HomeIndustryBPU OKs unprecedented Murphy request for offshore wind capacity

BPU OKs unprecedented Murphy request for offshore wind capacity

The New Jersey Board of Public Utilities approved Gov. Phil Murphy’s order to accept applications for 1,100 megawatts of offshore wind capacity — the largest single push by any state.

The announcement comes after Murphy’s presentation last week in San Francisco at the Global Climate Action Summit, in which he reiterated his goals of making New Jersey a 100 percent clean energy state by 2050.

File photo
Board of Public Utilities President Joseph Fiordaliso.

“In the absence of strong leadership at the federal level, states are taking it upon themselves to combat climate change, and I’m proud to say that New Jersey is leading that charge,” Murphy said last week.

In a statement Monday, he applauded the BPU’s approval of the goal.

“In the span of just nine months, New Jersey has vaulted to the front of the pack in establishing this cutting-edge industry. We campaigned on rebuilding New Jersey’s reputation as a clean energy leader, and that involves setting an aggressive timetable on offshore wind. Thanks to the board, today we took another enormous step toward realizing that goal with the largest single-state solicitation of offshore wind in the country,” Murphy said.

The BPU will also determine how the state reaches 3,500 megawatts by 2030, with additional solicitations in 2020 and 2022.

“Today’s action marks an historic step in the implementation of Gov. Murphy’s clean energy agenda. Offshore wind energy will help drive down our dependence on fossil fuels and reduce greenhouse gases that cause climate change while creating jobs and providing a boost to the economy,” said BPU President Joseph Fiordaliso.

Time is of the essence now, as developers scramble to apply to provide capacity. The application window begins Thursday and ends Dec. 28, and the BPU will make its decisions by July 1 of next year. This gives applicants a chance to qualify for federal tax credits before they expire next year, according to the Murphy administration.

Related Articles

00:29:27

Our Infrastructure Matters – Episode 8

In Infrastructure Matters – Episode 8, industry analysts discuss how the technology landscape around infrastructure and mainframe computing is evolving through open-source collaboration and new...

First track on new Portal North Bridge to enter service March 16

This story has an update: New Portal Bridge used ahead of schedule as delays impact NJ Transit riders NJ Transit and Amtrak said the first...

NJM Insurance Group welcomes Joseph Colalillo to Board of Directors

Joseph S. Colalillo, president of ShopRite of Hunterdon County, has been elected to the board of directors of NJM Insurance Group.  Colalillo brings decades of experience in retail...

Appeals court says Trump administration must continue Hudson Tunnel payments

The Trump administration has lost another round in court Wednesday over funding for the Hudson Tunnel project, with a federal appeals court turning aside...

Assembly Democrats advance bills to streamline processes for N.J. small businesses

The Assembly Commerce and Economic Development Committee advanced several bills focused on eliminating red tape and making it easier for businesses to grow. Taken...

New Jersey Innovation Evergreen Fund invests $4.65M for 5 businesses

The New Jersey Economic Development Authority (NJEDA) recently closed on investments for five cutting-edge businesses through the New Jersey Innovation Evergreen Fund (NJIEF). The companies,...

Latest Articles

New Portal Bridge used ahead of schedule as delays impact NJ Transit riders

Train service between Newark and New York was limited Friday, with delays of up to an hour due to overhead wire issues at the...

What an ‘AI-proof’ job entails — and who’s at risk of losing out

The Bureau of Labor Statistics’ February jobs report revealed 92,000 losses in nonfarm sectors. For job seekers, this paints an abysmal picture — a continuation...

AAA: N.J.’s gallon of gas average jumps to $3.53 — 16th-highest in the nation

Voorhees-based AAA reports that the average price for a gallon of regular gasoline in New Jersey rose 33 cents over the last week to...

Florham Park law firm Schenck Price adds Moon to firm 

Schenck Price, Smith & King LLP, located in Florham Park, said Elizabeth Moon has joined the firm as a partner in its Labor and...

ICON Real Estate Advisors arranges $7.95M sale of East Orange multifamily property 

ICON Real Estate Advisors has arranged the $7.95 million sale of a 58-unit garden-style multifamily property at 223 Prospect St. in East Orange. ICON represented...

Finding the Right Pediatrician for Your Baby and Your Family

Choosing a pediatrician is one of the earliest and most important decisions you make as a parent. Many parents research online, read reviews, and...

Latest Articles

New Portal Bridge used ahead of schedule as delays impact NJ Transit riders

Train service between Newark and New York was limited Friday, with delays of up to an hour due to overhead wire issues at the...

What an ‘AI-proof’ job entails — and who’s at risk of losing out

The Bureau of Labor Statistics’ February jobs report revealed 92,000 losses in nonfarm sectors. For job seekers, this paints an abysmal picture — a continuation...

AAA: N.J.’s gallon of gas average jumps to $3.53 — 16th-highest in the nation

Voorhees-based AAA reports that the average price for a gallon of regular gasoline in New Jersey rose 33 cents over the last week to...

Florham Park law firm Schenck Price adds Moon to firm 

Schenck Price, Smith & King LLP, located in Florham Park, said Elizabeth Moon has joined the firm as a partner in its Labor and...

ICON Real Estate Advisors arranges $7.95M sale of East Orange multifamily property 

ICON Real Estate Advisors has arranged the $7.95 million sale of a 58-unit garden-style multifamily property at 223 Prospect St. in East Orange. ICON represented...