EnBW is to sell its US offshore wind business to TotalEnergies.
The Germany developer, which together with the French oil major secured a lease in last week’s New York Bight auction, said its focus will now be on the European market.
A price for the sale was not disclosed.
EnBW has been working in the US offshore wind space for several years and failed to win a lease in the 2018 Massachusetts lease sale.
EnBW senior vice president power generation/portfolio development Michael Class said: “We are pleased to have been able to contribute our offshore expertise and experience to this joint success.
“At the same time, now is also the right time for us to realign our offshore activities with focus on the European market.
“We would like to thank our partner TotalEnergies for the excellent cooperation and congratulate them on this auction success.
“We will continue to support our partner with our expertise and look forward to further future collaborations.”
TotalEnergies chairman and chief executive Patrick Pouyanne said: “This grand entrance into offshore wind in the US is a major step toward our goal of reaching 100GW of renewable electricity generation capacity worldwide by 2030.
“This development adds another dimension to our renewable business in the US, currently representing 4GW of solar farms under development.
“This is the largest renewable energy project TotalEnergies has ever undertaken and we now have a portfolio of over 10GW of offshore wind projects, a technology in which we aim to be a world leader by leveraging our offshore expertise.”
EnBW currently is developing the 900MW North Sea wind farm He Dreiht. In 2021 and 2022 EnBW was successful in auctions in England/Wales and Scotland where it will develop three offshore wind farms with a combined capacity of approximately 6GW.
The company also highlighted bigger offshore wind targets in its home market of Germany.
The lease areas secured in the New York Bight auction is named OCS-A 0538.
It is 87km from the coasts, covers 341 square km and could accommodate a generation capacity of at least 3GW.
The project is expected to come online by 2028.