Danish solar and wind company Orsted was approved to purchase capacity interconnection rights for its offshore wind project Ocean Wind, off the coast of Atlantic City.
Ocean Wind is a 1,100-megawatt offshore wind project that will supply more than 500,000 New Jersey homes with clean power. The New Jersey Board of Public Utilities approved the Ocean Wind project in June 2019.
The board says the offshore wind project is expected to generate $1.17 billion in economic benefits, in addition to creating an estimated 15,000 jobs over the project life.
The move from the BPU sets the record for the single largest award for offshore wind in the country to date, and marks further progress toward meeting the state’s goal of 3,500 megawatts of offshore wind by 2030. Gov. Phil Murphy envisions 100 percent clean energy for the state by 2050.
“Last week, the New Jersey Board of Public Utilities approved our request to purchase capacity interconnection rights, known as CIRs, for our offshore wind project, Ocean Wind. The Board’s action provides our project with additional certainty in the interconnection process and advances our efforts to secure the option of connecting Ocean Wind to the existing electrical grid infrastructure located at retired generating station, B.L. England, in Upper Township,” Orsted said. “The B.L. England site remains just one of the potential options for interconnection for the project. This approval follows previous action taken by the BPU in September when the Board approved our request to purchase CIRs at Oyster Creek. These steps are critical to our ability to continue to move the state’s first offshore wind farm forward in its development.”