Under the New York Bight auction, the US Bureau of Ocean Energy Management (BOEM) has leased a 480,000-acre renewable development site offshore of New York and New Jersey. RWE Renewables, Ocean Winds, Invenergy, and Atlantic Shores were declared provisional auction winners by BOEM. Companies in the auction process submitted winning bids totaling $4.37 billion.
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New Jersey is an example of a state that lacks the right cocktail of incentives and grid reliability issues to move quickly out of the nascent, “early adopter”- only market stage – where most homeowners aren’t yet opting to install batteries in their homes, and many solar installers do not pitch storage. Looking at detailed vendor and installer data, Wood Mackenzie finds that New Jersey’s market has a few key characteristics that are consistent with the state’s low solar-plus-storage demand.
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In its most recent 2.7GW offshore wind auction, Atlantic Shores and Orsted emerged as winners. The former, a joint venture of EDF Renewables and Shell, won with a 1.5GW offer in the southern half of its lease area, 17 km from shore. The New Jersey regulators also awarded the tender to build the 1,148 MW Ocean Wind 2 farm to Denmark’s Orsted
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The series takes a deep dive into the transportation electrification policies New Jersey will need to meet its ambitious climate laws. Together, they explore whether New Jersey needs more ambitious transportation electrification goals, the state’s existing plans to realize their goals, and the next steps New Jersey should take to decarbonize its transportation system. Ultimately, this blog series aims to holistically examine electrifying all segments of the transportation sector.
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Atlantic Shores Offshore Wind recently submitted a proposal to the New Jersey Board of Public Utilities for supply of 2,300 MW of offshore wind energy. The company is a 50-50 joint venture between EDF Renewables North America and Shell New Energies US LLC. The state of New Jersey seeks to award between 1,200 MW and 2,400 MW of offshore wind energy capacity as part of its second solicitation.
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The New Jersey Board of Public Utilities (NJBPU) and regional electricity grid operator PJM Interconnection have announced the commencement of a State Agreement Approach (SAA) solicitation for offshore wind transmission solutions.
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The tender round will award between 1.2 GW and 2.4 GW of offshore wind projects that will potentially triple New Jersey’s committed capacity from 1.1 GW to 3.5 GW. The state agency anticipates awarding the offshore wind projects in June 2021.
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