November 7, 2019 — PSEG Long Island’s sister power company is contemplating a second major offshore wind initiative with Danish energy giant, Orsted, in which it could acquire a stake in a massive New Jersey project, even as the company works to help implement separate Orsted wind farms for the South Fork and New York State.
PSEG Power announced last week that it had begun to seek approvals and analyze the prospect of acquiring a 25% stake in a 1,100-megawatt offshore wind farm for New Jersey called Ocean Wind. PSEG Power already had already been working to support the project. And it has a partnership with Orsted predecessor Deepwater Wind for a separate project in waters off New Jersey south of the planned Ocean Wind farm.
Deepwater Wind is the company that successfully bid for an originally 90-megawatt wind farm off the coast of Rhode Island and Massachusetts that will provide energy to the South Fork. The project was later expanded to 130 megawatts. PSEG Long Island’s power markets group provided the analysis that led to the recommendation of that project, which LIPA’s board approved in January 2017, after nods from town governments in East Hampton and Southampton.