Orsted · OMXCOP:ORSTED
Orsted — Ørsted — Investor Presentation (March 2022)
18 slides from Orsted's investor presentation, Mar 7, 2022
Slide 1: Ocean Wind 1 Offshore Wind Project: Green Acres Scoping Hearing
Ocean Wind 1 Offshore Wind Project Green Acres Scoping Hearing March 7, 2022
Slide 2: Introductions & Logistics
Introductions & Logistics Alan Belniak, Moderator, VHB Consulting Pilar Patterson, Head of Mid-Atlantic Permitting, Ørsted Katharine Perry, Ocean Wind 1 Permit Manager, Ørsted Tom Suthard, New Jersey Stakeholder Relations Manager, Ørsted David Hinchey Jr., Senior Manager Major Permitting, PSEG Renew
Slide 3: Public Comments: Scoping Hearing
Public Comments: Scoping Hearing Comments will be limited to 3 minutes to provide all those who wish to provide a comment, the opportunity to do so. How to provide a public comment during this scoping hearing – Online: • If you are participating via computer and you wish to speak or submit a comment
Slide 4: Purpose of Scoping Hearing
Purpose of Scoping Hearing 1. Describe proposed diversion of parkland 2. Explain the compelling public need the project will fulfill. 3. Discuss efforts to identify alternatives to the proposed diversion, reasons for not pursuing alternatives, and accompanying compensation. 4. Accept public comments
Slide 5: Overview for the Project Requiring a Diversion
1. Ocean Wind 1 / Overview for the Project Requiring a Diversion – The wind farm area is located 15 - 27 miles off the coast of Southern New Jersey – Will generate 1,100 MW – Enough power for 500,000 homes – Up to 98 turbines to be installed within BOEM Lease Area OCS-A 0498 – Commercial operations
Slide 6: Additional Information on the Ocean Wind 1 Project
1. Additional Information on the Ocean Wind 1 Project What is Horizontal Directional Drilling (HDD)? • A trenchless crossing method used to minimize surface impacts • The HDD process involves drilling a small diameter bore hole along the designed drill path and subsequently enlarging the bore hole t
Slide 7: Onshore Construction in Ocean City
1. Additional Information on the Ocean Wind 1 Project Onshore Construction in Ocean City – Primarily in public road rights-of-way – Timing – No construction impacts on Green Acres beach parcels or Roosevelt Blvd parcels Post Construction Conditions in Ocean City – All areas will be restored to pre-e
Slide 8: Purpose of Green Acres Diversion
1. Purpose of Green Acres Diversion – Feb. 3, 2022, Ocean Wind 1 petitioned the New Jersey Board of Public Utilities (BPU) pursuant to N.J.S.A. 48:3-87.1(f)(2) to acquire the permanent rights of way and easements needed to install an underground cable in connection with the Ocean Wind 1 Offshore Win
Slide 9: Overview of Proposed Diversion Areas
1. Overview of Proposed Diversion Areas Total area to be diverted is 0.838 acres across four separate parcels: Block 611.11, Lots 137 and 145 = 0.39 acres Block 3500, Lot 1 (including Riparian Grant) = 0.38 acres Block 3350.01, Lot 17 = 0.068 acres 9
Slide 10: Diversion Parcels: Beach at 35th Street
1. Diversion Parcels: Beach at 35th Street – Ocean Wind 1 proposes to install underground transmission cable under the beach at 35th Street using the HDD Method. • Cables will be buried approximately 50 feet below the beach • No aboveground impacts • No change in public access or use of property – T
Slide 11: Diversion Parcel: Roosevelt Boulevard
1. Diversion Parcel: Roosevelt Boulevard – Ocean Wind 1 proposes to install underground transmission cable under a parcel north of Roosevelt Blvd. via the HDD Method • No aboveground impacts • No change in public access or use of property – The parcel is Block 3350.01, Lot 17 (0.068 acres) – Ocean W
Slide 12: Compelling Public Need: Ocean Wind 1
2. Compelling Public Need: Ocean Wind 1 – On June 21, 2019, the BPU selected Ocean Wind 1 to deliver a minimum of 1,100 megawatts (MW) of offshore wind resources (NJBPU Docket No. QO18121289) to fulfill the requirements of the State’s Offshore Wind Economic Development Act. – The project will also c
Slide 13: Alternatives Analysis
3. Alternatives Analysis – Ocean Wind 1 identified and evaluated alternatives to the proposed diversion including the following: – No-Action Alternative • Ocean Wind 1 would not construct the Project – Construction Alternatives to HDD • Open cut construction – Landfall and Route Alternatives • Descr
Slide 14: Landfall (Beach) Alternatives Analysis
3. Landfall (Beach) Alternatives Analysis – 34th Street Alternative • Cannot use HDD method due to existing 34th Street public restroom – 5th Street and 13th Street Alternatives • Longer than proposed route, leading to increased impacts, such as environmental and traffic • Would not avoid the need f
Slide 15: Roosevelt Boulevard Alternatives Analysis
3. Roosevelt Boulevard Alternatives Analysis – South of Roosevelt Blvd. (Alternative 1) • Would be longer than proposed route • Would involve multiple crossings of Roosevelt Blvd. • Would be immediately adjacent to residential development, greater impacts to residents • Curving of HDD presents great
Slide 16: Compensation
3. Compensation – Under the law (N.J.S.A. 48:3-87.1(f)(2)), Ocean Wind 1 will be required to: 1. Provide funds for the acquisition of three times the area proposed for diversion for additional land for recreation and conservation purposes within Cape May County; and – Funds may be provided to the NJ
Slide 17: Public Comments: Written
4. Public Comments: Written – Written comments submitted by March 21, 2022 to Tom Suthard, Ørsted Ocean Wind 1, 600 Atlantic Ave., Suite 2, Atlantic City, New Jersey 08401 or Info@OceanWind.com. – A copy of any written comments must also be submitted to the Green Acres Program at BLSSpubliccomments@
Slide 18: Public Comments: Scoping Hearing
4. Public Comments: Scoping Hearing Comments will be limited to 3 minutes to provide all those who wish to provide a comment, the opportunity to do so. How to provide a public comment during this scoping hearing – Online: • If you are participating via computer and you wish to speak or submit a comm