US Wind
{{short description|Wind energy company}}
{{Use American English|date=July 2025}}
{{Infobox company
| name = US Wind
| logo =
| type =
| traded_as =
| predecessor =
| successor =
| founder =
| defunct =
| fate =
| area_served = East Coast of the United States
| key_people =
| industry = Renewable energy
| products = Offshore wind power
| services =
| revenue =
| operating_income =
| net_income =
| assets =
| equity =
| owner = Renexia SpA
| num_employees =
| parent = Toto Holdings
| divisions =
| subsid =
| footnotes =
| intl =
| caption =
| foundation = 2011
| location_city = Baltimore, Maryland
| location_country = U.S.
| location =
| locations =
| homepage = [http://www.uswindinc.com/ US Wind]
}}
US Wind is an offshore wind energy development company founded in 2011. US Wind is owned by funds managed by Apollo Global Management, an American investment firm, and Renexia SpA, a subsidiary of Toto Holding SpA.{{cite news |title=Apollo to acquire stake in renewable energy developer US Wind for $265 million |url=https://www.reuters.com/article/world/americas/apollo-to-acquire-stake-in-renewable-energy-developer-us-wind-for-265-million-idUSKCN25A1XU/ |work=Reuters |date=August 14, 2020}}{{Cite web|url=https://www.apollo.com/insights-news/pressreleases/2020/08/apollo-infrastructure-funds-announce-strategic-investment-in-us-offshore-wind-developer-us-wind-inc-120005013|title=Apollo Infrastructure Funds Announce Strategic Investment in US Offshore Wind Developer US Wind Inc.|website=apollo.com|access-date=2024-11-20|archive-date=2024-10-15|archive-url=https://web.archive.org/web/20241015230514/https://www.apollo.com/insights-news/pressreleases/2020/08/apollo-infrastructure-funds-announce-strategic-investment-in-us-offshore-wind-developer-us-wind-inc-120005013|url-status=live|date=August 14, 2020}} It is headquartered in Baltimore, Maryland.{{Cite web|url=https://uswindinc.com/about-us/|title=About Us|access-date=2021-10-06|archive-date=2020-09-13|archive-url=https://web.archive.org/web/20200913053146/http://www.uswindinc.com/about-us/|url-status=live|website=uswindinc.com}} Since 2014, it has been involved in offshore wind farm projects in the United States.
Activities
On December 1, 2014 US Wind won the auction for 25-year leases for two Wind Energy Areas (WEA) (OCS-A 0489, and OCS-A 0490) established by the Bureau of Ocean Energy Management (BOEM) with a bid of $8.7 million.{{Cite web|url=https://www.boem.gov/renewable-energy/state-activities/maryland-activities|title=Maryland Activities | Bureau of Ocean Energy Management|website=Boem.gov|access-date=2019-12-07|archive-date=2020-06-06|archive-url=https://web.archive.org/web/20200606233215/https://www.boem.gov/renewable-energy/state-activities/maryland-activities|url-status=dead}} On March 1, 2018, the two lease areas were administratively merged into a single lease area referred to as OCS-A 0490.{{cite web |title=MarWin Offshore Wind Farm |url=https://www.nsenergybusiness.com/projects/marwin-offshore-wind-farm/ |publisher=NS Energy |access-date=22 December 2024 |date=28 October 2022}} On May 11, 2017, US Wind won an Offshore Renewable Energy Credit (OREC) award from the Maryland Public Service Commission, enabling it to develop 248 megawatts (MW) of offshore wind in its lease area. This is referred to as the MarWin project. On December 17, 2021, US Wind won an OREC award from the Maryland PSC enabling it to develop 808.5 MW of offshore wind. This second award is referred to as the Momentum Wind project. Both projects are proposed to be developed in the merged lease area OCS-A 0490.{{cite web |author=Maryland PSC |date=19 November 2017 |title=Maryland PSC Awards ORECS to Two Offshore Wind Developers Projects to Create Jobs, Economic Development in New Industry |url=https://www.psc.state.md.us/wp-content/uploads/PSC-Awards-ORECs-to-US-Wind-Skipjack.pdf |url-status=live |archive-url=https://web.archive.org/web/20171025212929/https://www.psc.state.md.us/wp-content/uploads/PSC-Awards-ORECs-to-US-Wind-Skipjack.pdf |archive-date=2017-10-25 |access-date=2024-12-19 |work=psc.state.md}}{{cite web |author=Maryland PSC |date=17 December 2021 |title=Maryland PSC Decision Expands Offshore Wind Development |url=https://www.psc.state.md.us/wp-content/uploads/Maryland-PSC-Decision-Expands-Offshore-Wind-Development_12172021.pdf |url-status=live |archive-url=https://web.archive.org/web/20211220194150/https://www.psc.state.md.us/wp-content/uploads/Maryland-PSC-Decision-Expands-Offshore-Wind-Development_12172021.pdf |archive-date=2021-12-20 |access-date=2024-12-19 |work=psc.state.md}}{{cite web |author=Chris Flood |date=31 December 2021 |title=Ørsted selected to expand windfarm area off Delaware coast |url=https://www.capegazette.com/article/%C3%B8rsted-selected-expand-windfarm-area-delaware-coast/232524 |url-status=live |archive-url=https://web.archive.org/web/20211231121959/https://www.capegazette.com/article/%C3%B8rsted-selected-expand-windfarm-area-delaware-coast/232524 |archive-date=2021-12-31 |access-date=2024-12-19 |work=capegazette.com}}
Both phases were approved by Bureau of Ocean Energy Management in September 2024.{{Cite web |date=2024-09-05 |title=Biden-Harris Administration Marks Major Milestones for Offshore Wind, Approves Tenth Project {{!}} U.S. Department of the Interior |url=https://www.doi.gov/pressreleases/biden-harris-administration-marks-major-milestones-offshore-wind-approves-tenth |access-date=2024-09-06 |website=www.doi.gov |language=en}} Onshore construction may begin in 2025 after remaining state permits are received.{{Cite web |last=McVety |first=Molly |title=Offshore wind project off Delaware, Maryland coast gets approved. Here's what comes next |url=https://www.delawareonline.com/story/money/business/2024/09/05/offshore-us-wind-project-off-delmarva-delaware-maryland-coast-has-been-approved/75086914007/ |access-date=2024-09-06 |website=The News Journal |language=en-US}}
US Wind has committed to the development of a wind port and steel factory at Tradepoint Atlantic in Sparrows Point, Maryland.{{cite web|url=https://www.bizjournals.com/baltimore/news/2021/08/03/us-wind-steel-tradepoint-atlantic-offshore.html|title=US Wind to bring steel fabrication back to Sparrows Point with multi-million dollar investment|website=Bizjournals.com|access-date=November 28, 2021}}
The company had also acquired a lease for the New Jersey WEA North, which it later sold.{{Cite web|url=https://www.greentechmedia.com/articles/read/after-early-windfall-offshore-developer-plays-long-game-in-maryland|title=After Early Windfall, Offshore Developer Settles In for Long Game in Maryland|first=Karl-Erik|last=Stromsta|date=October 9, 2019|website=Greentechmedia.com|access-date=January 4, 2020|archive-date=October 22, 2019|archive-url=https://web.archive.org/web/20191022022426/https://www.greentechmedia.com/articles/read/after-early-windfall-offshore-developer-plays-long-game-in-maryland|url-status=live}}{{Cite web|url=https://www.spglobal.com/marketintelligence/en/news-insights/trending/6ipYazAUf0zV91lSABtAEQ2|title=Shell, EDF Renewables form venture to buy offshore wind lease off New Jersey|website=Spglobal.com|access-date=2019-12-07|archive-date=2019-12-07|archive-url=https://web.archive.org/web/20191207200943/https://www.spglobal.com/marketintelligence/en/news-insights/trending/6ipYazAUf0zV91lSABtAEQ2|url-status=live}} It also pursuing WEA leases in South Carolina.{{cite web|url=https://www.bizjournals.com/baltimore/news/2018/12/21/us-wind-sells-offshore-lease-in-new-jersey-to.html|title=US Wind sells offshore lease in New Jersey to focus on Md.'s 'advanced' market|website=Bizjournals.com|access-date=November 28, 2021}}
In January 2025 US Wind reached an agreement with the state of Delaware to provide $40 million in community benefits in return for renewable energy credits and underground transmission cable siting at coastal state parks.{{Cite news |title=Delaware signs $128m deal with US Wind |url=https://renews.biz/97980/delaware-signs-128m-deal-with-us-wind/?utm_medium=email |archive-url= |work=Renews.biz}}
Projects
See also
References
{{Reflist}}
{{Wind power in the United States}}
Category:Wind farms in Maryland
Category:Offshore wind farms in the United States