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LG Energy Solution gets ambitious with ESG vision - Press Release
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LG Energy Solution gets ambitious with ESG vision
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Rhythm Launches Electricity Plans Backed By 100% Solar Power Generated in Texas
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Chapman Ranch Plans from Rhythm Let Customers Support Renewable Energy Generated by Texas Gulf Winds
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GlobeNewswire Europe
The New Jersey Board of Public Utilities (BPU) has issued an order awarding Ocean Wind 2 a 20-year OREC (Offshore Renewable Energy Certificate) for its proposed offshore wind farm with a capacity of 1,148 MW. With today’s award, the Ocean Wind lease will be utilized to its maximum capacity of approx 2.3 GW. The 2029 OREC price is USD 84.03 per MWh with a 2% annual escalator.
Ocean Wind 2 is being developed by Ørsted, the world leader in offshore wind development. Ocean Wind 2 will be located adjacent to Ocean Wind (“Ocean Wind 1”), the company’s first New Jersey project which was awarded an 1,100 MW OREC order by the BPU in June 2019. Ocean Wind 1 is being developed by Ørsted in partnership with Public Service Enterprise Group (PSEG) who owns 25% equity in the project.