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Invenergy Wind Offshore wins $645m offshore wind lease, forms investor consortium
Transactions - MARCH 1, 2022

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Invenergy Wind Offshore wins $645m offshore wind lease, forms investor consortium

by Andrea Zander

Invenergy Wind Offshore, led by project sponsors Invenergy and energyRe, was named provisional winner for an 83,976-acre area of seabed by the U.S. Bureau of Ocean Energy Management (BOEM).

The winning bid of $645 million secured lease OCS-A 0542, one of the largest awarded in the New York Bight offshore wind lease sale. The project sponsors bring together decades of expertise in development, engineering, and construction of large-scale renewable generation projects. Invenergy will serve as lead developer of the project. A consortium of investors — led by the sponsors and composed of Blackstone Infrastructure Partners, CDPQ, FirstLight Power, and Ullico Infrastructure Fund — will provide funding for the project.

Michael Polsky, Invenergy Founder and CEO, said, “The U.S. offshore market is the next frontier in the clean energy revolution, and we are proud to have the opportunity to increase American competitiveness in the global offshore market as we build a susta

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