Articles Filter

Fishermen's secures NJ lifeline

Power purchase deal for 24MW demo 'next week'

Fishermen's secures NJ lifeline image

Fishermen’s Energy is close to finalizing an alternate offtake deal for the 24MW Atlantic City demonstration project, which has been repeatedly rejected for state offshore renewable energy certificates.

“This administration has clearly not been supportive of offshore wind over the last few years,” Fishermen’s chief executive Chris Wissemann said at the AWEA offshore conference in Rhode Island.

In the face of opposition by New Jersey governor Chris Christie’s administration, Fishermen’s has spent the last year looking for another way to sell its power. “We spent the better part of that year perfecting a power purchase agreement,” said Wissemann.

The project is in line for $40m in federal Energy Department funding but it must secure a power supply contract before the end of 2016.

Fishermen’s expects to close the deal with the unnamed offtaker next week. “That is essentially the last hurdle we have to make this project the next project we’ll see in the water,” said Wissemann.

The Atlantic City scheme has financing lined up, permits in place and the interconnect and engineering in hand.

The $220m demo comprises six 4MW Siemens turbines on twisted jacket foundations in state waters three miles off the coast of Atlantic City.

“We’re in a position to start commercial operations in a little less than two years,” said Wissemann.

Image: taste of things to come at the Fishermen's site off New Jersey (Fishermen's)

Other Tags

Free Trial

To receive the next 3 issues of reNEWS complete the form below

 Yes, I would like to receive marketing emails from reNEWS including special offers.

Please leave this field empty.