in News Departments > Projects & Contracts
print the content item

The New Jersey Board of Public Utilities (NJBPU) has announced that the five proposals that were submitted for the New Jersey Offshore Wind Solicitation Grant are now available for public perusal.

The proposals came from Environmental Technologies LLC, Fishermen's Energy of New Jersey LLC, Garden State Offshore Energy, Occidental Development & Equities LLC and Bluewater Wind.

The solicitation sought proposals to install a maximum aggregate capacity of 350 MW in offshore renewable electricity generating technology at the economic terms and environmental performance most advantageous to the New Jersey ratepayer and taxpayer. A maximum grant award of $19 million was offered, with as much as 10% available in pre-construction funds and the remainder to be paid based upon production of electricity.

Funding has been budgeted in the New Jersey Clean Energy Program's 2008 renewable energy budget, with payment to be processed through a cooperative agreement with the New Jersey Economic Development Authority.

The evaluation committee will develop an award recommendation based upon review of the proposals that will be presented to the NJBPU. The committee will seek to reach a consensus decision as to which respondent, if any, are to be recommended for the contract award. The committee's work concludes with NJBPU's acceptance of its report, which will contain the recommendations regarding grant award.

The evaluation committee is expected to make a recommendation at its regularly scheduled meeting on Oct. 2.

SOURCE: New Jersey Board of Public Utilities



Trachte Inc._id1770
Latest Top Stories

Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.


Having Their Say: CanWEA Clarifies True Source Of Canadian Wind Success

The Canadian Wind Energy Association (CanWEA) takes issue with a recent report summary regarding various renewable energy policies in North America.


FWS Issues Landmark Eagle Take Permit: What Does It Mean For Wind Projects?

The U.S. Fish and Wildlife Service's (FWS) recent decision has far-ranging implications for operating wind farms, as well as for those under development.


'Significant' Opportunity Exists Within Wind Energy's O&M Services Market

An increasing number of wind turbines are nearing the end of their warranty period, creating significant revenue-generating opportunities within the wind turbine operations and maintenance (O&M) sector.

Renewable NRG_id1934