Leading Light Wind — 2,400 MW offshore wind, ~47 miles off Atlantic City, New Jersey (PJM)
First-year OREC price; escalator 3.0%/yr. Year-1 OREC value $131/MWh as later annualized. Disclosed in NJ BPU board order. Includes inflation-adjustment provision; one of the highest-disclosed PJM-area renewable prices in 2024. COD: 2032-01-01. Contract term: 20 years. Price confidence: high.
Deal Value
2,400MW
Capacity
Offshore Wind
Technology
NJ
Location
Deal Details
- Deal Type
- Corporate PPA
- Seller / Sponsor
- Invenergy / energyRE (Leading Light Wind JV)
- Buyer / Financier
- New Jersey BPU ratepayers (Third Solicitation OREC)
- Offtaker
- New Jersey BPU ratepayers (Third Solicitation OREC)
- Stage
- Operating
- ISO/RTO
- PJM
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