OFFSHORE-WIND DEVELOPERS AND OFFICIALS WON’T REVEAL KEY DETAILS OF PROPOSALS
There’s a lot at stake for utility customers who may end up subsidizing projects to the tune of billions of dollars
Three developers are vying to build offshore-wind farms aimed at achieving the Murphy administration’s goal of building 1,100 megawatts of capacity off the Jersey coast in a process that is emerging as increasingly opaque.
Details of the projects, to be subsidized by potentially billions of dollars from electric customers in New Jersey, were not forthcoming from either the state Board of Public Utilities nor the developers.
The proposals were submitted by Ørsted US Offshore Wind, Equinor, and EDF Renewables North America/Shell New Energies. Newark-based Public Service Enterprise Group has an option to become an equity investor in Ørsted’s Ocean Wind project.
In fact, the BPU declined to identify the three bidders who submitted applications in a press release announcing what it described as regaining New Jersey’s place as a “leader when it comes to clean renewable energy and offshore wind power.’’
Asked to supply further details about the projects in emails and phone calls, Peter Peretzman, a spokesman for the agency responded, “We are not sharing additional formation at this time.’’
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