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NJ BPU gives green signal to implement 1.1GW offshore wind tender

CTBR Staff Writer Published 01 March 2018

The New Jersey Board of Public Utilities (NJ BPU) has given its approval to implement Governor Phil Murphy’s recent executive order that seeks proposals for offshore wind capacity of 1.1GW.

The Executive Order (EO) No. 8 was signed by the Governor at the end of January to initiate the process for the state’s objective to deploy 3.5GW in offshore wind capacity by 2030.

The approval calls for the full implementation of the Offshore Wind Economic Development Act (OWEDA). It is a legislation that allows state agencies to design an Offshore Wind Renewable Energy Credit (OREC) program.

The utilities board has directed its staff to establish an interagency Offshore Wind Task Force with the state Department of Environmental Protection and other applicable state agencies to develop a Strategic Plan to implement the Executive Order.

The board has also directed its staff to begin with a rulemaking process to establish the funding mechanism for Offshore Wind Renewable Energy Certificates (ORECs). And, as part of the process, the staff will also consult with the respective stakeholders about the minimum requirements of the OREC Funding mechanism in compliance with OWEDA and BPU rules.

The New Jersey Board of Public Utilities president Joseph L. Fiordaliso said: “Governor Murphy recognizes that New Jersey has a moral obligation to combat climate change. BPU will play a critical role in this effort as we help New Jersey move toward a cleaner and greener energy state, beginning with our action today to implement EO 8.”

To define minimum requirement for the solicitation of the initial 1.1GW of offshore wind capacity, the staff will engage soffshore wind developers and stakeholders. 

Image: Colwyn Bay, Wales/UK. Photo: Courtesy of Phil_Bird/FreeDigitalPhotos.net.