in News Departments > New & Noteworthy
print the content item

On the heels of signing its $47 million grant from the U.S. Department of Energy (DOE), Fishermen's Energy says it has scored a big win in its three-year fight to gain approval from the New Jersey Board of Public Utilities (BPU) to build a demonstration offshore wind project off the coast of Atlantic City.

In light of the DOE grant, the Superior Court of New Jersey, Appellate Division, has ruled in favor of Fishermen's on a motion filed to require the BPU to reconsider the developer's application for the 25 MW project. The BPU's approval would allow Fishermen's to use New Jersey's offshore renewable energy certificates - as part of the Offshore Wind Economic Development Act - to support the financing and construction of its demonstration project.

The BPU denied the project application in March, claiming that the alleged energy price of $263/MWh was too high; however, Fishermen’s has maintained that its actual proposed price was $199.17/MWh.

“August 19th marks the fourth anniversary of the signing of the Offshore Wind Economic Development Act, and thanks to the intervention of an independent judiciary, we hopefully will finally see this bipartisan legislation implemented,” says Paul Gallagher, Fishermen’s COO and general counsel.

Mike Stein of Pashman Stein, litigation counsel to Fishermen’s, adds, “We are gratified by the court’s decision to remand the matter back to the BPU for further consideration. We believe that the record, as now supplemented clearly and unambiguously, supports Fishermen’s position, and we fully expect that the BPU will now grant its application."


Trachte Inc._id1770
Latest Top Stories

Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.


Texas Comptroller Attacks Wind Power, And Industry Fights Back

Texas Comptroller Susan Combs recently released a report calling for an end to wind power subsidies. The Wind Coalition has responded, saying the report is riddled with misinformation.

Canwea_id1984
Renewable NRG_id1934