{"id":3644,"date":"2024-03-13T10:23:28","date_gmt":"2024-03-13T07:23:28","guid":{"rendered":"https:\/\/www.ruzgarenerjisi.com.tr\/en\/?p=3644"},"modified":"2026-09-14T22:09:01","modified_gmt":"2026-09-14T19:09:01","slug":"totalenergies-awarded-a-20-year-contract-to-supply-1-3-gw-of-renewable-electricity-to-new-jersey","status":"publish","type":"post","link":"https:\/\/ruzgarenerjisi.com.tr\/en\/totalenergies-awarded-a-20-year-contract-to-supply-1-3-gw-of-renewable-electricity-to-new-jersey\/","title":{"rendered":"TotalEnergies Awarded a 20-year Contract to Supply 1.3 GW+ of Renewable Electricity to New Jersey"},"content":{"rendered":"
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TotalEnergies and its partner Corio Generation (Corio) announce that the State of New Jersey selected their Attentive Energy Two offshore wind project for a 20-year contract to supply 1.34 GW of renewable electricity to the state. The project will deliver renewable power to over 650,000 homes.<\/p>\n

Attentive Energy Two, a joint venture between TotalEnergies<\/a> (70%) and Corio (30%), received the award in the State\u2019s third competitive OREC (Offshore Renewable Energy Credits) solicitation, organized by the New Jersey Board of Public Utilities (NJBPU). The development of the project is expected to provide up to $105 million in community investments across the state, and the partners are aiming for commissioning in 2031.<\/p>\n

The profitability of the project is ensured by the guaranteed level of OREC revenue, with a first year set price of $131 per MWh after the start of commercial operations, inflated yearly by 3%, and the benefit of a 30% IRA tax credit. The contract awarded by the NJBPU also includes a one-time inflation adjustment mechanism to compensate for changes in construction costs environment until the final investment decision.<\/p>\n

\u201cWe are honored that the State of New Jersey chose Attentive Energy Two to deliver reliable green electricity to New Jersey residents while contributing to the local economy and offshore wind supply chain. This is another success for us in the US electricity business, following the provisional award in October 2023 of a 25-year supply contract by the State of New York to our Attentive Energy One project,\u201d said Vincent Stoquart, Senior Vice President Renewables at TotalEnergies. \u201cBoth Attentive Energy One and Two will support our operations in the attractive US power market, where we are developing a portfolio of more than 25 GW of flexible and renewable projects. They will also help us achieve our profitability target for this business segment of 12% ROACE by 2028, as well as our ambition of delivering more than 100 TWh of power generation by 2030.\u201d<\/p>\n<\/div>\n

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\u201cThe award of this long-term contract is a great achievement for Attentive Energy and great news for the people of New Jersey,\u201d said Jonathan Cole, CEO of Corio Generation. \u201cThe Attentive Energy Two project will deliver clean, green energy to hundreds of thousands of New Jersey residents and stimulate billions of dollars of regional investment.\u201d<\/p>\n

In February 2022, TotalEnergies<\/a> secured maritime lease OCS-A 0538 at the New York Bight auction. It then partnered with New York-based electricity producer Rise and global offshore wind<\/a> developer Corio to join forces in the development of the Attentive Energy offshore wind projects. In addition to the Attentive Energy Two project in New Jersey, the lease\u2019s 3 GW capacity will serve the Attentive Energy One project in New York, which was provisionally awarded a 25-year contract to supply 1.4 GW of renewable electricity to New York in October 2023. These two projects aim to provide green electricity to more than a million homes across both states.<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

TotalEnergies and its partner Corio Generation (Corio) announce that the State of New Jersey selected their Attentive Energy Two offshore wind project for a 20-year contract\u2026<\/p>\n","protected":false},"author":5,"featured_media":19365,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wpai_generated_summary":"","footnotes":"","_ms_company":[]},"categories":[7295],"tags":[8032,5615],"class_list":["post-3644","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-genel","tag-offshore-renewable-energy","tag-totalenergies"],"_links":{"self":[{"href":"https:\/\/ruzgarenerjisi.com.tr\/en\/wp-json\/wp\/v2\/posts\/3644","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ruzgarenerjisi.com.tr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ruzgarenerjisi.com.tr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ruzgarenerjisi.com.tr\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/ruzgarenerjisi.com.tr\/en\/wp-json\/wp\/v2\/comments?post=3644"}],"version-history":[{"count":1,"href":"https:\/\/ruzgarenerjisi.com.tr\/en\/wp-json\/wp\/v2\/posts\/3644\/revisions"}],"predecessor-version":[{"id":18498,"href":"https:\/\/ruzgarenerjisi.com.tr\/en\/wp-json\/wp\/v2\/posts\/3644\/revisions\/18498"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ruzgarenerjisi.com.tr\/en\/wp-json\/wp\/v2\/media\/19365"}],"wp:attachment":[{"href":"https:\/\/ruzgarenerjisi.com.tr\/en\/wp-json\/wp\/v2\/media?parent=3644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ruzgarenerjisi.com.tr\/en\/wp-json\/wp\/v2\/categories?post=3644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ruzgarenerjisi.com.tr\/en\/wp-json\/wp\/v2\/tags?post=3644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}