US Wind explained
US Wind is an offshore wind energy development company founded in 2011. US Wind is owned by funds managed by Apollo Global Management, an American investment firm, and Renexia SpA, a subsidiary of Toto Holding SpA.[1] [2] It is headquartered in Baltimore, Maryland.[3] Since 2014, it has been involved in an offshore wind farm project in the United States.
Activities
In 2014 US Wind won the auction for a 25-year leases for both Wind Energy Areas (WEA) in Maryland established by the BOEM with a bid of $8.7 million; OCS-A 0489 (Momentum Wind) was later merged into OCS-A 0490 (MarWin).[4] [5] [6] Development of their project was hindered by the uncertainty of government direction since the state legislature and local governments are considering banning certain areas and increasing the distance from the shoreline for wind turbines.[7] As of the summer of 2016 US Wind had completed underwater surveys of the potential sites about a dozen miles off the coast of Maryland and was submitting plans for environmental review by year end.[8] The project had gained initial approval in 2017 and was reviewed in 2019 when a change in turbine heights was introduced.[9] Studies of the site were begun in April 2021.[10]
The company had also acquired a lease for the New Jersey WEA North, which it later sold.[11] [12] It also pursuing WEA leases in South Carolina.[13]
US Wind has committed to the development of a wind port and steel factory at Tradepoint Atlantic in Sparrows Point, Maryland.[14]
Both phases were approved by Bureau of Ocean Energy Management in September 2024.[15] Onshore construction may begin in 2025 after remaining state permits are received.[16]
Projects
See also
Notes and References
- News: Apollo to acquire stake in renewable energy developer US Wind for $265 million . Reuters . August 14, 2020.
- Web site: Apollo Infrastructure Funds Announce Strategic Investment in US Offshore Wind Developer US Wind Inc.. apollo.com. 2024-11-20. 2024-10-15. https://web.archive.org/web/20241015230514/https://www.apollo.com/insights-news/pressreleases/2020/08/apollo-infrastructure-funds-announce-strategic-investment-in-us-offshore-wind-developer-us-wind-inc-120005013. live. August 14, 2020.
- Web site: About Us. 2021-10-06. 2020-09-13. https://web.archive.org/web/20200913053146/http://www.uswindinc.com/about-us/. live.
- Web site: Maryland Activities | Bureau of Ocean Energy Management. Boem.gov. 2019-12-07. 2020-06-06. https://web.archive.org/web/20200606233215/https://www.boem.gov/renewable-energy/state-activities/maryland-activities. live.
- Web site: Interior Auctions 80,000 Acres Offshore Maryland for Wind Energy Development, Advances President's Climate Action Plan. Doi.gov. 2015-05-17. 2015-05-17. https://web.archive.org/web/20150517122221/http://www.doi.gov/news/pressreleases/interior-auctions-80000-acres-offshore-maryland-for-wind-energy-development-advances-presidents-climate-action-plan.cfm. live.
- Web site: Md. takes step closer to offshore wind turbines. Aaron Nathans. 20 August 2014. Delawareonline. 2015-05-17. 2016-02-01. https://web.archive.org/web/20160201073202/http://www.delawareonline.com/story/money/business/2014/08/20/md-takes-step-closer-offshore-wind-turbines/14360391/. live.
- Web site: Shore wind project scrapped amid political roadblocks. Baltimore Sun. 6 April 2015. Baltimoresun.com. 2015-05-17. 2015-05-18. https://web.archive.org/web/20150518202914/http://www.baltimoresun.com/features/green/blog/bs-md-wind-energy-hurdles-20150406-story.html#page=1. live.
- News: Planning for Md. offshore wind project gets underway. Wheeler. Timothy B.. baltimoresun.com. 2017-01-06. 2017-01-07. https://web.archive.org/web/20170107005115/http://www.baltimoresun.com/news/maryland/bs-md-offshore-wind-20150619-story.html. live.
- Web site: Taller, more distant turbines put Ocean City offshore wind projects back under state review. Julia. Rentsch. Delmarva Daily Times. 2019-12-07. 2019-12-06. https://web.archive.org/web/20191206192527/https://www.delmarvanow.com/story/news/2019/11/19/changes-may-coming-wind-farms-sited-off-ocean-city-orsted-marwin-wind-farm-rick-meehan/4194443002/. live.
- Web site: US Wind Begins Surveys Offshore Maryland. 12 April 2021. Offshorewind.biz. 28 November 2021.
- Web site: After Early Windfall, Offshore Developer Settles In for Long Game in Maryland. Karl-Erik. Stromsta. October 9, 2019. Greentechmedia.com. January 4, 2020. October 22, 2019. https://web.archive.org/web/20191022022426/https://www.greentechmedia.com/articles/read/after-early-windfall-offshore-developer-plays-long-game-in-maryland. live.
- Web site: Shell, EDF Renewables form venture to buy offshore wind lease off New Jersey. Spglobal.com. 2019-12-07. 2019-12-07. https://web.archive.org/web/20191207200943/https://www.spglobal.com/marketintelligence/en/news-insights/trending/6ipYazAUf0zV91lSABtAEQ2. live.
- Web site: US Wind sells offshore lease in New Jersey to focus on Md.'s 'advanced' market. Bizjournals.com. November 28, 2021.
- Web site: US Wind to bring steel fabrication back to Sparrows Point with multi-million dollar investment. Bizjournals.com. November 28, 2021.
- Web site: 2024-09-05 . Biden-Harris Administration Marks Major Milestones for Offshore Wind, Approves Tenth Project U.S. Department of the Interior . 2024-09-06 . www.doi.gov . en.
- Web site: McVety . Molly . Offshore wind project off Delaware, Maryland coast gets approved. Here's what comes next . 2024-09-06 . The News Journal . en-US.
- Web site: US Wind Maryland (MarWin) – Offshore Wind Farm Project | 4C Offshore. 4coffshore.com. 2019-12-07. 2019-12-06. https://web.archive.org/web/20191206204652/https://www.4coffshore.com/windfarms/United-States/us-wind-maryland-(marwin)-united-states-us4x.html. live.
- Web site: Maryland Offshore Wind Project. 2019-12-07. 2019-12-04. https://web.archive.org/web/20191204131547/http://www.uswindinc.com/maryland-offshore-wind-project/. live.
- Cichon, Meg. "Third US Offshore Wind Lease Auction Goes to Italy-based US Wind " 20 August 2014. Accessed: 10 December 2014.
- Web site: Maryland PSC Gives Go-Ahead to US Wind, Deepwater Wind Projects. May 11, 2017. Offshore Wind. December 7, 2019. December 6, 2019. https://web.archive.org/web/20191206204804/https://www.offshorewind.biz/2017/05/11/maryland-psc-gives-go-ahead-to-us-wind-deepwater-wind-projects/. live.
- Web site: Interior Auctions 80,000 Acres Offshore Maryland for Wind Energy Development, Advances President's Climate Action Plan. August 19, 2014. Doi.gov. December 7, 2019. June 7, 2020. https://web.archive.org/web/20200607120107/https://www.doi.gov/news/pressreleases/interior-auctions-80000-acres-offshore-maryland-for-wind-energy-development-advances-presidents-climate-action-plan. live.
- Web site: Momentum Wind Offshore Wind Farm - Concept/Early Planning - United States | 4C Offshore. 4coffshore.com. 28 November 2021.
- Web site: US Wind plans 1.2GW offshore wind farm off Maryland. Craig. Richard. Windpowermonthly.com. 28 November 2021.
- Web site: Momentum Wind. Uswindinc.com. 28 November 2021.