Category Archives: Offshore

Helicopter services provider NHV Group reported Wednesday that it has signed a new contract with PSE Kinsale Energy Ltd. to support decommissioning operations in the Celtic Sea.

Under the agreement, NHVs Danish branch NHV AS Denmark will provide a dedicated Leonardo AW139 twin-engine helicopter to provide transfer flights toward the Stena Spey drilling rig, NHV noted in a written statement emailed to Rigzone. The rig sits approximately 31 miles (50 kilometers) off the south coast of Cork, Ireland, and flights will likely begin next month, the contract recipient added.

We are delighted to be partnering with Kinsale Energy on this project and feel confident that its offshore workforce will appreciate our passion for safe and reliable operations, remarked Lars Skov, NHV AS managing director and group commercial manager. I am also proud that within a months team, our team has established a fully operational base in Cork. A solid proof of the agility, flexibility, and adaptability that have always been present in NHVs DNA.

NHV anticipates a contract duration ranging from six to eight months.

The award of this contract demonstrates the importance of our strategy of operating a diverse and modern fleet in our offshore operations, commented NHV Group CEO Steffen Bay. We are looking forward to proving our new partners that NHV was the right choice for this unique project.

According to Kinsales website, the Stena Spey will be used to plug 10 subsea wells.

To contact the author, email mveazey@rigzone.com.

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Offshore Ireland Contract Goes to NHV - Rigzone News

Bloomberg

(Bloomberg) -- Tucked between the Gulf of Oman and a craggy mountain range, the dusty port Fujairah isnt an obvious base from which to try and revolutionize the Middle Easts oil markets.But on Monday, when Abu Dhabi begins selling futures contracts for its oil and then shipping the barrels from Fujairah, it will mark an aggressive shift by the emirate. It hopes to change the way nearly one-fifth of the worlds crude is priced.Persian Gulf states pump nearly 20 million barrels of oil a day and Abu Dhabi wants the futures for its flagship Murban grade to become the regions main benchmark.The Gulfs biggest producers -- including Saudi Arabia, Iraq and the United Arab Emirates, of which Abu Dhabi is the capital -- have traditionally priced their barrels based on benchmarks from other regions. Theyve mostly sold their crude directly to refiners or international companies with stakes in their fields. Crucially, theyve prevented those customers from re-selling the oil and benefiting from arbitrage opportunities that exist in energy markets.Now, Abu Dhabis removing those curbs with the aim of opening up its oil to financial as well as physical traders. Investors globally are clamoring for commodities because of their high yields relative to other assets and to protect themselves against any rise in inflation.Once sold on an exchange, Murban will be sent by pipeline to Fujairah, where Abu Dhabis desert fields physically connect with global markets.If successful -- and I think the chances are good -- Murban futures could be a pivotal moment for Middle East crude pricing, said Vandana Hari, founder of Singapore-based Vanda Insights, which provides oil analysis. If a sizable chunk of Middle Eastern crude trades freely in the spot market, that could push other regional producers to follow Abu Dhabis lead, she said.Storage CavernsTo help its cause, Abu Dhabi National Oil Co., the state energy firm, is spending around $900 million to build 40 million barrels of storage space in caverns beneath Fujairahs mountains. That, and tanks Adnoc already has at the port, will ensure theres plenty of Murban on hand to manage any future supply disruptions, Khaled Salmeen, the companys head of marketing and trading, told reporters this month.Adnoc can pump about 2 million barrels a day of Murban and has pledged to provide the exchange with half that amount over the next year -- in line with or greater than the supply of todays major oil benchmarks such as Brent and West Texas Intermediate.Liquiditys critical to the whole equation, said Chris Bake, a director at Vitol Group, the largest independent oil trader, which is backing the exchange.Creating a new benchmark will hardly be easy. Oil traders dislike change, especially when they believe markets already do a good job matching supply and demand. S&P Global Platts caused uproar this year after announcing it would overhaul Dated Brent, the worlds main crude price. It was forced to shelve the plan indefinitely.Murban will also face competition regionally. Platts publishes price assessments for Dubai oil and the Dubai Mercantile Exchange trades futures for Omani crude. Both act as benchmarks for Middle Eastern shipments to Asia.Enter GoldmanThe benefits from trading Murban, a crude first exported in 1963, are worth the effort, according to Sultan Al Jaber, Adnocs chief executive officer. Price transparency will allow our customers to better hedge and manage their market risks, he wrote Sunday in The National, a local newspaper.Abu Dhabi says the combination of high supply, easy access to oil-consuming markets from Fujairah and the absence of trading restrictions will attract plenty of buyers to its exchange. Philippe Khoury, a former HSBC Holdings Plc energy banker who Adnoc hired in 2018 to build its trading operations, said Murban may even compete with Brent and WTI.The futures platform will be run by Atlanta-based Intercontinental Exchange Inc. and called ICE Futures Abu Dhabi. Last week, ICE approved Goldman Sachs Group Inc., Citigroup Inc. and 22 other banks and brokers as exchange members.Wider AmbitionAdnocs plan underscores the UAEs wider ambition to monetize its hydrocarbon resources faster in case oil demand starts shrinking with the global shift to greener energy. The country aims to increase output capacity from about 4 million barrels a day now to 5 million by 2030, which would make it OPECs biggest producer after Saudi Arabia.The Murban exchange and the capacity boost could raise tension within the Organization of Petroleum Exporting Countries, according to Hari of Vanda Insights. The Gulf states dominate the cartel and tend to prize unity. They also began unprecedented production cuts last year to bolster prices as the coronavirus pandemic spread.Still, the UAE says Murban futures wont affect OPEC or its ability to stabilize oil prices.We definitely hope other regional producers adopt Murban as a benchmark for their own crude, Adnocs Khoury said this month at the Fujairah Bunkering & Fuel Oil Forum.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.2021 Bloomberg L.P.

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W&T Offshore Announces Issuance of Inaugural Environmental, Social and Governance Report - Yahoo Finance

Survey work began last week for the Atlantic Shores Offshore Wind LLC project off New Jersey, a 50/50 partnership between Shell New Energies US LLC and EDF Renewables North America.

The developers submitted a proposal in December to the New Jersey Board of Public Utilities to supply up to 2,300 megawatts of wind energy. Its the second solicitation by state officials, following rsteds winning bid for 1,100 MW from its planned Ocean Wind project. Atlantic Shores holds a 180,000 federal lease north of the rsted tract, off Long Beach Island and Atlantic City.

If Atlantic Shores wins its state bid and the necessary state and federal permits, the company says it could have a complete project as early as 2027. The survey work, coming on top of the Biden administrations determination to advance the wind industry, is fanning fresh debate in the Garden State.

Homeowners in beachfront resorts like Long Beach Island and Ocean City, who worry about the visual effect of turbines on the horizon, are connecting with fishermen who say the potential environmental effects need much more research.

The momentum is exciting for businesses, labor unions and their political allies who see opportunity to build New Jersey into a critical base for the offshore wind supply chain. With shipyards and Delaware River port facilities including some downriver, past the vertical clearance constraints of Philadelphia-area bridges the region has potential to accommodate the next generation of bigger turbine structures and their attendant installation vessels.

The 170-foot survey vessel Fugro Enterprise started work Friday, March 19 within the lease area and along potential export cable routes that would carry power to landfall sites near Atlantic City and Manasquan, N.J. Continuing survey work in support of the bid process will run 24/7 until August but may run longer depending on weather and operational conditions, according to a Notice of Mariners put out by Atlantic Shores.

The developers contract fleet includes the Tidewater Regulus 270 multiservice offshore support vessel, conducting geotechnical borings and seabed piezocone penetration tests (PCPTs) in the Atlantic Shores lease area for soil characterization starting April 15.

The Alpine Shearwater starts May 15, when the 110 vessel will conduct geotechnical vibrocores along potential export cable routes for soil characterization.

Northstar Marine, based in Cape May County, N.J., is mobilizing its Northstar Commander June 1, when the 240 vessel will conduct seabed PCPTs along potential export cable routes and in the lease area for soil characterization.

Northstar is making investments to offer more services to wind developers on the East Coast, and recently entered an alliance with Laredo Offshore Services, Belle Chase, La., to serve that market. The Laredo Brazos, the companys three-legged 230 liftboat, will get to work off New Jersey June 14, to perform geotechnical boreholes for the potential export cable route landfall areas.

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Atlantic Shores Offshore Wind begins New Jersey survey - WorkBoat

Australian marine services provider MMA Offshore has secured three new contracts in the offshore wind market in Taiwan.

These three contracts, with firm periods totalling 270 days, increase MMA Offshores contracted revenue by an aggregate total of approximately AUD 7 million (EUR 4.5 million). The contracts also provide for additional option periods totalling 118 days.

Three of MMAs vessels will mobilise to Taiwan to provide a range of offshore wind farm support services.

The multi-purpose support vessel MMA Pride will provide accommodation and walk-to-work services supporting turbine works at the Changhua wind farm.

The anchor handling tug supply vessel MMA Crystal will support a pre-installation noise mitigation survey for the Formosa 2 wind farm.

And the platform support vessel MMA Responder will support a bubble curtain noise mitigation scope for turbine installation works on the Changfang and Xidao wind farm project.

The MMA Pride and MMA Crystal are scheduled to commence operations in early April 2021 and the MMA Responder in late June 2021.

Last year, MMA Offshore entered the Taiwanese offshore wind market with the contract to support foundation installation at an undisclosed project.

We are extremely pleased to secure these contracts which further establish MMAs presence in servicing our offshore wind market clients in Taiwan. This is a key strategic focus area for the business as we diversify our service offering into supporting the growing offshore renewables market, MMAs Managing Director David Ross said.

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Australian Firm Clinches Offshore Wind Contracts in Taiwan - Offshore WIND

TetraSpar foundation assembly quayside in the port of Grenaa, Denmark.

(Courtesy TetraSpar Demonstrator ApS)

Offshore staff

MARSEILLE, France Bourbon Subsea Services will manage the transportation and installation of a 3.6-MW floating wind turbine prototype, under a partnership with TetraSpar Demonstrator.

The scope covers project management, engineering, installation, and offshore execution from the assembly port in Denmark through hookup and the inter-array cable installation this summer on the Metcenter test site in Norway.

This is Bourbon Subsea Services fifth floating wind project.

The TetraSpar foundation concept is a modular, building block arrangement: each foundation is assembled from tubular steel modules, most of which are said to be common to all configurations.

Manufacturing is performed in factories using industrialized methods, with assembly near the site, and towing, taking days or weeks, instead of months.

Stability is provided by a keel deployed 50 m (164 ft) below the floater. Bourbon Subsea Services will use a special method to connect the keel to the floater in port and, once offshore, to lower it safely into position.

03/23/2021

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Bourbon Subsea Services to install prototype floating wind turbine offshore Norway - Offshore Oil and Gas Magazine

In its 30th anniversary year, SalMar is strengthening its substantial endeavours in the field of offshore fish farming, and through this way contribute to solving important environmental and area challenges the aquaculture industry faces. To strengthen the team at SalMar Ocean, Group CFO & COO Trine Sther Romuld, in consultation with SalMars CEO and board of directors, has announced her decision to accept the role of CFO & Director of Strategy at SalMar Ocean, when a new Group CFO in SalMar is recruited to SalMar. The recruitment process for a new group CFO is already underway and the plan is for her to take up her new post on 1 September 2021.

SalMars focus on the open ocean marked the start of a new era in the seafood industry. Offshore fish farming opens vast new areas for sustainable food production and helps to secure worlds food supply in a long-term perspective. By strengthening the team in SalMar Ocean with the appointment of Trine Sther Romuld, we are further reinforcing this important strategic effort for SalMar, says the Groups CEO Gustav Witze.

I am looking forward to, together with the rest of the team in SalMar Ocean, to further develop what is the start of a new industrial adventure for the seafood and the supply industry, says Trine Sther Romuld, CFO & COO at SalMar.

SalMars focus on offshore fish farming is well known, and continues its tradition of developing and exploiting new technologies and new solutions. This endeavour is taking place under the SalMars wholly owned subsidiary SalMar Ocean, which is led by its CEO Olav Andreas Ervik.

Good biological results from Ocean Farm 1

Ocean Farm 1 full scale pilot with offshore design was put into operation in the autumn of 2017. The unit has been in an exposed area of the ocean off the coast of Frya in Central Norway. Two whole production cycles have been carried out and a combined total of 10,000 tonnes of superior quality salmon have already been delivered to the market.

We have been able to observe strong biological results, with strong growth, low mortality, low sea lice levels and a production costs on par with the best coastal locations, says SalMar Oceans CEO Olav-Andreas Ervik.

Experience from the construction and operation of Ocean Farm 1 has made it possible to develop even better and more cost-effective solutions as the company now prepares to build new units for use in exposed areas and in the open ocean.

Fish farming in the open ocean

The next technological leap for SalMars offshore development is Smart Fish Farm, which is planned to be established in the open ocean outside of Central Norway. SalMar has ambitions to build a series of these units for offshore production, based on the experience gained, provided that the authorities open up for locations and licenses in these areas.

In the open ocean, the Gulf Stream supplies a continuous flow of high-quality water at the right temperature. We have no need to add further energy or fresh water. And the Gulf Stream gets its power from the sun, wind and other deep ocean currents, Ervik explains.

He adds that with the technology and solutions that SalMar Ocean now makes available, the challenge posed by the Norwegian authorities to develop equipment suitable for solving important area and environmental challenges that the industry faces are taken seriously. Nothing is then more natural than using even more of the Norwegian coast and the areas on the Norwegian Continental shelf, in the salmon's natural habitat.

Potential for significant ripple effects to the Norwegian supply industry

SalMar has conducted studies that offshore aquaculture will have significant ripple effects in the form of value creation and jobs, on land as well.

We are ready to place major orders for sea cages and equipment when the necessary permits have been granted by the authorities, says Ervik.

Opportunities for international expansion

SalMars focus on offshore fish farming will form the basis for a new era in aquaculture with significant effects also for the supplier industry. By being at the forefront with solutions and experience, suppliers can secure a competitive edge in a new and potentially vast national and international market.

The technology and solutions currently being developed are not restricted to Norwegian waters. It is not only off the Norwegian coast that nature offers good conditions for the sustainable production of North Atlantic salmon

For more information, please contact:

CEO Gustav Witze, SalMarPhone: +47 911 47834 Email: gustav.witzoe@salmar.no

CFO & COO Trine Sther Romuld, SalMarPhone: + 47 991 63632 Email: trine.romuld@salmar.no

CEO Olav Andreas Ervik, SalMar OceanPhone: + 47918 68 100 Email: olav.andreas.ervik@salmar.no

About SalMar

SalMar is one of the worlds largest and most efficient producers of farmed salmon. The Group has farming operations in Central Norway, Northern Norway and Iceland, as well as substantial harvesting and secondary processing operations in Norway, at InnovaMar in Frya and Vikenco in Aukra. SalMar also owns 50 per cent of the shares in Scottish Sea Farms Ltd.

See http://www.salmar.no for more information about the company.

This information is subject to the disclosure requirements stipulated in section 5-12 of the Norwegian Securities Trading Act.

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SalMar strengthens its strategic focus on offshore aquaculture and appoints a new CFO & Director of Strategy at SalMar Ocean - GlobeNewswire

February 25, 2021

SBM Offshore is pleased to announce that it has signed a Letter of Intent (LOI) together with Petrleo Brasileiro S.A. (Petrobras) for a 26.25 years lease and operate contract for the FPSO Almirante Tamandar, to be deployed at the Bzios field in the Santos Basin approximately 180 kilometers offshore Rio de Janeiro in Brazil.

Under the contract, SBM Offshore is responsible for the engineering, procurement, construction, installation and operation of the FPSO. SBM Offshore will design and construct the FPSO Almirante Tamandar using its industry leading Fast4Ward program as it incorporates the Companys new build, Multi-Purpose Floater (MPF) hull combined with several standardized topsides modules. SBM Offshores fourth Fast4Ward MPF hull has been allocated to this project.

The FPSO will be the largest oil producing unit operating offshore Brazil and one of the largest in the world, with daily processing capacity of 225,000 barrels of oil and 12 million m3 of gas. Furthermore, the FPSO will have a water injection capacity of 250,000 barrels per day and a minimum storage capacity of 1.4 million barrels of crude oil. The FPSO will be spread moored in approximately 2,000 meters water depth. Delivery of the FPSO is expected in the second half of 2024.

Bruno Chabas, CEO of SBM Offshore, commented:

SBM Offshore is proud to announce that Petrobras has awarded the Company the LOI for the 6th FPSO development in the world class Bzios field in Brazil. This award for one of the largest production units in the world demonstrates the trust placed in our ability to reliably deliver large-scale FPSOs and the agreement again confirms the significant value we bring to our clients with our industry leading Fast4Ward program. SBM Offshore teams look forward to starting the execution phase in order to continue to deliver value to one of our key clients Petrobras.

Corporate Profile

The Companys main activities are the design, supply, installation, operation and the life extension of floating production solutions for the offshore energy industry over the full lifecycle. The Company is market leading in leased floating production systems, with multiple units currently in operation.

As of December 31, 2020, the Company employed approximately 4,570 people worldwide spread over offices in our key markets, operational shore bases and the offshore fleet of vessels.

SBM Offshore N.V. is a listed holding company headquartered in Amsterdam, the Netherlands. It holds direct and indirect interests in other companies.

Where references are made to SBM Offshore N.V. and /or its subsidiaries in general, or where no useful purpose is served by identifying the particular company or companies SBM Offshore or the Company are sometimes used for convenience.

For further information, please visit our website at http://www.sbmoffshore.com.

The Management BoardAmsterdam, the Netherlands, February 25, 2021

For further information, please contact:

Investor RelationsBert-Jaap DijkstraGroup Treasurer and IR

Media RelationsVincent KempkesGroup Communications Director

Disclaimer

This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation. Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements based on managements current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those in such statements. Such forward-looking statements are subject to various risks and uncertainties, which may cause actual results and performance of the Companys business to differ materially and adversely from the forward-looking statements. Certain such forward-looking statements can be identified by the use of forward-looking terminology such as believes, may, will, should, would be, expects or anticipates or similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by discussions of strategy, plans, or intentions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this release as anticipated, believed, or expected. SBM Offshore NV does not intend, and does not assume any obligation, to update any industry information or forward-looking statements set forth in this release to reflect subsequent events or circumstances. Nothing in this press release shall be deemed an offer to sell, or a solicitation of an offer to buy, any securities.

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SBM Offshore awarded Letter of Intent for FPSO Almirante Tamandar lease and operate contract by Petrobras - GlobeNewswire

Nearly 900,000 jobs by 2030, primarily in shoreside manufacturing roles Expanded offshore wind terminal at the Port of Rotterdam (Port of Rotterdam Authority)

By The Maritime Executive 02-23-2021 02:20:00

An offshore wind hiring boom is on the way, according to consultancy Rystad Energy.

In a new forecast released Tuesday, Rystad predicts that worldwide demand for offshore wind personnel is going to triple by 2030, reaching about 590,000 full time jobs by 2025 and 870,000 full time jobs by 2030. The current industry employment count stands at about 300,000.

The boom is based on expectations that the installed base of offshore wind capacity is going to expand dramatically over the coming 10 years. Rystad forecasts worldwide installations totaling 110 gigawatts by 2025 and 250 gigawatts by 2030 - an unprecedented expansion that will require thousands of skilled workers and mariners.

The prediction includes direct and indirect jobs, and is calculated as the number of person-years of full time employment (regardless of hours worked).

The overwhelming majority of positions will be in construction and development, with windfarm-building jobs accounting for about 88 percent of the total by 2025 and 80 percent by 2030. The majority of capex for an offshore wind farm occurs in the one to three-year period leading up to commissioning, and this is the most labor-intensive period of an installation's lifecycle. As the offshore wind construction boom is expected to continue until mid-century, according to forecasts by DNV and many others, the total global number of construction jobs will likely remain high for an extended period.

The overwhelming majority of these roles will be on shore. Manufacturing of turbines, cables, substations and tower foundations accounts for about 66 percent of the total, and installation accounts for just 10 percent.

In the northeastern United States - the birthplace of the North American offshore wind industry - the offshore wind projects that are currently committed to development are expected to create 2,600 job-years of "supplemental" work for local fishermen and mariners, according to a recent study by the UK-based Renewables Consulting Group.

Fisherman and other mariners already possess the skills that will be essential in building out the emerging US offshore wind industry, said Emily Kuhn, principal at RCG. With minimal training needed to close gaps and transfer knowledge, recruiting these fishermen and mariners to assist withprojects can benefit all sides. Not only will mariners have access to supplemental jobs and income, but the offshore wind industry will have increased access to a local, talented workforce.

Originally posted here:

Rystad Forecasts Massive Offshore Wind Hiring Boom - The Maritime Executive

Weather that's more typical of late summer to fall in the San Francisco Bay Area is coming Tuesday.

Temperatures are expected to soar to unseasonable highs, with some spots in the North Bay likely to break 80, and desiccating offshore winds are forecast to kick up.

This morning, offshore winds, also known as Diablo winds, were already blowing at 25 mph to 35 mph in the North Bay mountains and East Bay hills reaching 40 mph. They are forecast to increase through the day and peak Wednesday with gusts at the highest peaks reaching 40 mph to 50 mph.

In the East Bay, winds could howl down into the valley, with sustained winds of 10 mph to 20 mph and isolated gusts up to 30 mph.

The National Weather Service has a wind advisory in effect 10 a.m. to 10 p.m. Wednesday for the North Bay Mountains, East Bay hills and valleys and the Santa Cruz Mountains.

Gusty winds could knock down trees, lead to power outages and blow around unsecured outdoor objects, the weather service warned.

The highest temperatures of the week is expected to hit Tuesday with the Santa Rosa Airport projected to reach 79 degrees, Concord 76 and downtown San Francisco 71.

"Eighties are definitely possible," said Matt Mehle, a forecaster with the weather service. "The North Bay valleys will be anywhere from 15 to 20 degrees above normal. San Francisco will be up to 10 degrees above normal."

The warm temperatures and offshore winds are a more typical weather pattern in the fall when the wildfire danger is high. With recent rains, the fire danger will be less in this February event.

The weather conditions are the result of a storm known as an inside slider that was straddling Northern California, southern Oregon and northeast Nevada on Tuesday morning. The system is forecast to drop down into the Great Basin into Wednesday, kicking up offshore winds in Northern California. These easterly winds blow from inland valleys toward the coast, carrying warm air and pushing up temperatures.

"Earlier in the year, we had a tremendous offshore flow event," said Mehle, referring to the mid-January wind storm when gusts up to 90 mph belted the region. "Its not unheard of in winter but its more common in late summer to fall."

Temperatures are expected to drop 10 degrees from Tuesday to Wednesday and afternoon highs across the region tomorrow should range from the mid-60s to 70s.

Originally posted here:

Weird winter weather hits SF Bay Area with 80-degree temps, offshore winds - SF Gate

On February 16, the Federal Energy Regulatory Commission (FERC) issued an order accepting an executed State Agreement Approach Study Agreement (Study Agreement) between PJM Interconnection, L.L.C. (PJM) and the New Jersey Board of Public Utilities (NJ BPU), pursuant to which PJM will solicit project proposals to expand or upgrade its transmission system to provide for the deliverability of 7,500 MW of offshore wind into New Jersey by 2035. New Jersey is the first state in the PJM region to use the State Agreement Approach, a supplementary transmission planning and cost allocation mechanism in PJMs Operating Agreement designed to meet states public policy needs.

Because two other coastal states in the PJM region, Maryland and Virginia, have adopted offshore wind targets as well, the Study Agreement may be precedent-setting, as utility commissions in those states work towards implementing their respective targets.

Under the State Agreement Approach, one or more state governmental entities in the PJM region authorized by their respective states may voluntarily agree to be responsible for the allocation of all costs of a proposed transmission expansion or enhancement that addresses state public policy requirements. Because the State Agreement Approach is designed to be a flexible mechanism, there is no pro forma service agreement. In its filing of the Study Agreement, PJM explained that the agreement is being used as a first step toward identifying a transmission project tailored to New Jerseys public policy goals.

The Study Agreement requires PJM to use its existing tariff process to convene a competitive proposal window to solicit transmission solutions, and provides notice that PJM will study and plan for New Jerseys public policy goals in the 2020-2021 Regional Transmission Expansion Plan cycle. Among other studies, PJM may perform analyses similar to a system impact or facilities study to assess the deliverability of offshore wind capacity at specific interconnection points.

The Study Agreement also establishes key dates and milestones, including: (1) PJM will endeavor to post preliminary recommendations from project proposals for the NJ BPU to consider by October 15, 2021; (2) PJM will endeavor to provide final transmission project recommendations to the NJ BPU on or about February 15, 2022, but in no event later than September 1, 2022; and (3) no later than 70 days after receiving PJMs final recommendations, the NJ BPU will enter into a term sheet to be filed with FERC. The term sheet will identify the project(s) selected by the NJ BPU, if any, as well as the designated developer(s) and cost allocation methods for such project(s).

Although PJM will make recommendations to the NJ BPU regarding cost-effective transmission enhancements or expansions for inclusion in the Regional Transmission Expansion Plan pursuant to the Study Agreement,, the NJ BPU is not required to select a project proposal submitted as part of the competitive proposal process. The State Agreement Approach allows the NJ BPU to select different proposed transmission enhancements or expansions for inclusion in the Regional Transmission Expansion Plan. As such, in the February 16 order, FERC acknowledged that the selection of any project, developer or cost allocation method may be the subject of subsequent filings by PJM.

A copy of the February 16 order can be found here.

Originally posted here:

FERC Accepts Study Agreement to Assess New Jersey Offshore Wind Deliverability - Lexology