The New Jersey Board of Public Utilities (NJBPU) right now awarded a mixed 3,742 MW of offshore wind capability to Invenergy and energyRE’s Main Gentle Wind Undertaking and Attentive Power’s Attentive Power Two Undertaking. Main Gentle Wind will attain 2.4 GW whereas Attentive Power Two is sited for 1.342 GW.
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“The event of offshore wind vitality is essential to reaching our clear vitality objective of of 100% clear vitality by 2035 and mitigating the worsening impacts of local weather change,” mentioned Environmental Safety Commissioner Shawn M. LaTourette. “My DEP colleagues and I are proud to be a part of this effort and are working laborious to make sure that the accountable improvement of offshore wind is protecting of our state’s pure sources whereas offering clear vitality to tens of millions of houses and companies and creating family-sustaining inexperienced jobs able to lifting all individuals and communities throughout the Backyard State.”
These tasks present cornerstone financial advantages that promise to construct upon New Jersey’s standing as an offshore wind provide chain. Each tasks have dedicated to supporting the institution of a tower producer on the New Jersey Wind Port along with sourcing monopiles from, and investing in, the enlargement of the EEW monopile facility on the Port of Paulsboro. Collectively, the tasks are estimated to create greater than 27,000 direct, oblique, and induced full-time equal job years.
New Jersey’s complete method to offshore wind improvement goals to safe the most effective general worth for ratepayers whereas defending the surroundings and industrial and leisure fishing pursuits. Along with creating financial advantages and jobs, the awarded tasks have additionally dedicated to offer assist for environmental and fisheries analysis, monitoring, and conservation efforts in an quantity totaling over $60 million.
The full invoice affect of the 2 tasks for residential prospects will likely be $6.84 per thirty days, starting solely as soon as these offshore wind amenities are operational and delivering clear electrical energy to the New Jersey grid scheduled to start in 2031.
The Governor Murphy Administration has led an all-of-government effort to bolster the state’s clear vitality transition whereas specializing in jobs and financial progress. This contains creating the nation’s first purpose-built New Jersey Wind Port in Salem County, establishing a Wind Institute administered by New Jersey’s Financial Growth Authority to coordinate workforce improvement and analysis and improvement in offshore wind, and making a $250 million funding within the Port of Paulsboro to determine a monopile manufacturing facility.
On November 29, 2023, Governor Murphy directed the NJBPU to speed up the state’s fourth offshore wind solicitation, with venture awards anticipated in early 2025.
The New Jersey offshore wind market has not been with out its points. In November 2023, Ørsted introduced it could stop improvement of the Ocean Wind 1 and Ocean Wind 2 tasks off the coast of New Jersey.
“Macroeconomic components have modified dramatically over a brief time period, with excessive inflation, rising rates of interest, and provide chain bottlenecks impacting our long-term capital investments,” mentioned David Hardy, Group EVP and CEO Americas at Ørsted. “In consequence, we have now no alternative however to stop improvement of Ocean Wind 1 and Ocean Wind 2. We’re extraordinarily dissatisfied to need to take this determination, significantly as a result of New Jersey is poised to be a U.S. and international hub for offshore wind vitality. I need to thank Governor Murphy and NJ state and native leaders who helped assist these tasks and proceed to steer the area in creating American renewable vitality and jobs.”
Ørsted supposed to retain the seabed lease space for Ocean Wind 1 (1.1 GW) and Ocean Wind 2 (1.148 GW).
Information merchandise from NJBPU
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