Ocean Wind 1 — 1,100 MW offshore wind, 15 mi SE of Atlantic City NJ
First-ever NJ offshore wind award. Selected over Atlantic Shores + Boardwalk Wind. ~$1.46/month residential ratepayer impact.
$98
Deal Value
1,100MW
Capacity
Offshore Wind
Technology
NJ
Location
Deal Details
- Deal Type
- Power Purchase Agreement
- Seller / Sponsor
- Ørsted (with PSEG MOU for 25%)
- Buyer / Financier
- NJ BPU OREC
- Offtaker
- NJ BPU OREC
- Deal Value
- OREC $98.10/MWh first year ($46.46 levelized)
- Stage
- Development
- ISO/RTO
- PJM
- Source
- NJ Governor
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