New Jersey Offshore Wind Project Delayed Again Over Supply Chain Struggles
Leading Light Wind seeks a second extension as turbine manufacturers face price hikes and compatibility issues.
- Leading Light Wind has requested a second delay from the New Jersey Board of Public Utilities, extending the project timeline to May 20, 2025.
- The developers, Invenergy and energyRE, cite ongoing supply chain challenges and price volatility in the offshore wind equipment market as reasons for the delay.
- The project, located 40 miles off Long Beach Island, aims to build up to 100 turbines capable of powering 1 million homes.
- Major turbine manufacturers, including GE Vernova, Vestas, and Siemens Gamesa, have either withdrawn or increased prices, complicating procurement efforts.
- The delay comes as President-elect Donald Trump, a vocal critic of offshore wind energy, prepares to take office, raising concerns about potential federal policy changes affecting the industry.