October 3, 2023 — A wind energy developer owned by France’s TotalEnergies (TTEF.PA) and a unit of Macquarie (MQG.AX) said on Monday it is bidding to build a wind farm off New Jersey’s coast, expressing confidence in the sector after a series of U.S. setbacks.
Spinning power from coastal wind turbines is central to President Joe Biden’s plan to decarbonise the U.S. economy by 2050, but his installation targets are slipping out of reach due to soaring costs, high interest rates and supply chain delays
Bucking that trend, developer Attentive Energy has now proposed to build a site with up to 1.34 gigawatts (GW), capable of powering more than 600,000 homes. Corio Generation, a dedicated offshore wind developer owned by the green investment unit of Australian conglomerate Macquarie, joined TotalEnergies in Attentive Energy last month.
“We are confident in the long-term outlook and fundamentals for U.S. offshore wind,” said Corio Generation Chief Executive Jonathan Cole.