ANBARIC SELECTS TOP ENERGY INDUSTRY ADVISOR TO ASSIST WITH 2021 BPU-PJM BID

Anbaric Development Partners, a leading developer of electric transmission projects, announced today that the company will work with DNV GL, a top advisor in the energy industry, to prepare the company’s 2021 bid for offshore wind transmission in New Jersey. The strategic partnership comes ahead of the New Jersey Board of Public Utilities’ (BPU) and PJM Interconnection’s (PJM) anticipated solicitation for offshore wind transmission solutions from qualified developers as per the BPU’s announcement in November 2020.

DNV GL is an independent expert in assurance and risk management with operations in more than 100 countries.

In November 2020, the BPU announced that New Jersey would become the first state to fully align its offshore wind transmission goals with its regional grid operator’s planning process. The agreement between the BPU and PJM – known as a State Agreement Approach – is the first of its kind, further setting New Jersey apart as a leader in offshore wind development. An upcoming solicitation schedule will be released in the coming weeks.

“Anbaric is thrilled to be working with DNV GL for this first-in-the-nation opportunity. DNV GL is a respected industry leader whose team of experts will assist Anbaric in submitting a winning bid to help build out the most cost-effective, environmentally sound, and efficient transmission solution for the state’s bold vision of 7500 MW of offshore wind by 2035,” said Janice Fuller, President, Mid-Atlantic, of Anbaric.

About DNV GL

DNV GL is the independent expert in risk management and quality assurance, operating in more than 100 countries. Through its broad experience and deep expertise DNV GL advances safety and sustainable performance, sets industry benchmarks, and inspires and invents solutions. Whether assessing a new ship design, optimizing the performance of a wind farm, analyzing sensor data from a gas pipeline or certifying a food company’s supply chain, DNV GL enables its customers and their stakeholders to make critical decisions with confidence.

About Anbaric:

Anbaric is a majority employee-owned, U.S.-based company focused on designing and developing transmission projects on the bulk power grid and scaling renewable energy. For more information on our work in New Jersey, visit nj.anbaric.com; for more information about the company in general, visit anbaric.com.

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