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Nautilus would prepare New Jersey to take the lead in cultivating offshore wind talent, as states race to capitalize on this new economy

ATLANTIC CITY, N.J. (Sept 5, 2018) – The New Jersey Board of Public Utilities today announced its official acceptance of the application tendered by EDF Renewables and Fishermen’s Energy for the Nautilus Offshore Wind project. The agency is expected to review the project over the next few months and make a decision on whether to approve the project for immediate construction, which will be located approximately 2.8 miles east of the coastline of Atlantic City and could be complete as soon as 2020. The small-scale project, expected to be comprised of three wind turbines with a combined capacity of up to 25 megawatts (MW), is a crucial first step towards implementing the Offshore Wind Economic Development Act (OWEDA) and building a workforce capable of meeting Governor Phil Murphy’s statewide goal of 3,500 MW of offshore wind generation by 2030.

The Project is expected to employ the equivalent of 600 workers for a year during construction as well as additional jobs during operations and maintenance. New Jersey residents across the state could expect to begin receiving power generated by the Nautilus Offshore Wind project as early as 2021. It’s estimated that for the average New Jersey electric consumer, the additional cost of power will amount to about $1.76 per year, which is less than the price of a cup of coffee. In return, an independent analysis showed that Nautilus is expected to increase New Jersey’s total economic output by $150 million with construction by 2020. Maintaining the offshore wind project could add $16 million annually for the state, with a projected economic and environmental net benefit of $235 million.

“Our purpose with Nautilus is not just to deliver offshore wind power, but to leverage this initial build to help the New Jersey workforce quickly gain deep expertise in offshore wind in comparison with other states,” said Doug Copeland, EDF Renewables regional project manager. “With offshore wind poised to become one of the nation’s fastest growing production sectors, there is a real opportunity for New Jersey to lead the country in implementing future commercial scale projects faster and more cost effectively – all with a minimal impact on the ocean environment.”

A number of New Jersey economic organizations and political officials have already voiced support for the project.

“Nautilus will make it possible for Atlantic City to become the birth place of an emerging industry, creating new jobs and sustainable economic growth,” said New Jersey Assemblyman Vince Mazzeo. “When approved, the project will be the start of an energy transformation that will allow for a brighter and cleaner future here in Atlantic City, in Atlantic County and across the state.”

“A myriad of benefits will be realized through the experience gained in implementing the Nautilus Offshore project,” said Philip K. Beachem, president of the New Jersey Alliance for Action. “We welcome clean energy investments such as this, that have the potential to bolster economic growth across the state.”

“Nautilus is poised to create hundreds of new jobs in the short-term, as well as lay the foundation for future employment growth throughout the region. The Keystone+Mountain+Lakes Regional Council of Carpenters looks forward to expanding its clean energy workforce that will be equipped to expand New Jersey’s economy,” said William Sproule, assistant executive secretary treasurer of the Keystone+Mountain+Lakes Regional Council of Carpenters.

Liz Burdock, president and CEO of the Business Network for Offshore Wind added, “The Nautilus Offshore project is a perfect example of how states can quickly kick off the build of their offshore wind economies. Along our U.S. coastline, offshore wind provides us with the power to create unparalleled job and economic growth.”

EDF Renewables plays a leading role in offshore wind energy, having gained several years of experience with a strong portfolio of offshore wind projects in development throughout Europe totaling almost 2 gigawatts (GW), including three projects along the French coastline with 1.5 GW in total capacity, and a 450 MW offshore wind project in the UK.  EDF Renewables already operates more than 800 MW of offshore wind capacity with three projects: C-Power (325 MW) in Belgium, Teesside (62 MW) and Blyth (41.5 MW) in the UK, and the operations and maintenance of 400 MW of offshore wind capacity with the recent acquisition of a company specialized in this activity based out of Germany.

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LANSING, Mich., Aug. 29, 2018 – Officials today celebrated the opening of Delta Solar, Michigan’s largest tracking solar array that will provide the state’s capital city and region with clean energy.

Representatives of CMS Energy, the Lansing Board of Water & Light (BWL) and EDF Renewables announced the 24-megawatt, two-part project is now fully operational during an event with community leaders this morning at the combined facility, west of I-96/I-69 and north of Sundance Highway in Delta Township. Delta Solar provides enough power to serve up to 4,200 homes.

“Delta Solar illustrates CMS Energy’s commitment to our triple bottom line – supporting people, the planet and Michigan’s prosperity,” said Patti Poppe, president and CEO of CMS Energy, which owns and operates Delta Solar through its subsidiary, CMS Enterprises. “CMS Energy is excited to help power Lansing-area homes and businesses with a project that leaves our planet better than we found it.”

“This project reinforces BWL’s commitment to providing our customers with 30 percent clean energy by 2020 and 40 percent by 2030,” said BWL General Manager Dick Peffley. “We know this is what our customers want and we’re committed to giving them a clean energy future.”

Delta Solar is located on about 200 acres in Delta Township in Eaton County. The project features over 86,000 solar panels that use modern single-axis tracking technology to follow the sun’s movement, capturing more energy than traditional fixed-tilt solar modules. The project was constructed using local skilled labor and provided over 100 jobs during construction.

The Lansing Board of Water & Light has a contract to purchase the power from Delta Solar, helping the municipal utility to achieve its renewable energy goals. CMS Enterprises owns and operates the project, which was originated, developed and constructed by EDF Renewables. CMS Enterprises will manage Delta Solar’s daily operations, with EDF Renewables providing long-term maintenance services.

“EDF Renewables commends the Lansing Board of Water & Light in leading the state and the capital region to turn toward a clean and secure energy future,” said Jamie Resor, CEO of EDF Renewables Distributed Solutions. “The success of this project is directly attributable to the support we received from the community, our partners BWL and CMS Energy, and our subcontractors and suppliers.”

CMS Enterprises has been active in developing renewable energy projects in Michigan and the region. It worked with EDF Renewables to develop the 2.5-megawatt Flambeau Solar power facility last year in northern Wisconsin. CMS Enterprises also recently closed on the purchase of the 105-megawatt Northwest Ohio Wind Project in Haviland, Ohio.

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SAN DIEGO (August 1, 2018) – EDF Renewables North America announced today the signing of two Purchase and Sale Agreements (PSA) by which PGGM Infrastructure Fund will acquire a 50 percent ownership interest in the following projects: Glacier’s Edge Wind and Valentine Solar. Combined capacity of the projects is 332 megawatts (MW). Completion of the transaction is subject to regulatory approval and customary conditions precedent.

This transaction follows on an earlier agreement between the two companies concerning three projects for 588 MW. Total capacity of the portfolio (five projects in total) is 920 MW. EDF Renewables will remain a 50 percent co-owner and provide management as well as operations and maintenance services.

The agreement with EDF Renewables is part of PGGM’s fast-growing portfolio of investments in climate solutions for PFZW, the pension fund for Dutch healthcare workers. At this stage PGGM has realized €7 bn. of these investments both in private and public markets. These investments generate market rate financial returns and have measurable positive impact on the world’s carbon footprint.

Nate McMurry, director, divestiture and portfolio strategy for EDF Renewables commented, “PGGM is an ideal partner for this large portfolio of EDF Renewables developed projects. Their focus on long-term investments and interest in a diverse portfolio of wind and solar projects is well aligned with our strategy in North America. This equity partnership with PGGM will help to facilitate EDF Renewables growth.”

Erik van de Brake, head of infrastructure at PGGM commented, “EDF Renewables has a long track record of successful investments in the American sustainable energy market. The PGGM Infrastructure Fund is looking forward to building a strong long-term partnership with EDF Renewables.’’

EDF Renewables is one of the largest renewable energy developers in North America with 10 gigawatts of wind, solar, storage, biomass and biogas projects developed throughout the U.S., Canada, and Mexico.

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SAN DIEGO (June 20, 2018) – EDF Renewables announced today the signing of Purchase and Sale Agreements (PSA) by which PGGM Infrastructure Fund will acquire a 50% ownership interest in the following projects: Red Pine Wind, Rock Falls Wind, Switch Station 1 Solar and Switch Station 2 Solar. Total capacity of the portfolio of projects is 588 megawatts (MW). Completion of the transaction is subject to regulatory approval and customary conditions precedent.

EDF Renewables will remain involved in the projects as a co-owner providing management services and provider of operations and maintenance services.

Raphael Declercq, executive vice president of strategy for EDF Renewables commented, “This portfolio of wind and solar projects provides an attractive investment opportunity in the US renewable energy sector, well suited for a large pension fund. We are pleased to forge a new business relationship with PGGM and expect to follow with another transaction. We are confident that our expertise as a developer and operator complements PGGM’s renewable energy investment strategy.”

Erik van de Brake, head of infrastructure at PGGM commented, “This transaction enables PGGM to work closely with EDF Renewables, known for its great expertise in developing and operating renewable energy projects. The addition of this portfolio to our investments in renewable energy is part of PGGM’s push to build up a EUR 20 bn. impact investment portfolio across all asset classes for our client PFZW, the Dutch pension fund for the healthcare sector. With the impact investment portfolio PFZW aims to make a positive impact on climate, water scarcity, food security and healthcare.’’

EDF Renewables is one of the largest renewable energy developers in North America with 10 gigawatts of wind, solar, storage, biomass and biogas projects developed throughout the U.S., Canada, and Mexico.

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SAN DIEGO and ATLANTIC CITY, N.J. (August 6, 2018) – EDF Renewables North America and Fishermen’s Energy, today announced the submission of a joint petition for approval of the Nautilus Offshore Wind project, located in state waters off the coast of Atlantic City. The project represents a crucial opportunity for New Jersey to gain the immediate benefit of local investment, jobs, infrastructure, and offshore experience ahead of many other states looking to capitalize on this new economy. EDF Renewables and Fishermen’s Energy will contribute to the New Jersey offshore industry and deploy capital investment to bring a first project online by 2020.

The project is expected to generate skilled offshore wind construction and operations jobs, positioning the local workforce to build gigawatts of wind projects off New Jersey’s coast and up-and-down the Atlantic coast.  These workers will be the first wave of the nearly 40,000 jobs1 that are expected to be created in the US, building the 8 GW of offshore wind that’s currently in the project pipeline.

EDF Renewables will leverage its global procurement capabilities, having supply agreements in place for more than 9 GW of onshore wind in North America throughout the past decade, precise skill, and long-term relationships with suppliers to source cost of energy leading technologies.

The application shows substantial net benefits to the state at a low cost for New Jersey electric consumers. Additionally, the companies anticipate the project will further serve to improve environmental management by providing a laboratory for testing of new avian monitoring and marine mammal sensing technologies.

New Jersey will realize considerable benefits by moving forward with a small-scale project first, similar to the benefits that New England reaped from moving forward with the Block Island project years ago. Most importantly, the project will bring valuable lessons learned that will bring down the cost of future projects and position New Jersey to capture more economic value as the state continues to develop its most abundant natural energy resource.

1 BVG Associates, LTD. (2017). U.S. Job Creation in Offshore Wind A Report for the Roadmap Project for Multi-State Cooperation on Offshore Wind(Report No. 17-22). Retrieved from Northeast Wind Center website: www.northeastwindcenter.org/wp-content/uploads/US-job-creation-in-offshore-wind.pdf

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EDF Renewables North America Signs Agreement with MidAmerican Energy | EDF Renewables

SAN DIEGO and DES MOINES, Iowa (July 24, 2018) – EDF Renewables North America today announced they have closed on an Asset Purchase Agreement (APA) whereby MidAmerican Energy Company has purchased the development assets associated with the Ivester Wind Project. The proposed 91-megawatt (MW) wind project encompasses nearly 7,000 acres of land in Grundy County, approximately 85 miles northeast of Des Moines, Iowa.

Kate O’Hair, vice president of development for EDF Renewables’ North Region stated, “We are pleased to once again work with MidAmerican Energy to assist them in meeting their renewable energy goals. This opportunity expands on our long-term business relationship having partnered on 771 MW of wind facilities in Iowa.”

The transaction contributes to MidAmerican Energy’s 2,000 MW Wind XI project, first announced in April 2016. By year-end 2020, the company expects annual renewable energy generation to reach a level that’s equivalent to more than 90% of annual retail customer usage.

O’Hair further added, “The development of renewable energy is a critically important task for the nation and for local rural communities. We applaud MidAmerican Energy for their vision and commitment to construct additional wind energy generation and allow economic and environmental benefits to preserve the rural Iowa lifestyle.”

SAN DIEGO and CEDAR RAPIDS, Iowa (June 13, 2018)EDF Renewables and Alliant Energy’s Iowa energy company, today announced the signing of contracts by which EDF Renewables will develop and construct up to 200 megawatts (MW) of the Golden Plains Wind Project.

Golden Plains Wind Project is located in Winnebago and Kossuth counties in the north central portion of Iowa. The Project is expected to create 150+ construction jobs as well as inject millions of dollars in economic benefits to the local area. The project will be completed by early 2020 and is expected to produce enough clean energy to power 87,000 average homes a year.

“We are pleased to partner with Alliant Energy to deliver competitively-priced, clean energy to its customers through the Golden Plains Wind Project,” said Kate O’Hair, vice president development, North Region at EDF Renewables. “The Project will also provide an economic boost to the Iowa economy, through new construction and operations jobs, expanded tax base, and recurring, long-term income for participating landowners.”

Golden Plains wind farm is part of Alliant Energy’s plan to add 1,000 MW of new wind generation to Iowa by the end of 2020.

“Wind energy is a win for Iowans,” said Doug Kopp, president of Alliant Energy’s Iowa energy company. “The benefits of this project help customers through reductions in emissions and fuel cost. It gives landowners lease payments to help on the farm and it helps communities through increased local tax revenue for schools and community services.”

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