Ocean Winds takes full ownership of SouthCoast Wind project

Source | Ocean Wind

Ocean Winds (OW, Madrid, Spain), an international company dedicated to offshore wind energy that was 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 Boston, Massachusetts in the U.S. SouthCoast Wind was previously a 50/50 joint venture between Ocean Winds and Shell New Energies.

According to OW’s North America CEO, Michael Brown, “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 U.S. and intends to bring in a new 50% partner ahead of final investment decision for SouthCoast Wind.