RES America transfers East Coast wind development lease to Danish firm

BROOMFIELD — RES America Developments Inc., a subsidiary of Broomfield-based Renewable Energy Systems Americas Inc., said Tuesday it has reached an agreement to transfer a U.S. offshore wind-development lease off the coast of New Jersey to Denmark-based DONG Energy.

Financial terms of the transfer were not disclosed.

In November, RES America agreed to pay almost $881,000 for the lease area, with about 160,480 acres that starts eight miles offshore and extends 24 miles seaward with water depths of about 80 feet, according to the Bureau of Ocean Energy Management.

Earlier in 2015, Res America won a bid of $281,285 to lease 187,000 acres on which to develop a wind farm about 56 miles off the coast of Massachusetts with water depths between 131 and 164 feet. Three months later, it transferred the lease to DONG Energy.

The New Jersey site may provide as much as 3,400 megawatts of wind energy from offshore turbines if fully developed, enough for 1.2 million homes, according to estimates by the U.S. Energy Department.”

“We are excited to be continuing our close relationship with DONG Energy through this major project as they increase their participation in the U.S. market,” Glen Davis, chief executive of RES Americas, said in a prepared statement. “Leveraging our development expertise, along with DONG Energy’s experience in offshore wind, we look forward to helping the Bureau of Ocean Energy Management with its goal to create jobs, develop clean-energy resources, and reduce carbon emissions.”

The RES Group has developed and/or built more than 10 gigawatts of renewable-energy capacity worldwide and has an asset-management portfolio exceeding 1 gigawatt. A gigawatt is equal to 1 billion watts.  The group also is active in a range of renewable technologies including onshore wind, solar, energy storage, transmission and demand-side management.

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