Invenergy secures major award in offshore wind lease sale

Invenergy offshore wind

Invenergy Wind Offshore announced this Monday it secured a major award in the New York Bight offshore wind lease sale. The US Bureau of Ocean Energy Management (BOEM) named the company and its sponsor energyRE provisional winners of an 83,976-acre area of seabed.

Firstly, the winning bid was $645 million. As a result, the project sponsors will deliver development, engineering, and construction services for a major renewable energy project. Invenergy will serve as the lead developer of the project; while a consortium of investors will provide funding for the project.

Moreover, the consortium includes Blackstone Infrastructure Partners; CDPQ, FirstLight Power, and Ullico Infrastructure Fund.

Michael Polsky, Invenergy Founder, and CEO said about the matter. “For more than twenty years, Invenergy has leveraged our deep technical expertise to lead the renewable energy transition in the United States and around the world.”

Also recommended for you: Honeywell to supply energy storage solutions to solar park in New Mexico. Click here to read.

Invenergy with a portfolio of 30,000MW of projects

He also remarked. “The U.S. offshore market is the next frontier in the clean energy revolution, and we are proud to have the opportunity to increase American competitiveness in the global offshore market as we build a sustainable world.”

On the other hand, Jeff Blau, Chairman of energyRe, commented. “energyRe is at the forefront of the global clean energy revolution, and we are proud to bring our decades of industry leadership to the fight for a more resilient future.”

The executive also mentioned. “Our all-American, all-renewable enterprise is ready to deliver reliable clean energy directly to our communities and ignite economic opportunity and job creation in the fast-growing green economy.”

The award will expand Invenergy’s portfolio of projects to a new frontier. The company and its affiliated companies have successfully developed more than 30,000 MW of projects. Those projects are in operation, construction or contracted; including wind, solar, and natural gas power generation and advanced energy storage projects.

Related posts

NextEra Energy gets financing upsized by $150M for wind projects


Mitsubishi Power and DT Midstream partner for clean hydrogen projects


Houston: the future capital city for energy transition – RGF 23rd Annual Forum