TotalEnergies Partnership to Develop 3GW Wind Project Offshore NY, NJ

TotalEnergies said Oct. 23 it teamed up with offshore wind developer Corio Generation and electricity producer Rise Light & Power to develop a more than 3-gigawatt (GW) wind project offshore New York and New Jersey.

The project, located on the maritime lease TotalEnergies secured in 2022 during the historic New York Bight auction, is expected to provide enough clean electricity to power over 1 million homes, the company said in a news release. The auction was the highest-grossing competitive offshore energy lease sale in history, including oil and gas leases, at $4.37 billion.

With a $795 million bid, TotalEnergies Renewables USA subsidiary Attentive Energy was the winner of the 84,332-acre OCS-A-0538 lease area.

U.K.-based Corio and New York-based Rise jointly purchased stakes in the project for $420 million. Corio has a 27.7% stake in the project and Rise has 16.3%, with TotalEnergies retaining the remaining 56%, according to the Oct. 23 release.

Under the agreement, Rise will manage the project’s interconnection at the Ravenswood Generating Station, where gas generators will be retired. Corio, which has more than 30 GW under development in Europe, Asia-Pacific and Americas, will bring its offshore wind development expertise to the project. TotalEnergies will serve as operator.

“This partnership reinforces TotalEnergies’ capacity to actively develop its presence in the U.S. renewables space, where the company has a 25 GW portfolio of projects, in operation or development, including 4 GW in offshore wind,” Vincent Stoquart, senior vice president of renewables at TotalEnergies, said in the release. “We are also happy to contribute, through the Attentive Energy project, to the reduction of greenhouse gas emissions in New York and New Jersey, and support the U.S. government’s goal to develop 30 GW of offshore wind in the country by 2030.”