The Atlantic Shores Offshore Wind will co-develop OCS-0499 lease area within the New Jersey Wind Energy Area.
The lease area has the potential to produce approximately 2,500MW of offshore wind energy on 183,353 acres of land, located eight miles off the coast of Atlantic City.
The energy to be produced is enough to power close to one million homes.
Dorine Bosman, vice president of Shell Wind Development, said: “Gaining access to this acreage in New Jersey complements our successful entry to Massachusetts and our existing renewable generation business. Building on the strength of our brand and global presence allows us to continue providing our customers with more and cleaner energy.”
“The opportunity supports the EDF Group’s aim to double global renewable capacity to 50GW by 2030,” added Tristan Grimbert, CEO of EDF Renewables North America. “As the costs of offshore wind are declining, the US offshore wind industry is quickly advancing with strong Federal and State support. The industry is well-positioned to meaningfully contribute to the New York and New Jersey economies through employment and supply chain opportunities.”
EDF Renewables has 2,800 MW of offshore wind in development or operation in Europe and will use its experience gained to expand the US' wind market.
Shell first entered the onshore wind business in the US in 2001 and is one of the largest power wholesalers in North America.
Atlantic Shores Offshore Wind will begin working to complete a site assessment plan and initiate formal development efforts on the site, and subject to a positive final investment decision, could bring the wind farm into operation by the mid-2020s.