German offshore wind giant RWE and UK transmission system operator National Grid have set the seal on a joint venture (JV), dubbed Community Wind, to develop their record-setting $1.1bn lease win in the New York Bight off the US eastern seaboard.

The partnership, which competed in the landmark auction last week as Bight Wind Holdings, drove hard for the biggest and most competitive block on offer, lease 0539, the 126,000-acre behemoth capable of developing as much as 3GW of plant capacity.