The New Jersey Board of Public Utilities (NJBPU) has confirmed the approval of the fourth offshore wind solicitation guidance document (SGD) and the opening of the state's fourth offshore wind solicitation.
The application window for the fourth solicitation opened on April 30 and will run until 17:00 Eastern time on July 10, 2024.
The fourth solicitation seeks to award between 1.2 GW and approximately four GW of offshore wind generation capacity. The NJBPU said that, in the process of meeting New Jersey's procurement goals, the fourth solicitation aims to encourage competition, promote economic development, and combat climate impacts, all at the lowest reasonable cost and lowest risk to New Jersey ratepayers.
In its most recent solicitation, on January 24, 2024 the board awarded two of New Jersey's largest offshore wind projects to date, the 1.3GW Attentive Energy Two project and the 2.4GW Leading Light Wind project. The NJBPU anticipates that, together, the projects will produce US$6.8 billion in economic benefits to the state.
