New Jersey looks to triple offshore wind tender target

New Jersey is planning to award 4GW of offshore wind capacity in its upcoming tender – more than triple the 1.2GW it had originally targeted.

It is consulting on the latest plans for the upcoming tender, with a deadline for comments of 29 December.

The US east coast state intends to open its third offshore wind auction in the first quarter of 2023, with bids to be submitted in the second quarter, and contracts to be awarded in the fourth quarter.

Its newly updated draft solicitation also includes plans for a mechanism to adjust for inflation.

The state intends to have qualitative criteria – including supply chain requirement and environmental standards – to account for 70% of the bid’s weight, with price accounting for the 30% remainder.

New Jersey aims to have 11GW of offshore wind capacity by 2040, though Governor Phil Murphy wants to increase this target further.