Investor Consortium Backs Invenergy’s New York Bight Project

Blackstone Infrastructure Partners, Caisse de dépôt et placement du Québec (CDPQ), First Light Power, and Ullico Infrastructure Fund will fund an offshore wind project planned to be built at one of the New York Bight sites, for which Invenergy Wind Offshore LLC, a development entity led by project sponsors Invenergy and energyRe, was named the provisional winner in the latest offshore wind auction in the US.

Invenergy LLC

Invenergy will serve as lead developer of the project, while the consortium of investors led by the sponsors and composed of Blackstone Infrastructure Partners, CDPQ, First Light Power, and Ullico Infrastructure Fund will provide funding for the project.

In February, the US Bureau of Ocean Energy Management (BOEM) named Invenergy the provisional winner for the 83,976-acre area of seabed, which the company secured with a winning bid of USD 645 million.

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The OCS-A 0542 lease site, located in the Hudson South area, is adjacent to the site secured by Shell and EDF Renewables-owned Atlantic Shores Offshore Wind Bight.

According to information released earlier by BOEM, the site can accommodate installed offshore wind capacity of 934 MW. However, the agency noted that all sites could see bigger installed capacities, mostly due to technological advancements in the industry.

Before the New York Bight leases are finalised, the Department of Justice and Federal Trade Commission will conduct an anti-competitiveness review of the auction, and the provisional winners will be required to pay the winning bids and provide financial assurance to BOEM.

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Photo: Invenergy LLC