The developers of 2.4 GW Leading Light offshore wind project have notified the New Jersey Board of Public Utilities (BPU) that they cannot proceed with the project…
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The developers of 2.4 GW Leading Light offshore wind project have notified the New Jersey Board of Public Utilities (BPU) that they cannot proceed with the project under the terms of the Board’s 2024 offshore renewable energy certificate (OREC) award.
The companies, Invenergy and energyRE, told regulators they will not make the binding compliance filing required by the Board’s January 2024 order, effectively ending its ability to advance the project under the awarded OREC terms.
The notice said the developers will continue work on the project ‘as conditions allow’ and may pursue future solicitations.
They cited a series of economic, regulatory and supply chain challenges faced across the offshore wind industry. The letter referenced difficulties with equipment, vendors and evolving regulatory requirements, noting that these conditions have made development of new projects ‘extremely difficult’.
The developers previously sought and received a stay of the enforcement of the Board’s order, halting compliance obligations through late 2024. Invenergy later filed multiple motions to extend the stay, which the Board had not acted on at the time of the
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