STATEMENT FROM ANBARIC ON PRESIDENT BIDEN’S OFFSHORE WIND GOALS

March 29, 2021 – “We applaud President Joe Biden for his administration’s commitment to achieving a bold offshore wind future that will support a clean energy economy for decades to come. Following years of delayed climate action, Anbaric Development Partners is excited to accelerate the offshore wind industry and deliver clean energy to millions of American homes and businesses. Reaching 30 gigawatts of offshore wind energy by 2030 will require close partnership and collaboration among the industry, including a shared, open-access transmission system that can affordably and efficiently bring wind energy to America’s highest electricity demand centers along the coast. Anbaric looks forward to working alongside the Biden Administration to plan and build a smart offshore wind system that will create good-paying jobs, power 10 million American homes, and cut carbon dioxide emissions,” said Clarke Bruno, CEO of Anbaric Development Partners.

About Anbaric

Anbaric is a majority employee-owned, US-based company focused on planning and scaling offshore trans­misssion. The company is a partnership between the Anbaric partners and the Ontario Teachers’ Pension Plan, which as of June 30, 2020, had net assets under management of $204.7 billion CAD. Anbaric helped spearhead the development of two similar subsea projects between PJM and the NYISO which were delivered on schedule and on budget. Anbaric is committed to developing transmission systems for offshore wind in the US with a focus on New England, New Jersey and New York as well as in Canada. For more information visit www.anbaric.com.