Offshore Wind – New Jersey
Two developments worth mentioning at COB Friday. New Jersey regulators announced that they have selected the developer to site a large wind facility in the Atlantic Ocean off the shores of the state. New Jersey regulators’ announcement is here, and is excerpted below:
The New Jersey Board of Public Utilities today voted to award a $4 million grant to Garden State Offshore Energy (GSOE) to develop what could be the first offshore wind farm on the East Coast.
GSOE proposes a 345.6 MW offshore wind facility southeast of Atlantic City, 16 miles off the coastline. When completed, the facility would produce enough electricity to power approximately 125,000 homes annually.
“With this Board vote, New Jersey maintains its well-established role as a leader in the development of renewable energy. Governor Corzine’s draft Energy Master Plan, which is being finalized for release later this fall, identifies offshore wind as a significant source of clean energy and a source of the kind of economic stimulus and job growth we need. Offshore wind projects such as this one selected today will help New Jersey protect its environment, combat global warming and respond to rising energy costs,” said Jeanne M. Fox, NJBPU President.
Per the New York Times (10/3):
Regulators in New Jersey on Friday awarded rights to build a huge offshore wind farm in the southern part of the state to Garden State Offshore Energy, a joint venture that includes P.S.E.G. Renewable Generation, a subsidiary of P.S.E.G. Global, a sister company of the state’s largest utility.
The selection, which includes access of up to $19 million in state grants, is part of New Jersey’s Energy Master Plan, which calls for 20 percent of the state’s energy to come from renewable sources by 2020. It also comes on the heels of decisions by Delaware and Rhode Island to let energy companies install offshore wind farms.
Energy experts say that these approvals could prompt regulators in New York to support projects off the south shore of Long Island and New York City…
and the Wall Street Journal (10/3):
New Jersey regulators Friday selected Garden State Offshore Energy to develop the state’s first offshore wind farm, in a move to spark development of a clean power source that has met resistance in other states.
Garden State Offshore Energy, a joint venture between a unit of Public Service Enterprise Group Inc. and wind-power developer Deepwater Wind, was selected by the state Board of Public Utilities from five firms vying for state support and a grant of up to $19 million. The state program provides aid for up to 350 megawatts, or enough continuous power for about 125,000 homes…
Meanwhile, the Google National Energy Plan
Ambition is important. Case in point is Google’s $4.4 trillion, 22-year “Clean Energy 2030” proposal (announced, actually, two days ago) to wean the country from fossil fuels. Included in the announcement:
This year Google has invested more than $45 million in startup companies with breakthrough wind, solar and geothermal technologies through our Renewable Energy Cheaper than Coal initiative (RE<C), but that is a drop when we need a flood. We need to unleash massive private investment in clean energy. The government can have a big impact here as well. We must dramatically increase federal R&D and enact measures supporting the rapid deployment and scaling of clean technologies such as long-term tax support and national renewable energy standards. Tax credits for wind and solar have lapsed several times in the last 20 years, starving these nascent industries of the capital they need to truly enter the mainstream.