Germany’s EnBW is open to working with additional partners, as it continues its expansion into the US offshore wind industry, according to CEO Frank Mastiaux. The company has signed a memorandum of understanding (MOU) for cooperation in the United States and Canada, which will see the firm work together on projects such as the proposed Deepwater Wind project off New Jersey, the It set up an east coast subsidiary in Q4 2018, but has been working alone. The US is one of the offshore wind sector’s growth markets, offering an increasing number of capacity auctions. Mastiaux believes opportunities are limited in Germany and Europe, and wants to continue growing the business in foreign markets.
Germany’s EnBW is open to working with additional partners, as it continues its expansion into the US offshore wind industry, according to CEO Frank Mastiaux. The utility has an existing joint venture with project developer Trident Winds focused on the country’s west coast. It set up an east coast subsidiary in Q4 2018, but has been working alone. The US is one of the offshore wind sector’s growth markets, offering an increasing number of capacity auctions. Mastiaux believes opportunities are limited in Germany and Europe, and wants to continue growing the business in foreign markets.