Vistra agrees USD 3.25bn buyout of zero-carbon energy unit
Sep 19, 2024 11:01 CESTAttentive Energy One (AE1), a joint venture (JV) of TotalEnergies (EPA:TTE) and Rise Light & Power, last week said that its proposal in New York’s third competitive offshore wind solicitation includes a manufacturing agreement with General Electric (NYSE:GE).
The JV estimates that if its 1.4-GW project is approved, it would bring USD 25.6 billion (EUR 24.2bn) in benefits to the state of New York.
The manufacturing agreement with GE at the Port of Coeymans includes plans for two wind turbine component production facilities: the LM Wind Power blade facility and the GE Vernova nacelle facility, which could create over 650 and 220 direct jobs, respectively. GE already outlined plans to build two offshore wind turbine component factories in New York if it bags “a sufficient volume” of orders from winning projects in the state’s ongoing offshore wind tender.
AE1’s proposal also includes a community investment programme of USD 300 million.
AE1, which aims to repurpose a fossil power plant in New York City into a clean energy hub, last week also announced plans for two offshore wind port facilities in New York Harbor.
Under a lease agreement with Arthur Kill Terminal (AKT), there will be a wind turbine marshaling facility on Staten Island. AE1 also intends to develop an operations and maintenance facility at the Rise-owned Ravenswood Generating Station in Queens.
(USD 1 = EUR 0.945)
Vistra agrees USD 3.25bn buyout of zero-carbon energy unit
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