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PPAAnnouncedJune 21, 2019

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

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