NEW JERSEY BOARD OF PUBLIC UTILITIES AWARDS HISTORIC 1,100 MW OFFSHORE WIND SOLICITATION TO ØRSTED’S OCEAN WIND PROJECT

Office of the Gov reports – The New Jersey Board of Public Utilities (NJBPU) unanimously granted the state’s first award for offshore wind to Ørsted’s Ocean Wind 1,100 MW project, giving the company the opportunity to build 1,100 MW of offshore wind in federal waters. The 1,100 MW of offshore wind is expected to power roughly 500,000 New Jersey homes and generate $1.17 billion in economic benefits, in addition to creating an estimated 15,000 jobs over the project life.

The decision sets the record for the single largest award for offshore wind in the country to date and marks further progress toward meeting the state’s goal of 3,500 MW of offshore wind by 2030, and Governor Phil Murphy’s vision of 100 percent clean energy for the state by 2050.

“Today’s historic announcement will revolutionize the offshore wind industry here in New Jersey and along the entire East Coast,” said Governor Murphy. “Building our offshore wind industry will create thousands of jobs, invite new investments into our state, and put us on a path to reaching our goal of 3,500 MW of offshore wind by 2030. This award is a monumental step in making New Jersey a global leader in offshore wind development and deployment.”