US Wind is an offshore wind energy development company founded in 2011. US Wind is owned by funds managed by

Apollo Global Management Apollo Global Management, Inc. is an American asset management firm that primarily invests in alternative assets. , the company had $548 billion of assets under management, including $392 billion invested in credit, including mezzanine capita ...

, an American investment firm, and Renexia SpA, a subsidiary of Toto Holding SpA. It is headquartered in

Baltimore, Maryland Baltimore is the List of municipalities in Maryland, most populous city in the U.S. state of Maryland. With a population of 585,708 at the 2020 United States census, 2020 census and estimated at 568,271 in 2024, it is the List of United States ...

. Since 2014, it has been involved in offshore wind farm projects in the United States.

Activities

On December 1, 2014 US Wind won the auction for 25-year leases for two Wind Energy Areas (WEA) (OCS-A 0489, and OCS-A 0490) established by the Bureau of Ocean Energy Management (BOEM) with a bid of $8.7 million. On March 1, 2018, the two lease areas were administratively merged into a single lease area referred to as OCS-A 0490. On May 11, 2017, US Wind won an Offshore Renewable Energy Credit (OREC) award from the Maryland Public Service Commission, enabling it to develop 248 megawatts (MW) of offshore wind in its lease area. This is referred to as the MarWin project. On December 17, 2021, US Wind won an OREC award from the Maryland PSC enabling it to develop 808.5 MW of offshore wind. This second award is referred to as the Momentum Wind project. Both projects are proposed to be developed in the merged lease area OCS-A 0490. Both phases were approved by

Bureau of Ocean Energy Management The Bureau of Ocean Energy Management (BOEM) is an agency within the United States Department of the Interior, established in 2010 by Secretarial Order. On May 19, 2010, Secretary of the Interior Ken Salazar signed a Secretarial Order dividing t ...

in September 2024. Onshore construction may begin in 2025 after remaining state permits are received. US Wind has committed to the development of a wind port and steel factory at Tradepoint Atlantic in

Sparrows Point, Maryland Sparrows Point is an industrial area in unincorporated Baltimore County, Maryland, United States, adjacent to Edgemere. Named after Thomas Sparrow, landowner, it was the site of a very large industrial complex owned by Bethlehem Steel, known ...

. The company had also acquired a lease for the New Jersey WEA North, which it later sold. It also pursuing WEA leases in

South Carolina South Carolina ( ) is a U.S. state, state in the Southeastern United States, Southeastern region of the United States. It borders North Carolina to the north and northeast, the Atlantic Ocean to the southeast, and Georgia (U.S. state), Georg ...

. In January 2025 US Wind reached an agreement with the state of Delaware to provide $40 million in community benefits in return for

renewable energy credits Renewable Energy Certificates (RECs), also known as Green tags, Renewable Energy Credits, Renewable Electricity Certificates, or Tradable Renewable Certificates (TRCs), are tradable, non-tangible Energy certificate, energy certificates in the Unite ...

and underground transmission cable siting at coastal state parks.

Projects

References

{{Wind power in the United States Wind farms in Maryland Offshore wind farms in the United States Ocean City, Maryland Worcester County, Maryland Wind power companies of the United States

Activities

Projects

See also

References