N.J. Offshore Wind Project Reveals True Cost to Taxpayer

A proposed offshore wind development is generating a lot of discussion in New Jersey. Developers and environmentalists hope to cash in on hundreds of millions in government subsidies while businesses and ratepayers fear offshore wind will result in electricity rate hikes. So far, the 25 megawatt (MW) Fishermen’s Atlantic City Windfarm (FACW) project, three miles off the New Jersey coast, has been denied approval by the New Jersey Board of Public Utilities (BPU) for being too expensive and risky for residents, though FACW continues to work towards an acceptable resolution. A closer look at the proposal shows just how unsustainable wind projects are without the crutch of public subsidies and government mandates.