Attentive Energy successful in solicitation to supply 1.34 GW to New Jersey
Global offshore wind developer Corio Generation and its partner TotalEnergies are pleased to announce that their Attentive Energy Two offshore wind project has been selected to supply renewable electricity to the state of New Jersey. The decision by the New Jersey Board of Public Utilities (BPU) gives Attentive Energy Two a 20-year contract to sell a vital 1.34 GW of renewable, reliable offshore wind-generated energy into the Garden State.
The Attentive Energy Two project has the potential to deliver power to some 650,000 homes and generate billions of dollars in economic activity state-wide, creating lasting opportunities in all 21 counties of New Jersey. The BPU’s selected bid provides a path for Attentive Energy Two to invest some $105 million in local communities, building on Corio’s legacy of supporting projects that create jobs, prioritise biodiversity, and provide financial opportunity for ratepayers and project developers. The windfarm is expected to be commissioned in 2031.
The decision by the BPU comes several months after the New York State Energy Research and Development Authority (NYSERDA) selected the nearby 1.4 GW Attentive Energy One project, a joint venture between Corio, TotalEnergies and Rise Light and Power, for a provisional 25-year award in October 2023. Both Attentive Energy projects are on seabed lease OCS-A 0538, a site secured by TotalEnergies in the February 2022 New York Bight Auction.
Upon the BPU selection, Jonathan Cole, CEO of Corio Generation, said: “The award of this long-term contract is a great achievement for Attentive Energy and great news for the people of New Jersey. The Attentive Energy Two project will deliver clean, green energy to hundreds of thousands of New Jersey residents and stimulate billions of dollars of regional investment.
“Added together, our Attentive Energy projects could deliver almost 3 GW of renewable electricity to the Atlantic east coast, allowing Corio and our partners to make a milestone contribution to the United States’ transition to a secure, renewable and low-carbon energy future.”
Eric Thumma, Corio Head of US, added: “Corio is proud to be part of Attentive Energy Two and to have helped craft the winning bid selected by the BPU. Offshore wind is a key piece of the puzzle for addressing climate change and repowering our economy, and this project will create a lasting positive impact along the East Coast and beyond.”
Vincent Stoquart, Senior Vice President Renewables at TotalEnergies, said: "We are honoured that the State of New Jersey chose Attentive Energy Two to deliver reliable green electricity to New Jersey residents while contributing to the local economy and offshore wind supply chain. This is another success for us in the US electricity business, following the provisional award in October 2023 of a 25-year supply contract by the State of New York to our Attentive Energy One project."
Attentive Energy Two is a joint venture between Corio and TotalEnergies, another example of the two companies’ global partnership to advance renewable energy at utility scale with existing projects from the United Kingdom to Taiwan.
Corio’s shareholding in Attentive Energy is supported by its investment partner Ontario Teachers’ Pension Plan Board.
Learn more about Attentive Energy: Attentive Energy
About Corio Generation
Corio Generation is a specialist offshore wind business dedicated to harnessing renewable energy worldwide. With a unique blend of sector-leading expertise and deep access to long-term capital, we work closely with our partners in the creation and management of projects from origination, development and construction, and into operations.
Corio has one of the world’s largest offshore wind project pipelines with more than 30 GW in development across Europe, Asia-Pacific and the Americas. Our project portfolio spans established and emerging markets, as well as floating and fixed-foundation technologies. These next generation offshore wind projects will help form the backbone of the net-zero global energy system while meeting the energy needs of communities and corporate offtakers sustainably, reliably, safely and responsibly.
Corio Generation is a portfolio company of Macquarie Asset Management operating on a standalone basis.
Media Contact
Corio Generation
Ian Green, Corporate Affairs
Email: Ian.Green@CorioGeneration.com