California Offshore Wind Rush Has Started; Ocean Winds and RWE Among Winners of the Auctions

European utilities are the main winners of the first California floating offshore wind lease auctions held by the Bureau of Ocean Energy Management. The lease areas they won mean there is the potential for Equinor to develop around 2 gigawatts, 2 GW for Central California Offshore Wind (a joint venture between Canada Pension Plan Investment Board and Ocean Winds, itself a joint venture between Engie and EDP Renovaveis), 1.6 GW for RWE, 1 GW for Copenhagen Infrastructure Partners, and 1 GW for Invenergy, the only winning U.S. company.