United States

United States

NJ Senate pushes Fishermen's project forward

UNITED STATES: The New Jersey senate house has approved a law allowing Fishermen's Energy's 25MW Atlantic City project to proceed without a cost-benefit analysis.

Fishermen's Energy had a lidar installed off the coast of Atlantic City, New Jersey
Fishermen's Energy had a lidar installed off the coast of Atlantic City, New Jersey

In addition to removing a cost analysis, the bill also requires the New Jersey Board of Public Utilities (BPU) to approve the offshore project located 4.5 kilometers from Atlantic City.

Cost-benefit analysis have delayed the project. The BPU has twice rejected the project on the basis that it fails to give consumers value for money.

In April, the BPU refused the project saying that its expected energy price of $263/MWh was too high and should not be paid for by state consumers. Judges from the state superior court ordered BPU to reconsider the project with a more accurate electricity price of $199.17/MWh.

In November, the BPU rejected the project again. Now the state's government has stepped in to allow the project to proceed. The law still needs to be approved by the state assembly and the governor Chris Christie.

The 25MW demonstration site is a crucial part of Fishermen's plan to build a 330MW development off the New Jersey coast by 2022.

The developer said it already has all the federal and state permits it needs to start construction. It is due to use the XEMC Darwind 5MW turbine but Fishermen's has said it is in discussion with other manufacturers, while keeping XEMC in the frame.

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