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New Jersey Delays Its Next Offshore Wind Solicitation for Transmission Planning

By Lauren A. Bachtel, Mark C. Williams, Eric R. Pogue & J. Paul Forrester on March 28, 2022
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The New Jersey Board of Public Utilities (NJBPU) announced that its third solicitation with a capacity target of 1,200 megawatts for New Jersey’s offshore wind (OSW) development will now be released by January 2023, instead of the previously announced September 2022 date, to account for its ongoing transmission-planning efforts.

NJBPU’s updated timeline takes into consideration New Jersey’s ongoing offshore “coordinated transmission solution” efforts. In January 2021, PJM Interconnection, L.L.C. (PJM) filed with the Federal Energy Regulatory Commission (FERC) for approval of a study agreement that would begin the implementation of a State Agreement Approach (SAA) to explore new collaborative frameworks to advance offshore wind energy and enable New Jersey’s offshore wind goals to be incorporated into the PJM transmission-planning process. Under the SAA, PJM and the NJBPU asked developers to “propose the optimal mix of onshore and offshore transmission facilities that provide the most economically efficient and reliable way of delivering power from offshore wind turbines to New Jersey customers.”1 Developers were asked to propose:

Read more about our research and conclusions here:

https://www.mayerbrown.com/en/perspectives-events/publications/2022/03/new-jersey-delays-its-next-offshore-wind-solicitation-for-transmission-planning

 

Photo of J. Paul Forrester J. Paul Forrester

Paul Forrester is a respected corporate finance and securities lawyer whose practice is especially focused on structured credit, including collateralized loan obligations, energy (including oil and gas, utilities, shipping, refinery and pipeline) financings and project development, and financing (especially concerning renewable energy, industrial…

Paul Forrester is a respected corporate finance and securities lawyer whose practice is especially focused on structured credit, including collateralized loan obligations, energy (including oil and gas, utilities, shipping, refinery and pipeline) financings and project development, and financing (especially concerning renewable energy, industrial, petrochemical, power and transportation projects and infrastructure).

View full profile on MayerBrown.com.

Read more about J. Paul ForresterEmail
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  • Posted in:
    Energy and Utilities
  • Blog:
    Energy Forward
  • Organization:
    Mayer Brown

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