New Jersey Stops Fourth Offshore Wind Farm
The New Jersey Board of Public Utilities (NJBPU) has announced that it will not proceed with an award in the state’s fourth offshore wind solicitation, citing significant market uncertainties and industry challenges.
New Jersey Stops Fourth Offshore Wind Farm
Christine Guhl-Sadovy, President of the NJBPU, stated, “The Board will not proceed with an award in New Jersey’s fourth offshore wind solicitation. There were three initial bidders in the fourth solicitation. However, two bidders withdrew and only Atlantic Shores submitted a best and final offer.”
Several key factors contributed to the Board’s decision. One of the most significant was Shell’s withdrawal as an equity partner in the Atlantic Shores project and its broader retreat from the American clean energy market.
Additionally, the Board pointed to regulatory uncertainties stemming from federal actions and permitting challenges that complicated the project’s feasibility.
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Governor Phil Murphy echoed these concerns, emphasizing the importance of offshore wind development while acknowledging the industry’s current struggles.
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“Developing the offshore wind industry in New Jersey is a once-in-a-generation opportunity to create tens of thousands of jobs, drive an entirely new manufacturing supply chain, and secure energy independence. This is especially critical during a time when new energy generation is needed to provide our residents and business with reliable, cost-effective energy solutions. However, the offshore wind industry is currently facing significant challenges, and now is the time for patience and prudence,” Murphy stated.
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He also expressed his hope that the Trump Administration would collaborate with New Jersey to reduce costs for consumers, enhance energy security, and support job creation in construction and manufacturing.
Despite the setback, New Jersey remains committed to offshore wind development as a crucial component of its clean energy strategy. The Board reaffirmed its dedication to working alongside Governor Murphy and state agencies to support the industry’s long-term growth.
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“Offshore wind still represents a once-in-a-generation economic development opportunity and is key to helping the region and country achieve energy independence,” Guhl-Sadovy emphasized.
“The Board is committed to working with Governor Murphy and our sister state agencies to build a successful offshore wind industry in New Jersey. We are also deeply appreciative of Atlantic Shores’ work and their commitment to providing a cleaner and healthier future.”
Are you happy to see the end of yet another off-shore wind project in the State of New Jersey?