Skip to main content

New Jersey to move forward with auction for up to 4,000 megawatts of additional offshore wind capacity in 2023

December 07, 2022

OffshoreWind.biz:

The State of New Jersey plans to put up for auction up to 4,000 MW of offshore wind capacity in its third solicitation round scheduled to start in the first quarter of 2023.

The New Jersey Board of Public Utilities has now issued the draft solicitation guidance document (SGD) for the third solicitation.

The release of the draft SGD will provide for stakeholder engagement on the design of the state’s third solicitation and provides information necessary to enable potential bidders to assess the rules and requirements of the forthcoming solicitation, NJBPU said.

There are several new requirements proposed in this solicitation, notably: setting the solicitation target range from 1,200 MW to 4,000 MW; offering an inflation adjustment mechanism; providing specific direction on New Jersey’s requirements for new or expanded supply chain facilities; providing minimum standards for the environmental and fisheries protection plans; setting the evaluation criteria weighting to 70 per cent price and 30 per cent non-price factors; and incorporating necessary information resulting from the Board’s historic state agreement approach transmission decision in October.

[Adnan Durakovic]

More: New Jersey to Offer Up 4 GW in Next Offshore Wind Auction Round

Join our newsletter

Keep up to date with all the latest from IEEFA