- Press Releases
October 29 (Renewables Now) - New Jersey-based Public Service Enterprise Group Inc (NYSE:PEG), or PSEG, and Danish energy group Ørsted A/S (CPH:ORSTED) have lodged several joint proposals for offshore wind transmission in New Jersey collectively called Coastal Wind Link.
The proposals were submitted into the PJM State Agreement Approach Proposal Window and are designed to deliver thousands of megawatts of offshore wind energy into New Jersey, the companies unveiled on Thursday. New Jersey wants to integrate 7,500 MW of offshore wind energy by 2035.
The Coastal Wind Link proposals will use existing PSEG infrastructure in New Jersey to expedite development and enhance constructability, the partners said.
Ørsted is developing two large-scale offshore wind farms in New Jersey -- Ocean Wind 1, in partnership with PSEG, and Ocean Wind 2.
PSEG's affiliate and New Jersey's largest electric and gas utility, Public Service Electric and Gas (PSE&G), has, in addition, submitted multiple proposals into the PJM State Agreement Approach Proposal Window for onshore grid upgrades that will be needed to accommodate offshore generation.
The solicitation is seen as a first-of-a-kind policy-led approach to transmission in the PJM market.
In late 2020, New Jersey became the first state to use a new regulatory avenue, the State Agreement Approach, when the New Jersey Board of Public Utilities asked PJM Interconnection to include the state’s offshore wind targets into the regional transmission planning process.