Fishermen’s Energy Files OREC Petition With NJBPU

0

Fishermen's Energy of New Jersey LLC has announced the filing of a petition to the New Jersey Board of Public Utilities (NJBPU) by its affiliate, Fishermen's Atlantic City Windfarm LLC.Â

The petition seeks the approval by the NJBPU of offshore renewable energy certificates (ORECs) to support the financing and construction of a proposed wind farm off the coast of Atlantic City, pursuant to the New Jersey Offshore Wind Economic Development Act.

The NJBPU petition would set the electric revenues for this 25 MW demonstration-scale project, which would be located about 2.8 miles east of Atlantic City and consist of six turbines.Â

‘We are confident that with our unique on-water experience, along with our offshore wind energy development capabilities, Fishermen's Energy is an ideal partner for making offshore wind energy a reality for the state of New Jersey,’ says Daniel Cohen, president of Fishermen's Energy.

The Offshore Wind Economic Development Act authorizes 1,100 MW in projects, gives the NJBPU the ability to set up to a 20-year OREC price for offshore wind energy projects and provides $100 million in tax credits to attract manufacturers to invest in new facilities and create new offshore wind equipment manufacturing jobs in New Jersey ports.

SOURCE: Fishermen's Energy

Leave a Comment
Your email address will not be published. Required fields are marked *

avatar
  Subscribe  
Notify of