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RWE OCS A 0539 2RWE Renewables has announced its success in the New York Bight offshore lease auction in the U.S. Through the joint venture ‘Bight Wind’, RWE secured area OCS-A 0539 with a winning bid of $1.1 billion.
The awarded seabed has the potential to host about 3GW of capacity. The project is expected to be in operation by the end of the decade. The auction consisted of six leases. Under the auction, format bidders were limited to winning one lease area only. A winning bid provides the rights to develop the lease area and to participate in upcoming New York state offtake auctions, the first of which is expected later this year.
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