Danish renewables firm Ørsted’s 1.1-GW Ocean Wind project is the winner of New Jersey’s first award for offshore wind, the New Jersey Board of Public Utilities (NJBPU) said on June 21. 

Ørsted, with support from Public Service Enterprise Group’s (PSEG) non-utility affiliate, vied for the award with two other offshore wind developers that submitted bids between September and December 2018 in response to the state’s first offshore wind solicitation. Other bidders included Atlantic Shores Offshore Wind, a partnership between EDF Renewables and Shell New Energies, and Boardwalk Wind, which was sponsored by Norwegian multinational company Equinor. 

NJBPU unanimously granted the award to Ørsted after evaluating wide criteria, including offshore wind renewable energy certificates (OREC) purchase price, economic impact, ratepayer impact, environmental impact, the strength of guarantees for economic impact, and the likelihood of successful commercial operation. 

The agency said Ørsted’s economic development plans were the most detailed and could result in net economic benefits of $ 1.17 billion to the state.…

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