NJBPU gives go ahead for Ocean Wind project off Atlantic City
The New Jersey Board of Public Utilities (NJBPU) selected Ocean Wind, an offshore wind energy project proposed by Orsted, to develop an 1,100 MW offshore wind farm.
The Ocean Wind project will be located 15 miles off the coast of Atlantic City. Construction is expected to begin in 2020 with completion anticipated by 2024.
Orsted has partnered with Public Service Enterprise Group’s (PSEG) to provide energy management services. PSEG, which serves 2.2 million electric customers in New Jersey, has an option to become an equity investor in the Ocean Wind project.
“Today’s announcement firmly establishes a fast-growing global industry in New Jersey, which will create jobs and supply chain in the state,” Thomas Brostrøm, CEO of Orsted U.S. Offshore Wind and President of Orsted North America, said. “Ocean Wind will ensure that the state and its residents not only benefit from clean, renewable power but that they reap the rewards of being an early player in the offshore wind industry as it grows in the U.S.”
Ocean Wind is expected to create over 3000 direct jobs annually through the development and three-year construction cycle.
“We are pleased that Ocean Wind has been selected by the New Jersey Board of Public Utilities to provide offshore wind power to the residents of New Jersey,” Ralph LaRossa, president and chief operating officer of PSEG Power, said. “We have pledged our commitment and support of Gov. Phil Murphy’s clean energy agenda and we know that offshore wind will play an important role in providing environmental and economic benefits to New Jersey.”
