{"id":174,"date":"2019-07-19T10:47:35","date_gmt":"2019-07-19T15:47:35","guid":{"rendered":"http:\/\/www.njenergyratings.com\/blog\/?p=174"},"modified":"2019-07-19T10:47:35","modified_gmt":"2019-07-19T15:47:35","slug":"nj-bpu-oks-biggest-us-offshore-wind-farm","status":"publish","type":"post","link":"https:\/\/www.njenergyratings.com\/blog\/nj-bpu-oks-biggest-us-offshore-wind-farm\/","title":{"rendered":"NJ BPU OKs Biggest US Offshore Wind Farm"},"content":{"rendered":"
\"Learn
Learn how the largest off-shore wind farm in the US will affect your NJ electricity bills and change the grid.<\/em><\/center><\/figcaption><\/figure>\n

USA\u2019s Largest Wind Farm – 15 Miles From Atlantic City<\/span><\/h2>\n

New Jersey has made great progress in clean energy production. The Garden State is already living up to its name with some of the <\/span>best solar energy records<\/span><\/a> in the US. In June, the New Jersey Board of Public Utilities (NJBPU) agreed unanimously to allow construction of a new off shore wind farm. The winning project, from Danish firm <\/span>\u00d8rsted, was backed by PSE&G, and the <\/span>new wind turbine development will be named \u201cOcean Wind\u201d<\/span><\/a>.<\/span><\/p>\n

Wind Turbines Off NJ Coast?<\/span><\/h3>\n

New Jersey\u2019s Governor, Phil Murphy, has committed the state to creating <\/span>3,500 MW of offshore wind generation capacity by 2030<\/span><\/a>. This first round of wind turbines will create 1,100 MW when completed, and are projected to begin producing electricity for New Jersey customers<\/a> in 2024. Two further installation rounds of turbines, at 1,200 MW each, will begin producing electricity in 2020 and 2022.<\/span><\/p>\n

Investing in these turbines is potentially a smart move for the state\u2019s future. When completed, the wind farm will have an electricity production capacity<\/a> rivaling the country’s largest nuclear power stations. <\/span>USA offshore wind farms are still new<\/span><\/a>; they face a combination of higher installation and transmission costs that make onshore plants much more attractive. Now, however, states like New York are looking to start production. New Jersey is well-placed to secure a competitive place in a burgeoning market – the market for green New Jersey energy<\/a> looks set to expand in the future.\u00a0<\/span><\/p>\n

How Will These Offshore Wind Farms Affect New Jersey?<\/span><\/h3>\n

The NJBPU mentions several key benefits. Firstly, wind energy companies will employ tens of thousands of New Jersey residents for the 20-year project. This doesn\u2019t just include rig workers and other specialists; many <\/span>crucial ports such as Paulsboro<\/span><\/a> are anticipating investment boosts as the project gets under way. Renewable energy companies are betting that this project will renew interest in other large capacity off shore wind projects.<\/span><\/p>\n

Because wind energy has no fuel costs, New Jersey electricity rates<\/a> may fall over the long haul. Unfortunately, developing this <\/span>first stage of the wind turbine project<\/span><\/a>\u00a0alone will cost $1.6 billion. New Jersey ratepayers will fund this with an $18 increase in annual bills. This may frustrate many New Jersey residents who have just been forced to <\/span>bail out PSE&G to the tune of $300 million<\/span><\/a> (or about $41 annually). Even residents who agree with Governor Murphy’s plans may cringe at this additional charge to their monthly bills.\u00a0<\/span><\/p>\n

Keep Your Rates Low<\/span><\/h3>\n

The power from these new wind turbines should be enough to power half a million homes across the Garden State. Until then, New Jersey energy is still some of the <\/span>most expensive electricity in the US<\/span><\/a>, and it\u2019s essential to find a cheap rate. Compare <\/span>cheap NJ electricity rates<\/span><\/a> in your area today to find ways to keep costs low.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

USA\u2019s Largest Wind Farm – 15 Miles From Atlantic City New Jersey […]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mbp_gutenberg_autopost":false},"categories":[12,16,9,10,17,18],"tags":[7],"_links":{"self":[{"href":"https:\/\/www.njenergyratings.com\/blog\/wp-json\/wp\/v2\/posts\/174"}],"collection":[{"href":"https:\/\/www.njenergyratings.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.njenergyratings.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.njenergyratings.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.njenergyratings.com\/blog\/wp-json\/wp\/v2\/comments?post=174"}],"version-history":[{"count":4,"href":"https:\/\/www.njenergyratings.com\/blog\/wp-json\/wp\/v2\/posts\/174\/revisions"}],"predecessor-version":[{"id":176,"href":"https:\/\/www.njenergyratings.com\/blog\/wp-json\/wp\/v2\/posts\/174\/revisions\/176"}],"wp:attachment":[{"href":"https:\/\/www.njenergyratings.com\/blog\/wp-json\/wp\/v2\/media?parent=174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.njenergyratings.com\/blog\/wp-json\/wp\/v2\/categories?post=174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.njenergyratings.com\/blog\/wp-json\/wp\/v2\/tags?post=174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}