New Jersey is halting a first-in-the-nation grid upgrade plan for offshore wind ambitions. (Renews)
The context: NJ offshore wind projects totaling nearly 4 GW (from Invenergy and TotalEnergies) have collapsed. Now, the BPU is rushing to cut its transmission cost-sharing agreement with PJM. This decision dismantles around $800M of grid upgrades that would incorporate state offshore wind targets…returning NJ’s coastal transmission strategy to square one.