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New Jersey Approves More Than 2.6 GW Of Offshore Wind In Largest Combined Award Yet – Energy and Natural Resources

By on July 5, 2021 0


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United States: New Jersey Approves More Than 2.6 GW Of Offshore Wind In Largest Combined Award Yet

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On June 30, 2021, the New Jersey Board of Public Utilities (NJBPU) announced that it had approved more than 2.6 GW of offshore wind (OSW) under the state’s second OSW solicitation.1 in file n ° QO20080555. The ad stated:

Unanimously, [NJBPU] allocated 1,510 MW of capacity to Atlantic Shores Offshore Wind and 1,148 MW to Ocean Wind II.

In addition to strong environmental and fisheries protection plans, each project is committed to investing in New Jersey’s booming offshore wind industry by building new manufacturing facilities at the New Jersey Wind Port, using the Port of Paulsboro foundation fabrication facility, creating tens of thousands of jobs and injecting billions of dollars in economic spinoffs into the state.

Combined, the two projects are expected to create 7,000 full-time and / or part-time jobs throughout the development, construction and operation phases of the projects. This translates to approximately 56,000 years of full-time equivalent employment, as some jobs will be of shorter duration and others will last for many years. They will also generate $ 3.5 billion in economic benefits and supply 1.15 million homes with clean energy. As required by the solicitation, the project developers will also contribute $ 10,000 per MW to fund wildlife and fisheries research and monitoring initiatives in the region – for a total of $ 26 million to be administered by the NJBPU and the New Jersey Department of Environmental Protection through a robust stakeholder process. .

Each project includes a commitment to build a nacelle assembly facility at the New Jersey Wind Port. The nacelle houses the components that convert the mechanical energy of the rotating blades into electrical energy and is the highest value-added offshore wind component. Atlantic Shores plans to partner with MHI Vestas for this installation while Ocean Wind will work with GE. Both projects will use the Port of Paulsboro foundation fabrication plant. Additional benefits to the region include an Atlantic Shores green hydrogen pilot plant and Ocean Wind’s Port Newark truck electrification pilot.

Footnote

1 Described in our legal update of September 11, 2020 “New Jersey announces second solicitation for offshore wind up to 2,400 MW

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