Denmark-based Ørsted submitted a bid to the New Jersey Board of Public Utilities (BPU) to build its Ocean Wind project in response to the first offshore wind request for proposal under Gov. Phil Murphy’s clean energy agenda.
Ørsted, the global leader in offshore wind energy, has pioneered and refined the approach to developing and constructing offshore wind farms since it launched the world’s first offshore wind farm in 1991. Ørsted owns and operates the Block Island Wind Farm, America’s first offshore wind farm, and has a comprehensive geographic coverage with the largest development capacity, totaling more than 8 gigawatts in seven states. The proposed Ocean Wind project will be located 15 miles off Atlantic City, a significant distance away from the coastline and residential communities.
Should Ocean Wind receive approval from the BPU, Ørsted will work with Public Service Enterprise Group’s non-utility affiliates, which would provide energy management services and potential lease of land for use in project development. PSEG, which has a long history in New Jersey as well as a decade-long partnership with Ørsted, will have the option to become an equity investor in the project.
“Today is an important milestone in the state’s desire to build out its renewable energy portfolio,” said Thomas Brostrøm, CEO of Ørsted US Offshore Wind and president of Ørsted North America. “As the global leader in the development of offshore wind, we are confident in our ability to deliver a comprehensive, competitive project that will help Gov. Murphy achieve his goal of 3,500 megawatts of offshore wind by 2030, while boosting the economy and creating jobs.”
“We are pleased to continue supporting Gov. Murphy’s clean energy agenda,” said Ralph Izzo, PSEG’s chairman, president and CEO. “New Jersey is fortunate to have excellent offshore wind resources. If approved Ocean Wind would provide substantial environmental benefits, as well as generate significant economic activity in the state.”
As presented in its proposal to the BPU, the Ocean Wind project will:
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