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New Jersey collecting $26 million in wind fees for research

January 7, 2022 — New Jersey utility regulators will collect more than $26 million in fees from offshore wind energy developers to fund research and monitoring – an assessment of $10,000 per megawatt of capacity.

The state Board of Public Utilities in mid-December approved memoranda of understanding with developers Ørsted, the Shell New Energies US/EDF Renewables North America joint venture Atlantic Shores, and the state Department of Environmental Protection.

Under the agreements the DEP will administer use of the funds collected by the BPU as part of its approvals in June 2021 for the second and third wind projects now planned foff New Jersey: The 1,509 MW Atlantic Shores array off Long Beach Island and the Ørsted 1,148 MW Ocean Wind 2 project to the south off Atlantic City.

Together the developers will kick in $26,576,000 according to BPU documents.

Read the full story at WorkBoat

NJ to Receive $26 Million from Offshore Wind Developers to Pay for Ocean Research

December 17, 2021 — More than $26 million in fees paid for by developers of New Jersey’s offshore wind farms will go to the state in an agreement approved this week, and officials say the money will pay for research and monitoring of hundreds of turbines to be erected in the years ahead.

New Jersey will also soon join a multi-state organization that jointly researches the effects of the nascent offshore wind industry along the Mid-Atlantic Seaboard, according to a memorandum of understanding by the state’s Board of Public Utilities.

Both agreements approved Wednesday are the newest steps in New Jersey’s long path toward allowing construction of several wind farms miles off the coast, which eventually will provide 7,500 megawatts of renewable energy by 2035.

In June, the BPU approved the state’s second and third wind farm projects: a 110-turbine, 1,509-megawatt wind farm by Atlantic Shores, which is owned by European power companies Shell New Energies US and EDF Renewables North America, and a 82-turbine, 1,148-megawatt farm by Ørsted called Ocean Wind 2.

Read the full story at NBC Philadelphia