January 7, 2022 — New Jersey utility regulators will collect more than $26 million in fees from offshore wind energy developers to fund research and monitoring – an assessment of $10,000 per megawatt of capacity.
The state Board of Public Utilities in mid-December approved memoranda of understanding with developers Ørsted, the Shell New Energies US/EDF Renewables North America joint venture Atlantic Shores, and the state Department of Environmental Protection.
Under the agreements the DEP will administer use of the funds collected by the BPU as part of its approvals in June 2021 for the second and third wind projects now planned foff New Jersey: The 1,509 MW Atlantic Shores array off Long Beach Island and the Ørsted 1,148 MW Ocean Wind 2 project to the south off Atlantic City.
Together the developers will kick in $26,576,000 according to BPU documents.