New Jersey’s Board of Public Utilities closed proposal bids last Thursday from interested developers seeking to connect offshore wind turbines to the grid

New Jersey’s Board of Public Utilities closed proposal bids last Thursday from interested developers seeking to connect offshore wind turbines to the grid. In 2019, N.J. estimated that offshore wind will supply close to 20% of the state’s electricity by 2050. Last year, Orsted, a contract developer, walked away from two projects due to high borrowing costs and supply chain issues, which stalled that progress. The state anticipates the winner of the latest solicitation to begin work in 2029 and maintains its goal of 11 gigawatts of offshore wind by 2040.

From NJ Spotlight News.