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Summary:

Garden State Offshore Energy, a joint venture between utility Public Service Enterprise Group Renewable Generation and Deepwater Wind, was selected by the New Jersey Board of Public Utilities today to build an offshore wind farm far off the Jersey coastline.

New Jersey is one step closer to bringing an offshore wind farm to the coasts of the U.S. Garden State Offshore Energy (GSOE), a joint venture between utility Public Service Enterprise Group (PSEG) Renewable Generation and Deepwater Wind, was selected by the New Jersey Board of Public Utilities today to build an offshore wind farm far off the Jersey coastline. The proposed 350-megawatt wind farm would consist of 96 turbines nearly 20 miles offshore. GSOE will receive a $4 million state grant to help cover permitting costs and spur project financing though the final project, to be completed by 2012, will likely cost well over $1 billion, according to the state.

This is the second large offshore wind contract Deepwater Wind has won. Just last week Deepwater was chosen by the Rhode Island Governor for a $2 billion offshore wind project. The New Jersey-based firm is backed by First Wind, DE Shaw & Co. and Ospraie Management.

GSOE was competing against four other contractors: Fishermen’s Energy, Bluewater Wind, Occidental Development & Equities and Environmental Technologies. Bluewater Wind, a subsidiary of wind giant Babcock & Brown, is already developing an offshore wind farm farther south. In June the company signed a 200-megawatt power purchase agreement with Delaware utility Delmarva for offshore wind energy to be built at the mouth of the Delaware Bay.

GSOE’s farm is to be part of new Jersey’s nefariously named “Energy Master Plan.” Similar to other states’ Renewable Portfolio Standards, the so-called master plan calls for 20 percent of the state’s energy to come from renewable sources by 2020. According to the 100-page cost-benefit analysis of offshore wind the Board of Public Utilities published, this wind farm could produce 1 percent of the state’s energy.

  1. [...] 321,000 megawatts of energy. But if the progress of offshore wind projects in Rhode Island, New Jersey and Massachusetts is any indication, it will be years before any turbines start spinning up on the [...]

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  2. [...] There are at least two other wind farms in the Northeast that could be next. In Rhode Island, Deepwater Wind is working on a 400 MW offshore project, and in New Jersey, Deepwater has teamed up with the Public Service Enterprise Group on a 350 MW offshore wind farm. [...]

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  3. [...] located—there are existing proposals at various stages for offshore wind farms in Massachusetts, New Jersey, Rhode Island, New York and Texas—New York Power Authority (NYPA) yesterday announced a major [...]

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  4. [...] located—there are existing proposals at various stages for offshore wind farms in Massachusetts, New Jersey, Rhode Island, New York and Texas—New York Power Authority (NYPA) yesterday announced a major [...]

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  5. [...] are existing proposals at various stages for ocean-based offshore wind farms in Massachusetts, New Jersey, Rhode Island, New York and Texas—New York Power Authority (NYPA) yesterday announced a major [...]

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  6. [...] are existing proposals at various stages for ocean-based offshore wind farms in Massachusetts, New Jersey, Rhode Island, New York and Texas—New York Power Authority (NYPA) has announced a major [...]

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  7. [...] located—there are existing proposals at various stages for offshore wind farms in Massachusetts, New Jersey, Rhode Island, New York and Texas—New York Power Authority (NYPA) yesterday announced a major [...]

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  8. Comercial divers will be needed. I would like to get in contact with the personell dept for the diving contractor to send my resume

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  9. [...] near Cape Cod seems like it may never end? How about a little further south, in Rhode Island or New Jersey? Will it be Delaware, where Bluewater Wind hopes to develop a project that would provide almost 1/3 [...]

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  10. [...] near Cape Cod seems like it may never end? How about a little further south, in Rhode Island or New Jersey? Will it be Delaware, where Bluewater Wind hopes to develop a project that would provide almost 1/3 [...]

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