Ocean Wind 1

Ocean Wind 1 was an offshore wind energy project located approximately 13 nautical miles (15 miles, 24 kilometers) southeast of Atlantic City, New Jersey in the Atlantic Ocean. The project aimed to construct a wind farm with a total capacity of up to 1,100 megawatts (MW). Ocean Wind 1 was supposed to have two landfall sites: the Oyster Creek Landfall Site located in Lacey Township, New Jersey and BL England Landfall Site located in Upper Township, New Jersey. Onshore substations were planned for each point of interconnection (POI). The project was initially expected to be commissioned in 2024.

Ocean Wind 1's development process spanned from 2015-2023. During this period, the project faced challenges, including potential disruptions to navigation, vessel traffic, and impacts on submerged cultural resources. Despite these challenges, the Bureau of Ocean Energy Management (BOEM) approved the project's Construction and Operations Plan (COP) in September 2023, permitting construction to begin. The wind farm was planned to comprise up to 98 Wind Turbine Generators (WTGs) and three offshore substations (OSS) in Lease Area OCS-A 0498. Ocean Wind LLC, a subsidiary of the Danish company Ørsted, was the developer of the project. Public Service Enterprise Group (PSEG) held a 25% equity interest in the project from 2020 to 2023. PSEG sold their 25% equity interest in May 2023.

Ocean Wind 1 was expected to generate 4,851,489 megawatt-hours (MWh) annually, meeting the New Jersey Board of Public Utilities (BPU) requirements for Offshore Renewable Energy Certificates (ORECs). In October 2023, Ørsted announced the cancellation of Ocean Wind 1 due to rising costs, delays, and supply chain constraints. Following the project's cancellation, Ørsted reached a $125 million settlement with the State of New Jersey, and in August 2024, the New Jersey Board of Public Utilities (BPU) vacated the project’s approvals, nullifying its OREC agreement.