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.”
The power industry and policymakers should consider implementing several recommendations now to meet expected supply shortfalls prior to the start…
Looking to cut down on the difficult nature of the work for humans and improve consistency of the outcome, the…
Toledo Edison this month began a massive streetlight conversion project through Sylvania, Ohio, installing the first of 1,650 LED replacements.…
Peter Sena III has been named the new chairman and CEO of Southern Nuclear, a subsidiary of the Southern Company.…
The U.S. Department of Energy’s (DOE) Argonne National Laboratory (ANL) is con structing a research and development (R&D) facility to…
A program that provides a 10 or 20-percentage point boost to the investment tax credit for qualified solar or wind…
This website uses cookies.