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    1. Green Market
    2. Wind

    New Jersey Awards Contracts for Two Large Offshore Wind Farms

    Jan. 29, 2024
    The projects will produce energy to power 1.8 million homes.

    The U.S. offshore wind industry has been battered in recent months by the cancellation of several mega-projects along the East Coast, but New Jersey recently award contracts for two new wind farms.

    On Jan. 24, the New Jersey Board of Public Utilities (NJBPU) awarded a combined 3,742 MW of offshore wind capacity to Invenergy and energyRE’s Leading Light Wind Project and Attentive Energy’s Attentive Energy Two Project. In a unanimous vote, NJBPU awarded 2,400 MW of capacity to Leading Light Wind and 1,342 MW to Attentive Energy Two. Combined, the projects will bring $6.8 billion in economic benefits to New Jersey and provide enough domestically produced energy to power 1.8 million homes.

    A report at www.apnews.com said the Attentive Energy project would be built 42 miles off Seaside Heights, NJ, and would not be visible from the shoreline. New Jersey’s plans for developing offshore wind farms was dealt a major blow back in Nov. 2023 when Danish wind developer Orsted canceled plans for two large projects because of higher interest rates, supply chain problems and other financial concerns.

     

    About the Author

    Jim Lucy | Editor-in-Chief

    Jim Lucy, Editor-in-Chief, Electrical Wholesaling magazine and Electrical Marketing newsletter.

    Over the past 40-plus years, hundreds of Jim’s articles have been published in Electrical Wholesaling and Electrical Marketing newsletter on topics such as the impact of new competitors on the electrical market’s channels of distribution, energy-efficient lighting and renewables, and local market economics. In addition to his published work, Jim regularly gives presentations on these topics to C-suite executives, industry groups and investment analysts.

    He recently launched a new subscription-based data product for Electrical Marketing that offers electrical sales potential estimates and related market data for more than 300 metropolitan areas, and in 1999 he published his first book, “The Electrical Marketer’s Survival Guide” for electrical industry executives looking for an overview of key market trends.

    While managing Electrical Wholesaling’s editorial operations, Jim and the publication’s staff won several Jesse H. Neal awards for editorial excellence, the highest honor in the business press, and numerous national and regional awards from the American Society of Business Press Editors. He has a master’s degree in Communications and a bachelor’s degree in Journalism from Glassboro State College, Glassboro, N.J. (now Rowan University).

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