The New Jersey Board of Public Utilities (NJBPU) has announced that it will not move forward with an award in the state's fourth offshore wind solicitation. This decision comes after only one bidder, Atlantic Shores, submitted a final offer following the withdrawal of two other initial bidders.
Christine Guhl-Sadovy, President of NJBPU, explained the reasons behind this decision: "A number of reasons led to this decision, notably Shell backing out as an equity partner in the Atlantic Shores project and backing away from the American clean energy market, as well as uncertainty driven by federal actions and permitting." She added that despite the benefits offshore wind offers to New Jersey, proceeding with an award at this time would not be responsible.
Guhl-Sadovy emphasized the importance of offshore wind for economic development and energy independence. "Offshore wind still represents a once-in-a-generation economic development opportunity and is key to helping the region and country achieve energy independence," she stated. The NJBPU remains committed to collaborating with Governor Murphy and other state agencies to develop a successful offshore wind industry in New Jersey.
She also expressed gratitude towards Atlantic Shores for their efforts and dedication to promoting a cleaner future: "We are also deeply appreciative of Atlantic Shores’ work and their commitment to providing a cleaner and healthier future."
The NJBPU is responsible for regulating essential services such as natural gas, electricity, water, wastewater, telecommunications, and cable television in New Jersey. The agency oversees utility services, addresses consumer complaints, and investigates utility accidents.
For more information about NJBPU's roles and responsibilities, visit their website at www.nj.gov/bpu.
