Ørsted's big triumph keeps US prices low

With a winning bid at roughly the same level as the preceding public tenders, the Danish utility maintains the cost of US offshore wind at a stable but low level.

The price of the coming offshore wind farm in New Jersey starts at almost the rate of a a counterpart in Anholt, Denmark. | Photo: Siemens

New Jersey has selected Ørsted as preferred bidder for its first offshore wind tender, the company confirms in a statement Friday.

"The New Jersey Board of Public Utilities (NJBPU) has selected Ocean Wind, an offshore wind energy project proposed by Ørsted with support from Public Service Enterprise Group (PSEG), to negotiate a 20-year offshore wind renewable energy credit (OREC) for an offshore wind farm with a capacity of 1,100MW," Ørsted writes.

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