RES enters agreement to transfer New Jersey offshore wind lease to DONG EnergyLease Transfer Agreement • January 11th, 2022
Contract Type FiledJanuary 11th, 2022On November 9, 2015, the Bureau of Ocean Energy Management (BOEM) held a commercial auction for two offshore wind leases on the Outer Continental Shelf (OCS) off the coast of New Jersey with a capacity of approximately 2,000 MW. RES, one of the leading U.S. renewable energy developers with over 16 years of European offshore wind experience through its parent company, participated in the auction and secured the lease for Area OCS-A 0498 (South Area) , an area which could accommodate more than 1,000 MW to be built after 2020. RES has applied to the BOEM to transfer its rights to this area to DONG Energy.