RWE Renewables | February 28, 2022
RWE Renewables, one of the globally leading companies in offshore wind announced its success in the New York Bight offshore lease auction in the U.S. Through the joint venture 'Bight Wind LLC', RWE secured area OCS-A 0539 with a winning bid of $1.1 billion. The awarded seabed has the potential to host 3 gigawatts (MW) of capacity, enough to power 1.1 million U.S. homes. The project is expected to be in operation toward the end of the decade.
The auction consisted of six leases, a record in the U.S. for the most leases available in a single auction. Under the auction, format bidders were limited to winning one lease area only. A winning bid provides the rights to develop the lease area and to participate in upcoming New York state offtake auctions, the first of which is expected later this year.
Sven Utermöhlen, CEO Offshore Wind of RWE Renewables: "Winning a lease in the New York auction is a significant move for us as it marks RWE's entry into the U.S. offshore wind market, one of our key strategic markets. Our success in this auction means an important step on the road to tripling our offshore wind capacity to 8 gigawatts by 2030, as part of our 'Growing Green' growth and investment programme. Now we're looking forward to developing our first offshore wind project in the U.S. and to contribute to the region's offshore build-out targets."
We are thrilled to be joining the U.S. offshore wind industry. This is an important first step to building our long-term offshore wind business in the U.S. I look forward to working with our great team, our partners and vendors, and the local communities to support the region's climate goals by producing affordable, clean energy while creating good local jobs and private investment in New York and New Jersey."
Sam Eaton, RWE Senior Vice President, Offshore Development Americas
The next step for RWE to fully meet requirements is to engage in community outreach with local tribes, the fishing industry and other ocean users; engage with the domestic supply chain to create new local jobs and private investments; and also enter into project labour agreements to pay laborers at prevailing wage rates.
Offshore wind will be critical for the U.S., particularly in the Northeast, to reduce the region's carbon emissions and meet climate goals, including New York state's target of bringing 9,000 MW of offshore wind online by 2035 and New Jersey's target of delivering 7,500 MWs of offshore wind by 2035. Importantly, the region's clean energy goals will also deliver significant new jobs and private investment to support the growth of the region's economy.
RWE is one of the world's leading companies in offshore wind, active across the entire value chain, from project conception and development to construction as well as operation and maintenance. The unparalleled expertise the company has earned over the last 20 years has resulted in 17 wind farms in operation. The company recently finished successfully the installation of all turbines of the 857 MW offshore wind farm Triton Knoll off the English Coast. Two more projects, the 342 MW project Kaskasi, off the German island Heligoland, and the 1.4 GW project Sofia, one of the largest offshore wind farms in the world, are currently under construction.
Amshore | February 23, 2022
Amshore, a renewable energy development leader, announced the promotion of senior project developer Aaron Young to the role of Vice President of Development.
In his new role, Aaron leads the development strategy, execution and team focused on helping utility companies and independent power producers expand their renewable energy projects throughout North America. Aaron joined Amshore in 2014 and has developed and assisted in the development and construction of key projects throughout the country. Over the last 20 years, Amshore has originated and developed solar and wind energy facilities generating 2.9 gigawatts of power covering over a half a million acres.
We continue to invest in our team and capabilities as a leading renewable energy developer to help our valued clients. With his in-the-field renewable energy development experience and his history at our company, Aaron will continue to deliver results for our clients and help shape the future of Amshore as we grow and expand.”
Deana Strunk, Owner, Amshore
“Development is at the core of one of the most exciting industries within the energy sector—renewable energy,” said Young. “Our highest priority is helping our clients and partners bring clean power to the world. I look forward to leading our team as we continue to invest in our renewable development services.”
Aaron received a Bachelor of Science degree in Wind Energy with a concentration in project development from Texas Tech University.
Amshore Renewable Energy specializes in developing sustainable energy solutions for utility companies and independent power producers looking to expand their renewable energy projects throughout North America. Amshore has originated and developed solar and wind energy facilities generating 2.9 gigawatts of power covering over a half a million acres, and the company offers advanced energy management control and novel energy storage systems. Established in 2002, Amshore is based in the Dallas, Texas, area.
Indiana Michigan Power | February 02, 2022
Indiana Michigan Power, an American Electric Power company, submitted a plan with the Indiana Utility Regulatory Commission that calls for adding more than 2,000 megawatts of wind and solar energy generation by 2028.
The Powering the Next Tomorrow plan is designed to ensure reliable, sustainable energy for I&M customers from a resilient grid using diverse generation sources.
I&M is pleased to continue its responsible, systematic transition to cleaner generation sources while ensuring we will meet our customers' needs for safe, reliable energy long into the future. I&M is Powering the Next Tomorrow by harnessing energy from the sun and wind, while ensuring we continue to have the necessary resources to power the homes, businesses and factories we serve 24/7."
Steve Baker, president and chief operating officer of I&M
I&M's intentions are described in its Integrated Resource Plan (IRP), which provides a detailed analysis of future energy needs and how the company will meet those needs over the next 20 years. Though long-term plans are subject to revisions, I&M's near-term plans to add more than 2,000 megawatts (MW) of wind and solar by 2028 have a higher degree of certainty. The new clean resources are expected to generate enough energy to power 400,000 typical homes.
The first step will occur in coming months, when I&M issues a request for proposal (RFP) for approximately 800 MW of wind and approximately 500 MW of solar to meet customer needs, with half of those resources generating energy in 2025 and the remainder by 2026. A second RFP is planned for later seeking proposals for about 800 MW of solar, 60 MW of battery storage and 1,000 MW from gas "peaking" units to meet the needs by 2028. Together, the new resources would more than quadruple I&M's current solar and wind generation.
I&M continues to evaluate the best ways to ensure customers have reliable power 24/7/365, including when the sun doesn't shine or wind doesn't blow. With the retirement of I&M's coal-fueled Rockport Plant scheduled by 2028, the company's plans include natural-gas "peaking" units that are expected to be the most cost-effective, reliable source of additional power. These resources would generate power only during periods of high energy use and would potentially utilize hydrogen as a future fuel source to optimize environmental performance.
Powering the Next Tomorrow significantly reduces reliance on coal-fueled generation and is another step toward supporting parent company AEP's goals of achieving net zero carbon by 2050.
Including Cook Nuclear Plant, wind and solar resources as well as power from six water-powered hydro-electric plants, 85% of the energy I&M generated in 2020 was carbon-emission free.
I&M is required to submit a 20-year plan to the Indiana Utility Regulatory Commission every three years. The plan was developed during 2021 and included five meetings with stakeholders representing a variety of interests.
About Indiana Michigan Power
Indiana Michigan Power (I&M) is headquartered in Fort Wayne, and its approximately 2,100 employees serve more than 600,000 customers. More than 85% of its energy delivered in 2020 was emission-free. I&M has at its availability various sources of generation including 2,278 MW of nuclear generation in Michigan, 450 MW of purchased wind generation from Indiana, more than 22 MW of hydro generation in both states, nearly 35 MW of large-scale solar generation in both states, and 2,620 MW of coal-fueled generation in Indiana.
About American Electric Power
American Electric Power, based in Columbus, Ohio, is powering a cleaner, brighter energy future for its customers and communities. AEP's approximately 16,700 employees operate and maintain the nation's largest electricity transmission system and more than 224,000 miles of distribution lines to safely deliver reliable and affordable power to 5.5 million regulated customers in 11 states. AEP also is one of the nation's largest electricity producers with approximately 31,000 megawatts of diverse generating capacity, including more than 5,900 megawatts of renewable energy. The company's plans include growing its renewable generation portfolio to approximately 50% of total capacity by 2030. AEP is on track to reach an 80% reduction in carbon dioxide emissions from 2000 levels by 2030 and has committed to achieving net zero by 2050. AEP is recognized consistently for its focus on sustainability, community engagement, and diversity, equity and inclusion. AEP's family of companies includes utilities AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana, east Texas and the Texas Panhandle). AEP also owns AEP Energy, which provides innovative competitive energy solutions nationwide.