10/27/2023

TotalEnergies joins forces with Corio and Rise for US offshore wind projects

The Attentive Energy project aims to develop more than 3 gigawatts of offshore wind located 54 miles from New York State and 42 miles from New Jersey shores.

Official Press Release TotalEnergies:

United States: TotalEnergies joins forces with Corio and Rise to develop 3+ GW wind project offshore New York & New Jersey

TotalEnergies today announces it partnered with Corio Generation (Corio), an offshore wind developer, and Rise Light & Power (Rise), a New York-based electricity producer, for the joint development of the Attentive Energy offshore wind project off the coast of New York and New Jersey.

Corio and Rise took respective stakes of 27.7% and 16.3% in the Attentive Energy project. Rise will also contribute its assets and interconnection capabilities in New York City to the project. In exchange, TotalEnergies, which retains the remaining 56%, received a total cash consideration of $420 million. TotalEnergies had secured, in February 2022, 100% of maritime lease OCS-A 0538 at the New York Bight auction. The Attentive Energy project aims to develop more than 3 gigawatts (GW) of... ... More: Official Press Release TotalEnergies