EnBW had lofty ambitions upon entering the US offshore wind market in 2018. After hiring one of the industry's pioneers, Bill White, to spearhead the North American division, the Baden-Wüttemberg-based utility planned to make the US one of its select focus markets as part of a strategy to invest more than USD 5bn in renewables towards 2025.
On the surface, it appeared as if EnBW achieved a breakthrough with this strategy last Friday. Attentive Energy, a joint venture among EnBW and French oil supermajor TotalEnergies, secured the second-largest license area at the New York Bight auction of ocean floors for a total price of USD 795m.
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