The New Jersey Board of Public Utilities has announced it has updated the timeline for issuing the Third Solicitation for New Jersey’s Offshore Wind development. The Board will release the Third Solicitation by January 2023, rather than the previously anticipated September 2022.
The updated timeline complements the first-of-its-kind coordinated transmission solution to get offshore wind generated energy to New Jersey customers. The transmission solution will be selected from 80 projects submitted by transmission developers for consideration in the State Agreement Approach (SAA) process. The SAA is a collaboration between the NJBPU and PJM Interconnection, LLC (PJM) that enables New Jersey’s offshore wind goal to be incorporated into the PJM transmission planning process. The updated schedule allows for the SAA process to be completed and the outcome incorporated into the Third Solicitation guidance documents.
In addition, the updated schedule will allow the developers who successfully bid for new lease areas in the New York Bight time to further plan the investigation and subsequent development of their lease areas.
Solicitations 4 and 5 will remain on schedule as previously announced. The solicitation schedule will be as follows:
|
Solicitation |
Capacity Target (MW) |
Capacity Awarded (MW) |
Issue Date |
Submittal Date |
Award Date |
Estimated COD |
|
1 |
1,100 |
1,100 |
Q3 2018 |
Q4 2018 |
Q2 2019 |
2024-25 |
|
2 |
1,200 – 2,400 |
2,658 |
Q3 2020 |
Q4 2020 |
Q2 2021 |
2027-29 |
|
3 |
1,200 |
Q1 2023 |
Q2 2023 |
Q4 2023 |
2030 |
|
|
4 |
1,200 |
Q2 2024 |
Q3 2024 |
Q1 2025 |
2031 |
|
|
5 |
1,342 |
Q2 2026 |
Q3 2026 |
Q1 2027 |
2033 |
|
|
Total Awarded + Target |
7,500 |
|
|
|||
