Q2 2021 Financial Highlights and Offshore Wind Build-Out Plan
Offshore market development - US
Massachusetts
Connecticut
New York
Target of 3.2 GW of offshore wind capacity by 2030 target
• Current auction ongoing for up to 1.6 GW of offshore wind capacity with bid award expected 17 December 2021
Target of 2 GW of offshore wind capacity by 2030, of which 1.2 GW remains available
• Next auction of approx. 1 GW expected in H2 2021-2023
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Target 9 GW offshore wind by 2035
2.5 GW awarded in Q1 2021 and 4.2 GW in total
New Jersey
⚫ BOEM announced a proposed sale of lease areas in the New York Bight that could unlock up to 7 GW. Sale expected to commence in H2 2021/H1 2022
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Target of 7.5 GW offshore wind capacity by 2035, of which 3.8 GW remains available following recent awards to Ocean Wind 2 and Atlantic Shores
Next auction of 1.2 GW expected in 2022
Target of approx. 1.6 GW offshore wind by 2030, of which 1.2 GW remains available
Maryland
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Current solicitation ongoing with bid award expected by end 2021
Virginia
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Solicitations in 2020, 2021 and 2022 to procure around 1.2 GW cumulatively
Signed Clean Economy Act for development of at least 5.2 GW of offshore wind by 2034
Executive order signed establishing a non-binding 2.5 GW offshore wind target by 2026
• Executive order signed to power the state with 100% renewable energy by 2030
Rhode Island
• Next auction of up to 600 MW expected in H2 2021
• First BOEM lease auction expected in 2022
California
• State modeling shows approx. 10 GW of offshore wind needed to meet the legislative mandate for 100% clean power by 2045
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All auction and tender timelines and capacities based on current expectations and subject to change
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