It is with great pleasure that we announce a major milestone for US Wind, Inc our US subsidiary: securing crucial authorizations from the State of Delaware for the 1.7 GW offshore wind project in Maryland. This 11.5 billion investment will generate 7 TWh annually, covering an area of 324 sqkm, comparable to Lake Garda. With an estimated value of 11.5 billion investment over a 30-year concession, this project marks a significant step towards one of the largest offshore wind energy projects in the US, reinforcing our commitment to the energy transition. Riccardo Toto, CEO of Renexia, states: "This project will not only provide clean energy but contribute to the global decarbonization process. We're ready to replicate this model in Italy with Med Wind in Sicily." This success strengthens our decade-long innovation in offshore wind on the Atlantic coast and positions us at the forefront of the fight against climate change while contributing to economic and industrial development in both the US and Italy. Read more 👉 https://lnkd.in/d9aHE-rd #windpower #offshorewind #renewables
Well done Riccardo Toto and team Renexia! 💪
Bravo Riccardo! A testimony to great persistence and belief. Superb journey.
Presidente presso Associazione Nazionale Clima
3moWell done!