The New Jersey Board of Public Utilities has awarded a combined 3.7 GW of offshore wind capacity to Invenergy and energyRE’s Leading Light Wind project and Attentive Energy’s Attentive Energy Two project.
The state awarded 2.4 GW of capacity to Leading Light Wind and 1.3 GW to Attentive Energy Two. Attentive Energy is a joint venture between Corio Generation, an offshore wind portfolio company of Macquarie’s Green Investment Group and TotalEnergies. According to New Jersey’s BPU, the projects will bring $6.8bn in economic benefits to New Jersey and provide enough domestically produced energy to power 1.8m homes.
Both projects have committed to supporting the establishment of a tower manufacturer at the New Jersey Wind Port in addition to investing in and sourcing monopiles from the expansion of the EEW monopile facility at the Port of Paulsboro. The two projects are estimated to create more than 27,000 direct, indirect, and induced full-time equivalent job years.
As part of the award, the companies committed to providing support for environmental and fisheries research, monitoring, and conservation efforts in an amount totalling over $60m.
The total bill impact of the two projects for residential customers will be $6.84 per month, beginning only once these offshore wind facilities are operational and delivering clean electricity to the New Jersey grid.
The Garden State has also faced some headwinds on its road to reaching its clean energy goal of 100% clean energy by 2035. Namely, Danish renewable energy developer Ørsted stopped the development of its Ocean Wind 1 and 2 projects near the end of last year citing supply chain challenges and rising interest rates as its rationale for the move.
