ATLANTIC CITY – New Jersey Governor Phil Murphy today announced that the New Jersey Economic Development Authority (NJEDA) has signed a Letter of Intent (LOI) with Ørsted Offshore North America for New Jersey’s first offshore wind project, Ocean Wind 1. Ørsted, the world’s largest offshore wind developer, is partnering with PSEG on the Ocean Wind 1 project. The project’s 1,100 megawatts of power is enough to power 500,000 New Jersey homes.
Today’s announcement, which was made during the Governor’s keynote address at the Business Network for Offshore Wind’s International Partnering Forum (IPF) in Atlantic City, delivers on NJ Wind Port’s promise as a infrastructure that will be an economic engine in Salem County and throughout the state. When the Ocean Wind 1 project was initially approved by the New Jersey Board of Public Utilities (NJBPU) in June 2019, that approval was based on using an existing out-of-state port to stage the project. Following the state’s groundbreaking investment in the development of the first port purpose-built for offshore wind in the United States, the project seized the opportunity to utilize the New Jersey Wind Port, being the first to officially join the government’s effort to develop the country’s leading wind power. power supply chain. This announcement is expected to create over 200 pre-assembly, loading and rigging jobs in South Jersey, as well as hundreds of spin-off jobs.
The lease for the Ocean Wind 1 project was to begin in April 2024 for a maximum term of two years. Binding agreements are expected to be submitted to the NJEDA Board of Directors by June this year. This section of the New Jersey Windport is considered Phase 1 and is expected to be completed in early 2024. Subsequent phases will come online between 2024 and 2026. At full scale, the New Jersey Windport is expected to create up to 1,500 jobs and contribute more than $500 million annually to the New Jersey economy.
“The New Jersey Wind Port is a historic and catalytic investment. As a state, we have committed over $500 million to build the critical infrastructure needed to install offshore wind projects from our shores. This investment enables both clean energy projects and New Jersey’s long-term economic growth,” said New Jersey Governor Phil Murphy. “Today’s announcement with Ørsted is proof that our strategy to establish New Jersey as the national leader in offshore wind is working and brings us one step closer to achieving our goal of 100% clean energy by 2050.”
“As the nation’s leading offshore wind energy company, Ørsted is committed to turning ambition into action to create a world that runs entirely on green energy,” Ø said.North American President and CEO of rsted Offshore (CEO) David Hardy. “New Jersey is at the forefront of wind energy technology, and through our partnership, the Ocean Wind 1 project will create hundreds of jobs, clean energy and transformative infrastructure in the region.”
“We are thrilled to welcome Ocean Wind 1 to Salem County as New Jersey Wind Port’s first tenant. By partnering with Ørsted and PSEG, the New Jersey Wind Port will create hundreds of high-quality jobs and reinject millions of dollars of investment back into our communities,” said NJEDA Executive Director Tim Sullivan. “As we look to the future, investing in New Jersey’s green economy has never been more important, and today’s announcement demonstrates Governor Murphy’s innovative vision to make New Jersey a goal-oriented, green energy global leader.
Sullivan added that the NJEDA contracted with Rutgers University to conduct a disparities study to ensure meaningful inclusion of minority-owned businesses, women and veterans in the Wind Port project. NJEDA’s project delivery approach emphasizes supplier inclusion and diversity, with a target of 15% of total construction value to be contracted to minority-owned businesses, women and veterans and a target of 18% minorities and 6.9% female workers on site.
“As a global leader in the offshore wind industry, Ørsted recognizes Salem County’s advantages in assembling and manufacturing offshore wind turbines,” said Jane Cohen, Executive Director, Office of Climate Action and Green Economy. “Their decision to locate at the New Jersey Wind Port solidifies New Jersey’s position as a national offshore wind hub and is a tangible step toward realizing the promise of good jobs, a thriving local economy. and a healthier environment for the people of New Jersey.”
“New Jersey is well positioned to lead the clean energy transition and PSEG is committed to growing the state’s clean energy economy,” said Lathrop Craig, President of PSEG Renewable Generation. “As the state’s largest owner and operator of transmission assets, we excel at creating the infrastructure to deliver electricity where it is needed most while creating well-paying jobs in the diverse communities of our state. The Ocean Wind 1 project is an integral part of the state’s clean energy future and we are honored to be part of this process.
“The New Jersey Wind Port is a unique opportunity to establish New Jersey as the epicenter of the wind industry, providing thousands of jobs and billions of dollars of economic investment in our state,” said NJBPU President, Joseph L. Fiordaliso. “Today’s announcement with Ørsted demonstrates Governor Murphy’s vision for a clean energy future that benefits all New Jersey residents, and reinforces his commitment to achieving the goal of 7,500 megawatts of wind power. offshore by 2035.”
NJEDA has collaborated with Salem County stakeholders on initiatives to support access to the offshore wind industry for small businesses and local residents. Recently, the NJEDA Board of Trustees approved an agreement with Salem County Vocational Technical School for NJEDA to provide up to $200,000 to support the expansion of programs that will prepare students and workers for jobs manufacturing heavy steel offshore wind components. This effort is complementary to a similar agreement between the NJEDA Gloucester County Institute of Technology and is part of a broader workforce development strategy that includes the development of the Wind Institute, as well as scholarship programs and related university initiatives.