Substation Protection Training - Protect Transformers, Buses and Lines
Our customized live online or in‑person group training can be delivered to your staff at your location.
- Live Online
- 12 hours Instructor-led
- Group Training Available
Regular Price:
$799
Coupon Price:
$699
New Jersey offshore wind advances with BPU applications, DOI lease nominations, and OREC incentives, drawing developers like Fishermen's Energy, PSEG, and Deepwater Wind to invest in renewable manufacturing, financing, and clean power jobs.
What This Means
A statewide push to launch offshore wind via BPU applications, DOI leases, and OREC financing to expand renewable power.
- BPU accepting developer applications until June 14
- DOI issues call for offshore wind lease nominations
- OREC program sets rules and creates revenue support
New Jersey opened the window for applications to build what could be the nation's first offshore wind power projects.
There are currently no offshore wind projects in U.S. waters, but several companies in many states have been jockeying for years, with some project delays drawing criticism, to be the first to build such a wind farm.
A few firms have already announced plans to build wind projects off the New Jersey coast, including Fishermen's Energy, Public Service Enterprise Group Inc and Deepwater Wind, alongside early buoy deployment efforts to gather site data.
"The wind power movement is providing us with a unique opportunity to advance energy as industry," Gov. Chris Christie said in a statement.
"By doing so, we have the ability to leverage our tremendous resources with ground-breaking technologies, allowing New Jersey to increase its use of renewable energy sources while advancing an industry that will lead to long term job creation," Christie said.
The state Board of Public Utilities will accept applications from prospective developers until June 14.
To spur offshore development, the U.S. Department of the Interior issued a "call for nominations" for wind project leases off the Jersey coast.
The New Jersey governor last year signed the Offshore Wind Economic Development Act, which provides financial incentives and tax credits to businesses that construct manufacturing, assembly and water access facilities to support offshore wind projects.
The Act authorized the creation of an Offshore Wind Renewable Energy Certificate OREC program and rules that developers must follow to obtain approval and receive ORECs.
The state said it wants applicants to demonstrate financial integrity and sufficient access to capital to allow for a reasonable expectation of project completion.
Related News
Related News
Ireland: We are the global leaders in taking renewables onto the grid
Ireland 65% Renewable Grid Capability showcases world leading integration of intermittent wind and solar, smart…
View more
Oil crash only a foretaste of what awaits energy industry
Oil and Gas Profitability Decline reflects shale-driven oversupply, OPEC-Russia dynamics, LNG exports, renewables growth, and…
View more
New EPA power plant rules will put carbon capture to the test
CCUS in the U.S. Power Sector drives investments as DOE grants, 45Q tax credits, and…
View more
Federal net-zero electricity regulations will permit some natural gas power generation
Canada Clean Electricity Regulations allow flexible, technology-neutral pathways to a 2035 net-zero grid, permitting limited…
View more
5,000 homes would be switched to geothermal energy free of charge
Manitoba NDP Geothermal Conversion Program offers full-cost heat pump installation for 5,000 homes, lowering electricity…
View more
Alberta gives $40M to help workers transition from coal power jobs
Alberta Coal Transition Support offers EI top-ups, 75% wage replacement, retraining, tuition vouchers, and on-site…
View more
Sign Up for Electricity Forum’s Newsletter
Stay informed with our FREE Newsletter — get the latest news, breakthrough technologies, and expert insights, delivered straight to your inbox.
Electricity Today T&D Magazine Subscribe for FREE
Stay informed with the latest T&D policies and technologies.
- Timely insights from industry experts
- Practical solutions T&D engineers
- Free access to every issue
