January 31, 2025

Offshore Wind

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Financial Concerns Continue for Major Northeast OSW Projects
Two major offshore wind power developers are warning again of economic problems with projects off the New York and New England coasts.
U.S. Department of the Interior
DOI’s Klein Picked to Run Bureau of Ocean Energy Management
The U.S. Department of the Interior announced that Elizabeth Klein has been named director of the Bureau of Ocean Energy Management.
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NJ’s Aggressive Clean Energy Plans Face 2023 Challenges
New Jersey’s far-reaching OSW plans face challenges as the first project undergoes permit scrutiny and the state launches a third coastal wind solicitation.
NJ BPU
NJ Extends Comment Period on 3rd OSW Solicitation
New Jersey has extended by two weeks the comment period on the plan to hold its third — and largest — offshore wind solicitation in early 2023.
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Avangrid Seeks to Terminate Commonwealth Wind PPAs
Avangrid has moved to terminate power purchase agreements for Commonwealth Wind, a 1.2-GW offshore wind project it is developing in Massachusetts.
BOEM
First West Coast Offshore Wind Auction Fetches $757M
Developers bid a total $757 million, or $2,039/acre, for five leases in two wind energy areas off California in the first West Coast offshore wind auction.
Principle Power
California Offshore Wind Bidders Show Caution
The West Coast’s first offshore wind auction got off to a cautious start, with bids closing at levels far lower than two recent East Coast auctions.
NJ BPU
NJ Shoots for 4 GW+ in 3rd OSW Solicitation
New Jersey is seeking projects totaling 1.2 to 4 GW — and potentially larger — in the state’s third offshore wind project solicitation planned for early 2023.
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FERC Approves PJM Tariff Revisions for SAA Cost Allocation
FERC approved revisions to PJM’s tariff that assign the costs of necessary transmission upgrades for installation of offshore wind in New Jersey to the state.
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NJ Backs $20 Million Spend on Tx Link for Offshore Wind Port
The New Jersey EDA voted to back a $20 million purchase agreement with Atlantic City Electricity to ensure the utility avoids potential supply chain delays.

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