Largest Offshore Wind Developers (United States)
- TurbineHub Research Department
- Jan 18, 2023
- 4 min read
Orsted Wind Power North America
Total Capacity Online (MW): 30
Total Capacity Based on COP (MW): 4,888
Total Acres under Lease: 618,573
Total Lease Cost: $4,251,461
Dominion Energy
Total Capacity Online (MW): 12
Total Capacity Based on COP (MW): 2,587
Total Acres under Lease: 112,866
Total Lease Cost: $1,600,000
Equinor
Total Capacity Online (MW): 0
Total Capacity Based on COP (MW): 1,023
Total Acres under Lease: 288,296
Total Lease Cost: $307,469,725
*In 2021, Equinor sold a 50% stake in the Empire Wind and Beacon Wind Projects to bp for $1.1B
Figure 1. Equinor Lease Block on the Western Coast of the United States
Figure 2. Equinor Lease Block on the Eastern Coast of the United States
bp
Total Capacity Online (MW): 0
Total Capacity Based on COP (MW): 1,023
Total Acres under Lease: 104,117
Total Lease Cost: $0
Total Acquistion Cost: $1,100,000,000
*In 2021, Equinor sold a 50% stake in the Empire Wind and Beacon Wind Projects to bp for $1.1B
Figure 3. bp Lease Blocks on the Eastern Coast of the United States
Ocean Winds North America (EDP/Engie)
Total Capacity Online (MW): 0
Total Capacity Based on COP (MW): 602
Total Acres under Lease: 215,653
Total Lease Cost: $982,800,000
Figure 4. Ocean Winds NA Owned Lease Block on the Western Coast of the United States
(Ocean Winds NA is partnered with the Canadian Public Pension Invesment Board (CPPIB) to develop Golden State Wind
Figure 5. Ocean Winds NA Owned Lease Blocks on the Eastern Coast of the United States
Shell Energy North America
Total Capacity Online (MW): 0
Total Capacity Based on COP (MW): 1,357
Total Acres under Lease: 195,098
Total Lease Cost: $458,003,120
Figure 6. Shell Energy North America Owned Lease Blocks on the Eastern Coast of the United States (Shell Energy North America a 50% owner of the Atlantic Shores Offshore Wind JV with EDF)
EDF Renewables North America
Total Capacity Online (MW): 0
Total Capacity Based on COP (MW): 755
Total Acres under Lease: 131,376
Total Lease Cost: $390,503,120
Figure 7. EDF Owned Lease Blocks on the Eastern Coast of the United States (EDF is a 50% owner of the Atlantic Shores Offshore Wind JV with Shell Energy North America)
US Wind (Apollo Global Management)
Total Capacity Online (MW): 0
Total Capacity Based on COP (MW): 1,079
Total Potential Capacity Currently Leased: 159,537
Total Lease Cost: $1,369,334
Figure 8. US Wind Owned Lease Block on the Eastern Coast of the United States (US Wind is owned by Apollo Global Management)
Avangrid Renewables
Total Capacity Online (MW): 0
Total Capacity Based on COP (MW): 2,036
Total Acres under Lease: 358,406
Total Lease Cost: $9,141,749
Figure 9. Avangrid Owned Lease Blocks on the Eastern Coast of the United States
Figure 10. Avangrid Owned Lease Blocks on the Eastern Coast of the United States with data from TurbineHub OffshorePro
Copenhagen Infrastructure Partners
Total Capacity Online (MW): 0
Total Capacity Based on COP (MW): 403
Total Acres under Lease: 244,533
Total Lease Cost: $593,900,000
Figure 11. Copenhagen Infrastructure Partners Owned Lease Block on the Eastern Coast of the United States
Eversource Energy
Total Capacity Online (MW): 0
Total Capacity Based on COP (MW): 880
Total Acres under Lease:
Total Lease Cost: $1,544,731
Figure 12. Eversource Energy Owned Offshore Wind Projects on the Eastern Coast of the United States (Eversource Energy is a 50% owner in the outlined project with Orsted owning the remaining 50%, Orsted is also the developer of each project)
Total Energies
Total Capacity Online (MW): 0
Total Capacity Based on COP (MW): 6,036
Total Acres under Lease: 139,226
Total Lease Cost: $950,000,000
Figure 13. Total Energies Owned Offshore Wind Projects on the Eastern Coast of the United States
Duke Energy
Total Capacity Online (MW): 0
Total Capacity Based on COP (MW): 6,036
Total Acres under Lease: 55,104
Total Lease Cost: $160,000,000
Figure 14. Duke Energy Owned Offshore Wind Projects on the Eastern Coast of the United States
RWE Renewables
Total Capacity Online (MW): 0
Total Capacity Based on COP (MW): 6,036
Total Acres under Lease: 189,337
Total Lease Cost: $1,257,700,000
Figure 15. RWE Owned Offshore Wind Projects on the Eastern Coast of the United States
Figure 16. RWE Owned Offshore Wind Projects on the Western Coast of the United States
Invenergy
Total Capacity Online (MW): 0
Total Capacity Based on COP (MW): 0
Total Acres under Lease: 122,406
Total Lease Cost: $467,800,000
*Assume Leading Light Offshore Wind is a 50/50 JV between Invenergy and energyRe
Figure 17. Invenergy Owned Offshore Wind Projects on the Eastern Coast of the United States
Leading Light Wind is led by project sponsors Invenergy and New York-based energyRe. This partnership represents decades of renewable energy infrastructure expertise and a strategic local presence.
A consortium of investors composed of Blackstone Infrastructure Partners (NYSE: BX), CDPQ, FirstLight Power, and Ullico Infrastructure Fund will provide funding for Leading Light Wind.
Figure 18. Invenergy Owned Offshore Wind Projects on the Western Coast of the United States
energyRe
Total Capacity Online (MW): 0
Total Capacity Based on COP (MW): 0
Total Acres under Lease: 41,988
Total Lease Cost: $322,500,000
*Assume Leading Light Offshore Wind is a 50/50 JV between Invenergy and energyRe
Figure 19. energyRE Owned Offshore Wind Projects on the Eastern Coast of the United States
Leading Light Wind is led by project sponsors Invenergy and New York-based energyRe. This partnership represents decades of renewable energy infrastructure expertise and a strategic local presence.
A consortium of investors composed of Blackstone Infrastructure Partners (NYSE: BX), CDPQ, FirstLight Power, and Ullico Infrastructure Fund will provide funding for Leading Light Wind.
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