Fishermen's Energy, an Offshore Wind Development Company, submitted a plan to the state of New Jersey to install five wind turbines off the coast of Atlantic City. The 25 megawatt windfarm would have cost $188 million, with the hopes of becoming the first offshore wind farm in the United States.

However, in March 2014, the Board of Public Utilities determined that the price of electricity from the wind farm ($263 per MWh) was too high for people to pay, and therefore, the plan was rejected. Fishermen's energy attempted to appeal this decision, but in April 2014, regulators rejected the appeal.

At the AWEA Conference in May, however, the DOE announced that Fishermen's energy had been chosen as the winner of a grant of $46.7 million to support offshore wind energy, bringing new life to the project. Fishermen's is still trying to get an appeal to from the Utilities, and we will update you as soon as we've heard a decision

Source: http://www.nawindpower.com/e107_plugins/content/content.php?content.13278