19 Dec 2018: The New Jersey Board of Public Utilities (NJBPU) denied the petition of Nautilus Offshore Wind, LLC to install a 25 MW offshore wind demonstration project in state waters off the coast of Atlantic City. This is the second time in a decade the Board has unanimously denied an iteration of this project. According to the NJBPU the project does not demonstrate the economic and environmental benefits required under the Offshore Wind Economic Development Act (OWEDA). As required by OWEDA, an offshore wind project must demonstrate “positive economic and environmental net benefits to the State.” Despite multiple requests during the proceeding, Nautilus did not provide the necessary information so that Board Staff could properly validate the information. Additionally, Nautilus failed to provide the assumptions and inputs used in their economic multiplier modeling, making it impossible for the Board to confirm whether the application satisfied OWEDA. The price quoted by Nautilus was too high given the unsubstantiated benefits, and therefore an unacceptable burden for the state’s ratepayers. This includes the proposed OREC starting price plus the annual escalator. Board staff made this clear to Nautilus at multiple points during negotiations over the last three months, but the price never came down to an acceptable level.
Location:
United States
Status:
Cancelled
Capacity:
25 MW
4C Offshore | Location Map: Lat(39.312) Lon(-74.411)

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Power & Turbines
Windfarm Capacity
25 MW
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Atlantic Ocean
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39.311899°
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