Home Money & Business New Jersey considers two new offshore wind projects while a third project plans to re-bid terms

New Jersey considers two new offshore wind projects while a third project plans to re-bid terms

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Up to two additional offshore wind projects were proposed for the New Jersey coast on Wednesday, with developers of a third project seeking to re-bid its terms. The New Jersey Board of Public Utilities received three bids by Wednesday’s deadline in the state’s fourth round of solicitations for offshore wind farms. One of the bids by Atlantic Shores is to rebid half of its two-phase project, which already has preliminary state and federal approvals. Attentive Energy, with preliminary approval for a wind farm off Seaside Heights, proposed a second project in New Jersey without providing immediate details.

Atlantic Shores also submitted a bid to re-bid the first part of its project, Atlantic Shores 1, while bundling it with the second half, Atlantic Shores 2. Companies are allowed to re-bid previously approved projects in this fourth round of solicitations, whereby if approved, their original approval will be canceled, and a $100 million letter of credit must be provided. The specifics of the changes Atlantic Shores seeks to make to their original bid were not specified.

Initially, the Atlantic Shores project would be built between Atlantic City and Long Beach Island, generating 2,800 megawatts to power 1 million homes. The closest turbines are expected to be at least 12.8 miles offshore, even though the Interior Department stated they would be 8.7 miles away. The project is a joint partnership between Shell New Energies US LLC and EDF-RE Offshore Development LLC.

The third bidder had not been identified as of Wednesday evening, and the Board of Public Utilities did not disclose the identities of the bidders. Two other projects, one called Leading Light Wind by Invenergy and energyRE, and another by Attentive Energy, have received preliminary state approval. New Jersey aims to become a hub for the offshore wind industry and has established a manufacturing facility for wind turbine components in the state to support industry growth. However, there has been opposition to offshore wind in the state, citing concerns about environmental impact and profitability, while supporters tout the importance of wind and solar energy to combat climate change.