April 15, 2024

New Jersey Economic Development Authority (NJEDA)

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Offshore Wind: NY, NJ Collaborate to Boost Infrastructure, Supply Chain

Two states with some of the most ambitious offshore wind goals in the nation brought stakeholders together last week, trying to keep things on track in 2024.

NJ Advances Multifaceted Building Decarbonization Strategy
New Jersey officials wrestle with the role of natural gas as building electrification efforts grow in an effort to decarbonize the grid.
New Jersey Launches OSW Infrastructure Solicitation
Recent setbacks will not prevent the New Jersey BPU from moving forward with the state's commitment to offshore wind.
NJ Lawmakers Back Ørsted’s Tax Credit Plea
The New Jersey Legislature appears to be backing bills that would allow offshore wind developer Ørsted to directly received federal tax credits for its Ocean Wind 1 project.
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NJ $1 Billion OSW Port and Marshaling Hub 60% Finished
New Jersey’s massive $1 billion play to jump start a new energy industry based on harnessing wind power is proceeding apace on the banks of the Delaware River.
Heitman, LLC
NJ Launches $80M Clean Energy Loan Fund for Small Business
New Jersey’s EDA is accepting applications for matching loans of up to $10 million to small businesses seeking to make clean energy investments.
New Jersey Department of Environmental Protection
NJ To Accelerate RGGI Fund Expenditures
New Jersey has been slow to spend Regional Greenhouse Gas Initiative funds since returning to the program but is taking steps to speed up the process.
Township of Woodbridge
NJ Allocates $70M in RGGI Funds for Heavy-duty EVs
New Jersey announced it allocated $70 million in Regional Greenhouse Gas Initiative funds to purchase school buses and other heavy-duty electric vehicles.
NREL Report Sees Role for Electric Trucks at Port of NY-NJ
Current electric trucks could replace 20% of the diesels hauling cargo from the Port of NY-NJ, but full electrification will require trucks with longer ranges.
Faith Krausman
Electric MHD Truck Incentives Promoted in NJ
The state is seeking to stoke interest in EV truck purchases as it prepares to launch a $46M second phase of its incentive program for fleet chargers.

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