Ocean Winds Takes Full Ownership of SouthCoast Wind Project

Ocean Winds (OW), the international company dedicated to offshore wind energy and created as a 50-50 joint venture by EDP Renewables and ENGIE, has acquired full ownership of the SouthCoast Wind project off the coast of Massachusetts in the United States.

SouthCoast Wind was previously a 50/50 joint venture between Ocean Winds and Shell New Energies.

Grzegorz Gorski, Chief Operating Officer for Ocean Winds, said: “We recognize Shell’s decision and want to thank them for working together since the inception of the SouthCoast Wind project.”

OW’s North America CEO, Michael Brown said: “Ocean Winds and SouthCoast Wind are intensely focused on the joint procurement process for offshore wind energy being undertaken by Connecticut, Rhode Island and Massachusetts and completing permitting and development of this clean energy project.”

Ocean Winds continues a partnership strategy in the US and intends to bring in a new 50% partner ahead of final investment decision for SouthCoast Wind.