLC is the winner of the second most expensive lease site, located northeast of the biggest lease area, for a price of USD 795 million.

Shell and EDF Renewables-owned Atlantic Shores Offshore Wind Bight, LLC, won the site south of the biggest site for USD 780 million, and the site adjacent to it has been secured Invenergy Wind Offshore LLC for USD 645 million.

OW Ocean Winds East LLC won the lease area in Central Bight for USD 765 million, while the smallest auctioned site, situated offshore Long Beach in New York, was secured by Mid-Atlantic Offshore Wind LLC for USD 285 million.

Results saw Shell and RWE amongst the winners:

 

 

New York Bight leasing round progress:

Day 3:

 

ScotWind leasing result breakdown:

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Shell, BP, and Equinor, alone or through joint ventures, are competing for acreage off New York and New Jersey alongside RWE, SSE Renewables, Ocean Winds, and Iberdrola’s Avangrid Renewables:

 

The 25 eligible bidders:

 

  • 547 Energy LLC
  • Arevia Power LLC
  • Atlantic Shores Offshore Wind Bight, LLC (Shell and EDF Renewables)
  • Attentive Energy LLC
  • Avangrid Renewables, LLC
  • Bight Wind Holdings, LLC
  • BP US Offshore Wind Energy LLC
  • CPV Offshore Wind LP
  • Diamond Wind North America, LLC
  • East Wind LLC
  • EDF Renewables Development, Inc
  • Equinor Wind US LLC
  • GIG Infrastructure HoldCo, LLC
  • GW Offshore Wind LLC
  • Horizon Wind Power LLC (EDP Renewables)
  • Invenergy Wind Offshore LLC
  • Mid-Atlantic Offshore Wind LLC
  • OW Ocean Winds East, LLC (EDP Renewables and ENGIE)
  • PNE USA, Inc
  • PSEG Renewable Generation LLC
  • RWE Offshore Wind Holdings, LLC
  • SSE Renewables North America Offshore Wind LLC
  • US Mainstream Offshore LLC
  • US Mainstream Renewable Power Inc
  • US Wind Inc

Charley Rattan

 

 

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