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Largest Offshore Wind Developers (United States)

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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