Shell and EDF Renewables Form JV to Develop Wind Farm

The lease area holds the potential to produce approximately 2,500 MW of wind energy – enough to power close to one million homes.

Forming an equal partnership joint venture, EDF Renewables North America and Shell New Energies have joined hands to co-develop wind energy area in New Jersey.

The lease area holds the potential to produce approximately 2,500 megawatts (MW) of offshore wind energy – enough to power close to one million homes.

The lease comprises 183,353 acres about eight miles off the coast of Atlantic City on the U.S. Outer Continental Shelf (OCS). The area offers strong and steady wind resources in relatively shallow water, close to large population centers with associated electricity demand.

“Shell has bold ambitions to grow our renewable power business and we see great potential in U.S. offshore wind,” said Dorine Bosman, VP Shell Wind Development.

He further added that, “Gaining access to this acreage in New Jersey complements our successful entry to Massachusetts and our existing renewable generation business. Building on the strength of our brand and global presence allows us to continue providing our customers with more and cleaner energy.”

“The opportunity supports the EDF Group’s aim to double global renewable capacity to 50 gigawatts by 2030. It solidifies EDF Renewables’ ambitions to leverage its depth of experience in the European offshore wind market in the emerging U.S. market,” commented Tristan Grimbert, President & CEO of EDF Renewables North America.

EDF Renewables already has 2,800 MW of offshore wind in development or operation in Europe (Belgium, France, Germany and United Kingdom), placing the company in a position to efficiently transform the U.S. offshore wind sector, beginning in New Jersey.

Shell has operated offshore assets for decades, has a strong supply-chain network and is one of the largest power wholesalers in North America.

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.