New Jersey chooses Ørsted's Ocean Wind 2 for credit

Wind Industry Profile of

Ørsted is now poised to deliver over 2,200 MW of offshore wind to the Garden State

Today, the New Jersey Board of Public Utilities (NJBPU) announced it has selected Ocean Wind 2, an offshore wind energy project proposed by Ørsted, for a 20-year Offshore Renewable Energy Credit (OREC) award at the $84.03 price from the State’s second competitive solicitation for offshore wind energy. At 1,148 MW, the Ocean Wind 2 project will allow Ørsted to develop the remaining portion of its Ocean Wind federal lease area and will power more than half a million New Jersey homes. Ocean Wind 2 will be located adjacent to the company’s first offshore wind project, Ocean Wind (“Ocean Wind 1”), which was awarded by the NJBPU in 2019. Ocean Wind 1 is being... ... More: Official Press Release Ørsted

Keywords:

Ørsted, New Jersey, Garden State, USA, offshore, Ocean WInd 2, MW, offshore wind solicitation, NJBPU, OREC, developer, instalation