September 12, 2018 — On Sept. 5, the New Jersey Board of Public Utilities deemed the application by EDF Renewables and Fishermen’s Energy for the Nautilus Offshore Wind project is complete.
The BPU has 90 days from Aug. 1 to review the project and make a decision on whether to approve the small-scale project to be located approximately 2.8 miles off the coastline of Atlantic City.
According to a press release from EDF and Fishermen’s Energy, once approved construction would start immediately and could be completed in 2020.
The project is expected to be comprised of three wind turbines with a combined capacity of up to 25 megawatts (MW).
“It’s a crucial first step toward implementing the Offshore Wind Economic Development Act and building a workforce capable of meeting Gov. Phil Murphy’s statewide goal of 3,500 MW of offshore wind generation by 2030,” said EDF spokesperson Cathy Rought.
Nautilus Offshore Wind is expected to employ about 600 workers for a year during construction, as well as additional jobs during operation and maintenance. New Jersey residents across the state could expect to begin receiving power generated by Nautilus Offshore Wind as early as 2021. The company estimates that for the average New Jersey electric consumer, the additional cost of power will amount to about $1.76 per year. At the same time it would offset 40,000 tons of carbon dioxide. It will also serve as a laboratory for new avian monitoring (bird strikes) and marine mammal impacts.
“Nautilus will make it possible for Atlantic City to become the birthplace of an emerging industry, creating new jobs and sustainable economic growth,” said New Jersey Assemblyman Vince Mazzeo (Atlantic County). “When approved, the project will be the start of an energy transformation that will allow for a brighter and cleaner future here in Atlantic City, in Atlantic County and across the state.”
According to EDF and Fishermen’s Energy, an independent analysis showed that Nautilus is expected to increase New Jersey’s total economic output by $150 million with construction by 2020. Maintaining the offshore wind project could add $16 million annually for the state, with a projected economic and environmental net benefit of $235 million.