New Jersey expands offshore wind power capacity target to 11 GW by 2040

Strong points

Increase from current target of 7.5 GW by 2035

Provides $10 million in new economic investments

New Jersey Governor Phil Murphy signed an executive order to increase the state’s offshore wind goal by nearly 50% to 11 GW by 2040 and ordered local regulators to assess the feasibility of raise the target further.

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“With Governor Murphy’s announcement that New Jersey will once again raise its offshore wind target from 7.5 GW by 2035 to 11 GW by 2040, the state has solidified itself as a leader nationwide in promoting this fast-growing industry,” John Begala, vice president of federal and state policy for the Business Network for Offshore Wind, said in an emailed statement Sept. 22.

“This commitment demonstrates how critical offshore wind is to accelerating our transition to renewable energy, and the powerful tailwinds it can bring to our supply chain and our economy,” Begala said.

Governor Murphy announced the expansion of the offshore wind capacity target Sept. 21 during New York City Climate Week at a US Climate Alliance event alongside New York Governor Kathy Hochul, who said New York had issued its sixth competitive solicitation seeking 2 GW or more of large-scale increases. renewable energy projects.

Both states are using policies and regulations to address the impacts of climate change. New Jersey is seeking a 100% clean energy state economy by 2050 and New York has mandated an emissions-free power system by 2040 among many other goals, including an offshore wind capacity target of 9 GW by 2035.

“Extreme weather events and severe flooding across the country leave no doubt – the effects of climate change are becoming more impactful and aggressive, and so must we,” Murphy said in a statement.

The New Jersey Board of Public Utilities will study the feasibility and benefits of further increasing the offshore wind target and provide recommendations no later than one year from the effective date of the executive order for an updated target” which will further support the achievement of New Jersey’s clean energy goal and the continued growth of the offshore wind industry in the state and the high-paying jobs associated with the industry,” according to the executive order that is officially referred to as order number 307.

New Jersey has set a schedule to reach the initial 7.5 GW by 2035, which includes a fourth competitive solicitation of 1,200 MW to be issued in the second quarter of 2024, a fifth solicitation of 1,400 MW to be issued in the second quarter of 2026, and a sixth solicitation of 1,400 MW to be issued in the first quarter of 2028.

Economic development

Governor Murphy also released the Green Jobs for a Sustainable Future report, which was created by the New Jersey Council on the Green Economy in partnership with the Governor’s Office for Climate Action and the Green Economy. .

The report provides recommendations for developing a “representative and demographically inclusive green workforce as New Jersey pursues its clean energy future,” according to the governor’s statement.

Murphy also released an analysis of offshore wind jobs and highlighted $10 million in new investments that will guide the state as it prepares to execute a year-long action plan designed to “create well-paying jobs.” in the growing green economy,” the statement said.

“As we pursue even bolder offshore wind goals, we will strive to equitably develop a green economy that produces well-paying jobs, equal pay and long-term career opportunities for future generations,” said Jane Cohen. , Executive Director. of the Governor’s Office for Climate Action and the Green Economy, said.

Additionally, the NJBPU and PJM Interconnection are collaborating on an initiative using PJM’s competitive planning process to advance New Jersey’s offshore wind goals.

The BPU is currently evaluating 80 proposals that have been submitted to meet New Jersey’s offshore wind generation goals, with a focus on onshore upgrades to existing facilities, new onshore transmission connection facilities, new offshore transmission connection and the potential for developing an offshore transmission network.

NJBPU staff are expected to make their recommendations to the utility board in October.

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