Ocean Winds has assumed full ownership of a US offshore wind project off the coast of Massachusetts by acquiring Shell’s 50% stake.
Ocean Winds continues a partnership strategy in the US and intends to bring in a new 50% partner ahead of final investment decision for SouthCoast Wind.
The company’s chief operating officer Grzegorz Gorski said: “We recognize Shell’s decision and want to thank them for working together since the inception of the SouthCoast Wind project.”
Ocean Wind’s North America chief executive Michael Brown added: “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.”