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Wind Power News: New Jersey
These news and opinion items are gathered by National Wind Watch in its noncommercial educational mission to provide information about industrial wind energy development to readers seeking such information. They do not necessarily reflect the opinions of National Wind Watch. They are the products of and owned by the credited organizations or individuals and are shared here according to “fair use” and “fair dealing” provisions of copyright law. The original articles, links to which are provided, may have additional links and photos and other media that were not included here.
US Government reaches USD 1.2 billion offshore wind exit deal with RWE
RWE and the US Department of the Interior (DOI) have reached a settlement agreement under which RWE will relinquish its offshore wind leases in the New York Bight and off the coasts of California and Louisiana in exchange for USD 1.22 billion (around EUR 1.06 billion) in settlement funds. The agreement resolves RWE U.S. Offshore’s claims against the US government and brings an end to the company’s development plans associated with the three lease areas. RWE said it had invested . . . Complete story »
Another offshore wind company cancels four projects in deal with Trump
Invenergy, which owns the Even Keel Wind project, agreed to end its lease in the Morro Bay Wind Energy Area, the company announced on Wednesday. Invenergy will also terminate its three other offshore wind projects in the New York Bight and the Gulf of Maine, and instead redirect $765 million from those projects to other domestic energy sources, the U.S. Department of Interior said in a news release. As part of the deal, Invenergy can recover “partial reimbursement” for those . . . Complete story »
Trump administration buys out 4 more offshore wind leases for $765M
Invenergy will redirect the funds toward natural gas plants in Indiana, Wisconsin, Iowa, Kansas and Missouri as well as geothermal projects, the U.S. Department of the Interior said. The U.S. Department of the Interior on Wednesday announced it reached an agreement to pay Invenergy $765 million to terminate four offshore wind leases belonging to its affiliates, bringing the administration’s total number of lease buyouts to eight at a cost of more than $2.5 billion. Invenergy will “voluntarily terminate” the leases, . . . Complete story »
U.S. agrees to deal to cancel two more offshore wind farm leases
The U.S. Department of the Interior announced today that it has reached agreements to redirect the planned investment for two offshore wind farm projects into the oil and gas sector, and in exchange, it will reimburse the fees paid for the wind leases. The Trump administration has been pursuing this strategy with early-stage offshore wind projects that were still in the permitting stage, having already reached a similar deal valued at nearly $1 billion with TotalEnergies for its U.S. offshore . . . Complete story »
U.S. is negotiating to cancel more offshore wind leases
Executives at the French company Engie confirmed today that they are in discussions with U.S. officials about possibly canceling their offshore wind farm leases. Last month, the administration agreed to reimburse TotalEnergies for its offshore wind leases and hinted it might use the same technique with others, although advocates and lawmakers are questioning the legal authority. The Trump administration said in March that it had agreed to reimburse TotalEnergies nearly $1 billion it had paid to acquire a large lease . . . Complete story »
New Jersey admits defeat on offshore wind (at least for now)
Crucial transmission for future offshore wind energy in New Jersey is scrapped for now. The New Jersey Board of Public Utilities on Wednesday canceled the agreement it reached with PJM Interconnection in 2021 to develop wires and substations necessary to send electricity generated by offshore wind across the state. The board terminated this agreement because much of New Jersey’s expected offshore wind capacity has either been canceled by developers or indefinitely stalled by President Donald Trump, including the now-scrapped TotalEnergies . . . Complete story »
US Gov’t, TotalEnergies strike USD 1 billion deal; company to invest reimbursed offshore wind fees in its oil & gas projects
The US Department of the Interior (DOI) and TotalEnergies have signed settlement agreements to terminate the company’s two offshore wind leases in the United States, confirming recent reports that a deal was being drafted under which TotalEnergies would be reimbursed USD 928 million (around EUR 806 million) paid in lease fees. Under the deal, TotalEnergies, along with its partners, will relinquish the offshore wind lease areas in Carolina Long Bay and New York Bight, and recover the lease fees from . . . Complete story »
Empire Wind says it will ‘very likely’ kill wind farm project if work can’t resume by Jan. 16
Developers of the last offshore wind farm with a chance of happening anytime soon off New Jersey say they will “very likely” have to kill the project if a court does not allow work to resume by Jan. 16. Equinor, which is building the Empire Wind project, said in court papers filed Tuesday that an order by President Donald Trump’s administration halting five offshore wind projects on the East Coast on national security grounds is likely to deal a fatal . . . Complete story »
New Jersey offshore wind project canceled by developer
An attorney representing Invenergy told the New Jersey Board of Public Utilities in a Friday filing that the company’s 2.4-GW offshore wind project, Leading Light Wind, is canceled. Invenergy “has determined it cannot move forward with the project under the terms and conditions set out” when the BPU awarded it offshore wind renewable energy certificates in January of last year, the filing said. Invenergy “regrets this decision … and looks to the future for possible solicitations.” “The [BPU] is well . . . Complete story »
New Jersey revokes approval for Atlantic Shores offshore wind farm
New Jersey utility regulators on Wednesday canceled their preliminary approval of the Atlantic Shores offshore wind energy project as the industry continues to struggle with financial challenges and an all-out assault from President Donald Trump. But the company called the action “a pause,” not necessarily the end of the project. The state Board of Public Utilities terminated the Offshore Wind Renewable Energy Certificate for Atlantic Shores, a proposed two-phase wind farm between Atlantic City and Barnegat Light with 197 wind . . . Complete story »
