The New Jersey Board of Public Utilities (NJBPU) says it is moving forward with a novel approach to transmission planning as it endeavors to reach Gov. Phil Murphy’s goal of 7,500 MW of offshore wind energy by 2035. PJM Interconnection … Read More
New Jersey Board of Public Utilities
PSEG Acquires Twenty-Five Percent Stake in Ocean Wind
PSEG, a publicly traded diversified energy company, and Ørsted, a company that develops, constructs and operates offshore and onshore wind farms, have completed PSEG’s acquisition of a 25% equity interest in Ocean Wind. PSEG’s investment in Ocean Wind received approval … Read More
Orsted Trust Fund Supports Burgeoning New Jersey Offshore Wind Industry
The trustees of Ørsted’s Pro-NJ Grantor Trust Fund have unveiled details of the fund and the process to apply. The $15 million private fund was established by Ørsted following the selection of its Ocean Wind offshore wind farm project by … Read More
PSEG Acquires Stake in New Jersey’s First Offshore Wind Farm
Public Service Enterprise Group (PSEG), a publicly traded diversified energy company, has entered into a definitive agreement with Ørsted North America to acquire a 25% interest in the 1,100 MW Ocean Wind project. This alliance, combining Ørsted’s global expertise in … Read More
NJBPU Opens Application Window for Second Solicitation of Offshore Wind
The New Jersey Board of Public Utilities (NJBPU) has voted unanimously to open the application window for the state’s second solicitation of offshore wind capacity. This second solicitation seeks to award between 1,200 MW and 2,400 MW of offshore wind … Read More
Atlantic Shores Opens the ECO Center in Atlantic City
Atlantic Shores Offshore Wind, a 50/50 partnership between Shell New Energies U.S. LLC and EDF Renewables North America, has hosted members of the New Jersey Board of Public Utilities and other local stakeholders at a ribbon-cutting to celebrate the opening … Read More