Media Releases & Notices

The Regulatory Authority of Bermuda (RA) has officially launched the procurement process for Bermuda’s first offshore wind project. This landmark initiative aims to secure up to 120 megawatts (MW) of renewable energy from wind turbines that will be located off the island’s north shore.

This milestone marks a significant step in Bermuda’s journey to reduce its reliance on imported fossil fuels and transition to a cleaner, more resilient energy system. The RA is inviting developers from around the world to express their interest in building and operating an offshore wind farm that could provide a major new source of power for the island, while also attracting green investment.

The project is expected to roll out in phases, starting with an initial installed capacity of 60 MW and expanding to 120 MW over time. A preferred site has been identified approximately 9 kilometres north of St. George’s Island, in waters around 15 metres deep with consistent wind speeds averaging 7.8 metres per second at 100 metres in height. A recent pre-feasibility independent study found the site technically suitable and economically promising, with no major environmental concerns identified.

“Offshore wind presents a compelling opportunity for Bermuda,” said Nigel Burgess, Head of Regulation at the RA. “By opening the door to this kind of large-scale renewable energy, we will not only lower our exposure to global fuel price shocks but also create space for long-term investment that benefits both the economy and the environment.”

The procurement process will be carried out in three stages: an Expression of Interest (EOI), a Request for Qualification (RFQ), and an Invitation to Tender (ITT). Interested developers are now invited to submit an EOI, providing an overview of their experience, technical capabilities and an indicative (non-binding) offtake price.

At the same time, the RA will commission further studies to support the project, including a seabed assessment and a wind metocean measurement campaign. These efforts will provide potential bidders with the information they need to evaluate the opportunity and invest confidently.

The RA’s role in this process is not just about procurement – it is about shaping Bermuda’s energy future in line with its legislated mandate to promote affordable, reliable and sustainable electricity for all. Given the island’s limited land space and high energy costs, offshore wind offers a promising solution that aligns with community needs and the broader goal of energy independence.

“This is not just a utility-scale project; it’s a chance for Bermuda to lead the way in renewable energy innovation across the region,” added Mr. Burgess. “We are excited to begin this journey and to welcome partners who share our vision for a cleaner, more secure energy future.”

The EOI and related documents are available on the RA’s website at www.ra.bm/offshorewindfarm. Only those who submit an EOI will be eligible to proceed to the next phase of the process.

For more information on the offshore wind initiative and the RA’s Bulk Generation Procurement Rules, please visit www.ra.bm.

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About the Regulatory Authority of Bermuda (RA)

The Regulatory Authority of Bermuda is an independent regulatory body that oversees various sectors, including the Electricity, Electronic Communications, and Submarine Communication Cables sectors. The RA is committed to promoting competition, safeguarding the interests of residents and consumers, stimulating the Bermudian economy, promoting innovation, and fulfilling any additional functions as specified by sectoral legislation.

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