US plans commercial New Jersey wind project

Jul 21, 2014

The U.S. Department of the Interior and the Bureau of Ocean Energy Management have announced the proposed sale of leases for nearly 344,000 acres offshore New Jersey for commercial wind energy leasing.

By Ritesh Gupta

The plan is to auction the Wind Energy Area as two leases: the South Lease Area (160,480 acres) and the North Lease Area (183,353 acres). The Wind Energy Area begins about seven nautical miles off the coast of Atlantic City.

As per the estimate, the area, if fully developed, may be able to support up to 3,400 MW of commercial wind generation.

The bureau has already awarded five commercial wind energy leases off the Atlantic coast: two non-competitive leases (Cape Wind in Nantucket Sound off Massachusetts and an area off Delaware) and three competitive leases (two offshore Massachusetts-Rhode Island and another offshore Virginia).

The Proposed Sale Notice, to be published in the Federal Register on July 21, 2014, will include a 60-day public comment period ending on September 19, 2014.

Upcoming Events

Offshore Wind USA 2024

Boston, MA

Jun 17, 2024 to Jun 18, 2024

Latest Reports (Wind)

*Research note* Wind Energy Operations & Maintenance Costs

Long term contracts have led to a higher cost profile for asset owners and contracted asset owner, due to the “partial wrap” or “full wrap” component warranty for blades, gearboxes, and generators. However, the global COVID-19 pandemic has had some material impacts on this trend with OpEx budgets that were rapidly slashed. Has this affected you?
*Research Note* Wind Turbine OEMs: Reducing your bill of materials cost opens new markets

One of the most important tools they have to open new market is to reduce the bill of material costs. Drawing on an example from Nordex Acciona, the following research note takes a look at their global product sales pipeline, bill of materials reduction trends, global turbine price trends as well as buying patterns.
*Research Note* Global offshore wind energy market & commercial outlook

The global offshore wind energy market is undergoing a period of explosive growth. The market could grow to a total of 584GW installed if the industry finds a way to unlock the US $1.432 trillion in investment required to develop the proposed capacity additions.
*Research note* Offshore wind energy technology & supply chain outlook

Facing a period of tremendous growth, the offshore wind energy sector must continue to expand the supply chain to gain maximum global leverage and fulfil its potential. Understanding technology growth patterns and how to position yourself in this changing market landscape will be critical.