Overview
- Invenergy informed the New Jersey Board of Public Utilities that the Leading Light Wind project is canceled after concluding it cannot proceed under its OREC award.
- Filings attribute the decision to cost pressures, supply shortages, vendor constraints, shifting requirements, and an inability to secure a turbine supplier.
- The 2.4 GW project was planned about 40 miles off New Jersey with an initial goal of 2030 operation.
- Developers previously obtained multiple extensions and a stay after missing filing milestones, then determined they could not meet lease obligations.
- Invenergy said it regrets the decision and may consider future solicitations, as other developers such as JERA Nex BP also scale back U.S. offshore wind investments.