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How EnBW Plans to Become the Next Big US Offshore Wind Player

August 8, 2019

It’s neither easy nor cheap to get a piece of action in the U.S. offshore wind market these days, but EnBW has come tantalizingly close.

In last December’s auction for a trio of lease areas, the winning development groups ponied up a record $135 million each for prime zones facing Massachusetts. Bidding through its East Wind LLC unit, EnBW was the last developer left on the sideline — its final offer of $128 million falling just short after more than 30 rounds of bidding.

History seldom remembers the also-rans. But EnBW, a large German utility, still has every intention of putting its stamp on the U.S. offshore wind market. The company’s scale and track record suggest that, even in a crowded field, the market should take those ambitions seriously.

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