October 10, 2023 — As Avangrid and Orsted waffle on wind farms off the southern New England coast amid runaway costs, two more big developers are pushing ahead undeterred for a big installation off New Jersey — presumably at a price point that could raise the bar on what Connecticut and other states will have to pay to get the wheels turning on wind power.
Attentive Energy announced it would bid on a power purchase agreement from New Jersey for a new proposed wind farm, the same day Avangrid announced it would back out of Park City Wind. The project was second in the pipeline to generate carbon-free electricity for Connecticut from offshore winds, after Orsted’s Revolution Wind.
A subsidiary of France-based TotalEnergies, Attentive Energy is pairing with the Corio Generation affiliate of Macquarie Group based in Australia. New Jersey kept the window open for bids from March through August, coinciding with a stretch in which some offshore wind developers elected to cut their losses amid high interest rates that are making it more expensive to finance projects with loans, and continuing problems with the array of suppliers needed for the projects.