Ocean Wind
816 MW generation in Ocean, NJ · In queue since May 2018 · Proposed COD February 2026
816 MW
Capacity
1
Components
Offshore Wind
8y 2m
In Queue
IA Executed
IA Phase
COD target: 2026
Total Duration
7y 9m
Interconnection request submitted to ISO/RTO
PJM processes interconnection requests through multi-phase System Impact Studies (SIS).
Typical: ~48 months (historically longest)
Interconnection agreement executed — binding commitment to build
Typical: 30–60 days (negotiation)
Construction pending
Typical: 36–60 months
Proposed COD: 2026-02-28
Ocean Wind is a proposed 816 MW offshore wind generation project located in Ocean County, New Jersey. The development project, assigned queue ID PJM-AE1-020, is interconnected within the PJM Interconnection queue. The project entered the queue on May 23, 2018, and has a proposed commercial operation date of February 28, 2026. The interconnection agreement (IA) for the project has been executed.
The proposed project is connected to the Oyster Creek 230 kV point of interconnection and is associated with Jersey Central Power & Light (JCPL). Recent news coverage, consisting of 4 articles, has focused on regulatory aspects of the Ocean Wind project. The project's status is currently listed as suspended.
Generated from interconnection queue and public data sources
Realization risk from now to commercial operation — financing close, EPC and tax-equity counterparty mix, and COD probability vs the proposed date. The diligence view that determines whether the deal actually closes. Powered by InfraSure's development-stage modeling stack.
See the full development-risk decomposition for this project.
State
NJ
County
Ocean
Grid Region
PJM Interconnection
Market
ISO/RTO Member
Developer
—
Utility
JCPL
Entity
PJM
Service Type
NRIS
Point of Interconnection
Oyster Creek 230 kV
Data Source
LBNL + Live
Composite operating-phase risk view — what this asset's risk profile will look like once it commissions. Climate hazards across its operating life, expected generation variability, and offtake counterparty exposure, decomposed into a single decision-grade score. Powered by InfraRisk.
See the full risk decomposition + scenarios for this project.
Forward generation outlook — first-year production estimate and 10-year P50 trajectory, with probabilistic ranges (P10/P50/P90) across weather, demand, and policy scenarios. Powered by InfraSure's generation modeling stack.
See the full forecast + scenario decomposition for this project.
Forward revenue, DSCR projection, and financing-close risk — conditioned on commercial operation. First-year DSCR, 10-year cashflow, and counterparty exposure across price and policy scenarios. Powered by InfraSure's asset cashflow stack.
See the full revenue + DSCR projection for this project.
- ISO / RTO
- PJM
- Trading Hub
- WESTERN HUB
- Hub Confidence
- HIGH
- Nearest Node (Estimated)
- OYSTERCR14 KV FR 1
- POI Substation
- Oyster Creek Substation
This project's market context is estimated from its Point of Interconnection. Hub and node assignments are approximate and based on geographic inference from the POI substation name.
Last updated 2026-03-26
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