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)
Navigant Consulting, Inc; Sustainable Advantage, LLC.; Boreal Renewable Energy Development

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.

Publication Date: 
Monday, August 2, 2004
2 MB
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