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EDF Renewables North America and Shell New Energies US have announced that they have formed a 50/50 joint venture, Atlantic Shores Offshore Wind to co-develop OCS-0499 lease area within the New Jersey Wind Energy Area (WEA).
The lease area holds the potential to produce approximately 2,500MW of offshore wind energy. This transaction is subject to regulatory approvals. Construction is subject to positive final investment decision. The lease comprises 183,353 acres about eight miles off the coast of Atlantic City on the U.S. Outer Continental Shelf (OCS). Atlantic Shores Offshore Wind, LLC will begin working to complete a site assessment plan and initiate formal development efforts on the site, and subject to a positive final investment decision, could bring the wind farm into operation by the mid-2020s.
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