In July 2014, BOEM issued the NJ Proposed Sale Notice of nearly 344,000 acres designated for offshore wind (OSW) energy development. The BOEM lease auction is expected to take place during the current year. The OSW developer(s) who win the lease(s) will submit their development application to the NJ Board of Public Utilities (NJ BPU). These applications must include a wind resource assessment and economic analysis.