July 17, 2020 Read More →

New Jersey moving forward with plans to build 7,500MW of offshore wind by 2035

S&P Global Market Intelligence ($):

New Jersey regulators released a draft of the state’s plan to build 7,500 MW of offshore wind power by 2035. The plan details how New Jersey will develop port infrastructure, training programs, supply chains and transmission networks to help the state meet that goal.

Gov. Phil Murphy on Jan. 31, 2018 issued an executive order directing the New Jersey Board of Public Utilities to develop and implement the plan. Regulators will hold a virtual presentation on the document on July 20, when members of the public will get a chance to comment on it.

“The development of New Jersey’s offshore wind infrastructure will create thousands of high-quality jobs, bring millions of investment dollars to our state, and make our state a global leader in offshore wind development and deployment,” Murphy, a Democrat, said in the plan. “The Offshore Wind Strategic Plan is a critical blueprint that will guide us toward our goal of 7,500 megawatts of offshore wind power by 2035 and help us achieve 100 percent clean energy by 2050.”

Murphy signed an executive order in Nov. 2019 establishing the 7,500-MW target, more than doubling the state’s previous goal of 3,500 MW. That capacity would represent half the state’s projected 2035 electricity load, according to the plan.

The plan calls for protection of the state’s $2.5 billion commercial fishing industry, which has proven to be a formidable opponent of offshore wind development. The draft plan also recommends the development of offshore wind hubs along the coast, which already features numerous deep-water commercial and industrial ports. Investment in existing ports, such as Paulsboro, will “quickly meet the needs for laydown and staging components for the initial phase of the 1,100 MW of offshore wind development,” the plan said.

Ørsted A/S in June 2019 won the state’s first offshore wind solicitation, for its proposed 1,100-MW Ocean Offshore Wind Farm.

[Justin Horwath]

More ($): New Jersey releases draft offshore wind plan

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