trending Market Intelligence /marketintelligence/en/news-insights/trending/nvh_blvfm8gsasrjchweza2 content esgSubNav
In This List

NJ regulators to review EDF, Fishermen's offshore wind project proposal

Blog

Despite turmoil, project finance remains keen on offshore wind

Case Study

An Energy Company Assesses Datacenter Demand for Renewable Energy

Blog

Japan M&A By the Numbers: Q4 2023

Video

See the Big Picture: Energy Transition in 2024


NJ regulators to review EDF, Fishermen's offshore wind project proposal

The New Jersey Board of Public Utilities said it will review an application by EDF Renewables and Fishermen's Energy of New Jersey LLC to build the Nautilus pilot offshore wind project.

The three-turbine wind farm, with a combined capacity of up to 25 MW, will be approximately 2.8 miles off the coast of Atlantic City and if approved is expected to be completed by 2020. Upon commissioning in 2021, an average New Jersey electric customer will see an annual cost increase of approximately $1.76 annually on their bills, according to a news release by EDF.

The project will support the state's offshore wind production target of 3,500 MW by 2030.

"With offshore wind poised to become one of the nation’s fastest growing production sectors, there is a real opportunity for New Jersey to lead the country in implementing future commercial scale projects faster and more cost effectively — all with a minimal impact on the ocean environment," EDF Renewables Regional Project Manager Doug Copeland said in a Sept. 5 release.

EDF Renewables is a subsidiary of EDF Group.