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The New Jersey Board of Public Utilities (NJBPU) has cancelled the bidding process for the state’s fourth offshore wind solicitation, citing uncertainty caused by recent federal actions and Shell’s withdrawal from the Atlantic Shores offshore wind project. The state’s fourth round of offshore wind solicitation was launched in May 2024, initially aimed at awarding between 1.2 GW and 4 GW of capacity. Christine Guhl-Sadovy, Board of Public Utilities President, said in a statement that two out of three bids had withdrawn, leaving Atlantic Shores as the only bidder. Corio, TotalEnergies and Rise Light & Power consortium, as well as RWE-National Grid venture Community Offshore Wind, pulled out of the bidding process. Last week, Shell announced that it would be pausing its involvement in the Atlantic Shores offshore wind project, saying it no longer fit its capabilities or the returns the company expected. Shell owns half of the Atlantic Shores offshore wind development through a 50:50 joint venture with EDF Renewables, Atlantic Shores Offshore Wind, LLC. “A number of reasons led to this decision, notably Shell backing out as an equity partner in the Atlantic Shores project and backing away from the American clean energy market, as well as uncertainty driven by federal actions and permitting,” said Guhl-Sadovy. “The Board concluded that an award in New Jersey’s fourth offshore wind solicitation, despite the manifold benefits the industry offers to the state, would not be a responsible decision at this time.” |
