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European Energy Firms Pay Premiums For U.s. Wind Farms | National Real Estate Investor

by nreionline.com posted 1month ago 31 views
European energy firms want to build wind farms off the U.S. East Coast. : (Bloomberg)—An Italian construction company just sold its lease to develop a wind farm in waters off the New Jersey coast for $215 million, about 21,000 percent more than it paid only three years ago. Toto Holding SpA’s U.S. Wind unit, which paid about $1 million for the lease off Atlantic City in 2015, resold it to Electricite de France SA, which plans to develop the site though a joint venture with Royal Dutch Shell Plc.

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