California's MBCP, EnBW JV pledge to sign PPAs for 1 GW of floating wind

Hohe See and Albatros offshore wind farms. Image credit: Fred. Olsen Windcarrier AS, Tony Cato, courtesy of EnBW (www.enbw.com)

August 16 (Renewables Now) - Monterey Bay Community Power (MBCP), a Community Choice energy provider that covers a few California counties, has committed to sign future offtake contracts for about 1,000 MW of power from a huge floating wind project off the state’s central coast.

MBCP has entered into a memorandum of understanding (MoU) with Castle Wind LLC, a joint venture between Trident Winds Inc and the North American unit of German energy major EnBW AG (ETR:EBK). The pact outlines their mutual pledge to ink power purchase agreements (PPAs) for the output of a floating wind park that is proposed to be built on the Outer Continental Shelf, off the Morro Bay coast.

The developers of Castle Wind hope to win a lease for the project site in an auction that will be held by the US Bureau of Ocean Energy Management next year. If the lease is awarded to them, they expect to have the wind park up and running around 2025.

Last year, Castle Wind signed a community benefits agreement with the City of Morro Bay and a mutual benefits agreement with the local fishermen organisations, thus committing to address the needs of the local community.

EnBW has almost 1,000 MW of offshore wind farms in operation or under construction in Europe, as well as over 3,000 MW in development around the world. It is currently developing a 900-MW offshore wind project in the North Sea that will not rely on subsidies.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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