EDF Renewable Energy has reached preliminary agreement with Fishermen’s Energy to acquire its fully permitted 24MW pilot project with an eye toward starting construction by year end in state-owned waters facing Atlantic City in New Jersey.

The two sides will hammer out details over the next several months to finalise the deal (there is no firm date), while advancing efforts to win state regulatory approval for the project – a critical hurdle that Fishermen’s failed to overcome for much of this decade.