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    New Jersey to seek up to 4 GW of offshore wind in third solicitation


    December 7, 2022 - SeeNews Renewables

     

      December 7 (Renewables Now) - The New Jersey Board of Public Utilities (NJBPU) on Tuesday revealed a draft guidance document for the state’s third offshore wind solicitation, which sets a target range for the tender of between 1.2 GW and 4 GW.

      In the draft document, the utilities regulator also provided an updated schedule for offshore wind solicitations to reflect the state’s new goal of 11 GW of offshore wind capacity by 2040 that was established earlier this year. It said this is aimed at providing certainty to developers and the offshore wind supply chain.

      Solicitation Minimum capacity target (MW) Capacity awarded (MW) Issue date Submittal date Award date Estimated COD
      1 1,100 1,100 Q3 2018 Q4 2018 Q2 2019 2024-2025
      2 1,200-2,400 2,658 Q3 2020 Q4 2020 Q2 2021 2027-2029
      3 1,200-4,000 Q1 2023 Q2 2023 Q4 2023 2030
      4 1,200 Q3 2024 Q4 2024 Q2 2025 2032
      5 1,200 Q3 2026 Q4 2026 Q2 2027 2034
      6 1,200 Q3 2028 Q4 2028 Q2 2029 2036
      7 1,200 Q3 2030 Q4 2030 Q2 2031 2038
      Total awarded + Target 11,000

      The board noted that the awards may be above or below the targets and that the targets beyond the third tender will be adjusted based on previous solicitation awards.

      The third solicitation includes new proposed requirements such as offering an inflation adjustment mechanism; providing specific direction on New Jersey’s requirements for new or expanded supply chain facilities; providing minimum standards for the environmental and fisheries protection plans; and incorporating necessary information from NJBPU’s recent transmission decision, where it selected projects to deliver a coordinated solution for offshore wind transmission. The evaluation criteria weighting will be split 70/30 between price and non-price factors.

      There will be a virtual public stakeholder meeting on December 13, while written comments will be received by December 29.

      New Jersey has so far awarded 3.7 GW of offshore wind capacity in its first two solicitations. In 2019, Ørsted A/S' (CPH:ORSTED) 1.1-GW Ocean Wind project was selected and in 2021, as much as 2.6 GW of capacity was awarded to Atlantic Shores Offshore Wind, which is equally owned by EDF Renewables North America and Shell New Energies US, and to Ørsted’s Ocean Wind II project.

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