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November 29, 2021

Ocean Wind, US

By Carmen

Ocean Wind is a 1,100MW offshore wind power project. It is planned in Atlantic Ocean, New Jersey, the US. The project is currently in permitting stage. It will be developed in single phase. Post completion of the construction, the project is expected to get commissioned in 2025.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Offshore 1,100 1,100 Permitting New Jersey, the US Ocean Wind; Renewable Energy Systems Americas

Description

The project is being developed by Ocean Wind and Renewable Energy Systems Americas. Orsted US Offshore Wind and Public Service Enterprise Group are currently owning the project having ownership stake of 75% and 25% respectively.

The project is expected to supply enough clean energy to power 500,000 households. The project cost is expected to be around $5,310.8m. The project will be spread over an area of 649.43km².

Development Status

Post completion of the construction, the project is expected to get commissioned in 2025.

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Contractors Involved

GE Renewable Energy will be the turbine supplier for the wind power project. The wind power project consists of 98 turbines.

GE Renewable Energy is expected to perform operations and maintenance for the wind power project for a period of 5 years.

About Renewable Energy Systems Americas

Renewable Energy Systems Americas Inc. (RES Americas), a subsidiary of Renewable Energy Systems Ltd. is an energy company that provides engineering, procurement and construction services. The company offers layout design, software design, solar array layout design, land acquisition, permitting and environmental review, technical analysis, scheduling, financing, resource assessment, land procurement, project design, permitting, transmission, interconnection work and power marketing. It provides costing, procurement, management, and quality and environmental processes services. RES Americas’ engineering services includes renewable energy project design, including turbine foundation design, geotechnical engineering, civil site work design, electrical collection and grounding system design, solar PV system design and optimization. The company serves wind, solar, transmission, energy storage projects and demand side management. It operates in California, Connecticut, Minnesota, and Texas. RES Americas is headquartered in Broomfield, Colorado, the US.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

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