Anbaric advances right-of-way application for offshore wind transmission system

Wakefield, MA – June 19, 2019 – The US Department of Interior’s Bureau of Ocean Energy Management (BOEM) today published the official notice for comment on Anbaric’s proposed New York and New Jersey OceanGrids, advancing the projects along in the federal approval process.

Anbaric is the first to present to BOEM a planned transmission system for both New York and New Jersey, and to file and advance its application to use federal waters for underwater cables to connect New York and New Jersey offshore wind to shore while minimizing environmental and community disruptions.

“Anbaric welcomes this initiative from BOEM and we look forward to our right-of-way application moving through this review process, a critical step in allowing us to build the foundation for deploying renewable power at a meaningful scale,” said Edward Krapels, CEO of Anbaric. “We applaud BOEM for taking every step to ensure the long-term success of the offshore wind industry.”

The OceanGrids will connect the offshore wind energy sought by New York and New Jersey to on-shore grids via offshore collector platforms and cables buried underwater and underground. An OceanGrid is the critical infrastructure to build an offshore wind industry in the U.S. Through the strategic selection of onshore points of interconnection, careful planning to minimize the project footprint and impacts to commercial fisheries and marine species, and by building efficient offshore transmission at scale, the OceanGrid project will serve as a foundational infrastructure in support of this rapidly developing regional offshore wind industry.

“This right-of-way application for an open-access transmission system in federal waters will advance ambitious offshore wind goals while minimizing impacts on the ratepayers and the environment,” said Janice Fuller, president of Anbaric’s New Jersey OceanGrid.

“Our BOEM application underscores the need for planned, open-access transmission infrastructure to ensure the rapid growth of the offshore wind industry,” said Kevin Knobloch, president of Anbaric’s New York OceanGrid.

The application for a non-exclusive right-of-way proposes a phased installation of the OceanGrid in each state, scheduled to meet the needs of the evolving offshore wind industry. BOEM will review comments on Anbaric’s application and determine whether there is competitive interest in acquiring the requested grant areas. Anbaric has begun environmental, social, and commercial impact studies for the transmission system described in its application.

About Anbaric:

Anbaric creates and builds electric businesses of the future. Anbaric’s financial partner is the Ontario Teachers’ Pension Plan. With a focus on transmission and distributed energy, Anbaric creates new entities that transform old energy systems into more effective and resilient ones with an emphasis on clean energy. For more information visit www.anbaric.com.

Media Contact:

Abbey Collins

acollins@kivvit.com/518-429-5102