Invenergy, energyRe propose 2.4GW offshore wind project in New Jersey

Invenergy and energyRe have submitted an offshore wind project bid for Leading Light Wind, the only American-led project in the New York Bight.

New Jersey’s third competitive offshore wind solicitation represents a significant milestone toward achieving the state’s ambitious goal of 11 gigawatts (GW) of offshore wind energy by 2040. New Jersey has set a goal of reaching 100% clean energy by 2035.

Leading Light Wind proposes to deliver up to 2,400 MW of clean energy to the state. The project will sit more than 40 miles off the coast and power up to one million New Jersey homes. It is also supposed to offset over four million tons of carbon dioxide annually during its operation.

The project represents over $3 billion in economic development benefits for the Garden State during its operational life, including transformational offshore wind infrastructure and supply chain investments.

Leading Light Wind is proposing supply chain and infrastructure investments that include localizing a wind turbine generator tower manufacturing facility and performing marshalling activities at the New Jersey Wind Port, the expansion of the EEW American Offshore Structures monopile manufacturing facility, and development of an in-state operations and maintenance port.

The proposal also includes a battery storage option that would provide 253 MW of advanced energy storage to facilitate grid and ratepayer benefits, advancing New Jersey’s 2 GW energy storage target.

The Leading Light Wind bid was submitted on the same day as the bid for the expansion of the Atlantic Shores Offshore Wind project submitted by Shell and EDF.

If selected, Atlantic Shores would supply renewable energy through the proposed project to hundreds of thousands of New Jersey households beyond the 1,51 GW already being delivered as part of Atlantic Shores Project 1.