They join the one remaining project of the three originally approved by the state, Atlantic Shores. and eventually expected to generate enough electricity to power up to 660,000 homes after completion of construction by late 2026.Īnd New Jersey still has several other offshore wind projects in various stages of development, with four new proposals submitted in August alone. Dominion Energy received a favorable “record of decision” from federal regulators who reviewed the potential environmental impact of its plan to build 176 turbines in the Atlantic, more than 20 miles (32 kilometers) off Virginia Beach.ĭominion said its project will be the largest offshore wind farm under development in the U.S. In Virginia, a utility’s plans for an enormous wind farm off that state’s coast gained key federal approval Tuesday. Two weeks ago, New York regulators rejected a request from companies for larger subsidies to complete large-scale wind, solar and offshore wind projects, saying the companies were expected to to abide by the terms of their deals with the state. The decision was the latest in a series of setbacks for the offshore wind industry in the northeast. But he insisted the industry will succeed in New Jersey, noting that the state will solicit yet another round of project proposals soon. Murphy said Orsted was facing the same supply chain, inflation and other challenges that competitors in the offshore wind industry face. He noted that Orsted was required to put up an additional $200 million to benefit the state’s offshore wind industry, and said he would make sure the company abides by that obligation. “As recently as several weeks ago, the company made public statements regarding the viability and progress of the Ocean Wind I project.” “Today’s decision by Orsted to abandon its commitments to New Jersey is outrageous and calls into question the company’s credibility and competence,” the Democratic governor said. Murphy, who took significant political heat for the tax break, reacted angrily to Orsted’s decision to walk away from New Jersey.

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