The presentation offers an assessment of market opportunities for renewable energy in New Jersey. Offshore wind power was cited as a relatively high risk option with the greatest potential for in-state renewable energy development. The presentation recommends predevelopment grants to help with the permitting process and financial options other than direct subsidies (e.g. debt guarantees, subordinate debt). Offshore wind' s theoretical potential is estimated to be 24,500 MW by 2020, and its technical potential is 2,500 MW by 2020.
New Jersey Renewable Energy Market Assessment
Rutgers University, Bloustein School of Planning and Public Policy; Rutgers University, Center for Energy, Economic and Environmental Policy (CEEEP)
Monday, August 2, 2004