Gov. Phil Murphy Announces New Jersey Agreement with Oersted to Marshal Ocean Wind Project

The partnership will create over 200 direct jobs and hundreds of indirect jobs at the New Jersey Windport.

Atlantic City – New Jersey Governor Phil Murphy announced today that the New Jersey Economic Development Authority (NJEDA) has signed a letter of intent (LOI) with Ørsted Offshore North America for Ocean Wind 1, New Jersey’s first offshore wind project. Announced. Offshore Wind has partnered with PSEG on the Ocean Wind 1 project. His 1,100 megawatts of power for this project is enough to power his 500,000 homes in New Jersey.

Today’s announcement was made during the Governor’s keynote address at the Business Network of the International Offshore Wind Partners Forum (IPF) in Atlantic City, highlighting the importance of Salem as a key infrastructure asset to serve as an economic engine for Salem. Fulfilling the promise of NJ Windport. county and statewide. When the Ocean Wind 1 project was first approved by the New Jersey Public Utilities Commission (NJBPU) in June 2019, this approval was based on the project utilizing an existing out-of-state port to marshal the project. was Following the state’s landmark investment in the development of the nation’s first dedicated offshore wind port, the project seizes the opportunity to utilize the New Jersey Wind Port and formally joins the state’s efforts to develop the country’s leading wind power. It was the first project I did. power chain. The announcement is expected to create over 200 pre-assembly, loading and unloading jobs and hundreds of indirect jobs in South Jersey.

Leases for the Ocean Wind 1 project are scheduled to commence in April 2024 for up to two years. The binding agreement is expected to be submitted to the NJEDA board by June of this year. This section of the New Jersey Windport is considered Phase 1 and is expected to be completed in early 2024. Subsequent phases from 2024 he will be operational between 2026. At full scale, the New Jersey Windport will create up to 1,500 jobs and contribute more than $500 million to New Jersey’s economy each year.

“The New Jersey Wind Farm is a historic and catalytic investment. As a state, we have committed more than $500 million to build the essential infrastructure needed to install offshore wind projects from our shores. This investment will enable both clean energy projects and long-term economic growth for New Jersey.” New Jersey Governor Phil Murphy said: “Today’s announcement with Ørsted is proof that our strategy to establish New Jersey as a national leader in offshore wind power is working and we are on track to reach our goal of 100% clean energy by 2050. one step closer to.”

“As the country’s leading offshore wind company, Ørsted is committed to turning ambition into action to create a world that runs entirely on green energy,” Ø said.Offshore North America CEO (CEO) David Hardy. “New Jersey is at the forefront of wind energy technology and through our partnership, the Ocean Wind 1 project will provide hundreds of jobs, clean energy and innovative infrastructure to the region.”

“We are delighted to welcome Ocean Wind 1 to Salem County as the first tenant of the New Jersey Wind Port. We are bringing millions of dollars of investment back into our community.” NJEDA CEO Tim Sullivan said: “As we look to the future, investing in New Jersey’s green economy has never been more important, and today’s announcement marks the end of Governor Murphy’s move to establish New Jersey as a purpose-driven global green energy leader. It’s a testament to a groundbreaking vision.”

Sullivan added that NJEDA contracted Rutgers University to conduct a disparity study to ensure meaningful inclusion of minority, women, and veteran businesses in the Wind Port project. NJEDA’s project delivery approach has a strong focus on inclusion and supplier diversity, with the goal of subcontracting 15% of the total value of construction to minority-, women- and veteran-owned businesses, and 18% to minorities. , with a target of 6.9% female workers. site.

“As a global leader in the offshore wind industry, Ørsted recognizes Salem County’s advantages in offshore wind marshalling and manufacturing.” Jane Cohen, Executive Director, Office of Climate Action and Green Economy, said:“Their decision to locate at the New Jersey Wind Farm cements New Jersey’s status as the nation’s hub for offshore wind power and promises good jobs, a thriving local economy and a healthier environment for its people.” It’s a tangible step towards fulfilling…New Jersey.”

“New Jersey is well positioned to lead the clean energy transition and PSEG is committed to developing the state’s clean energy economy.” Lathrop Craig, President of PSEG Renewable Power Plants, said: “As owners and operators of the state’s largest transmission assets, we are building the infrastructure to bring power where it is needed most, while creating high-paying jobs across our diverse communities. The Ocean Wind 1 project is an integral part of the state’s clean energy future and we are honored to be a part of this process.

“The New Jersey Windport is a once-in-a-generation opportunity to establish New Jersey as a center for the wind industry and bring thousands of jobs and billions of dollars of economic investment back to our state. NJBPU President Joseph L. Fiordaliso“Today’s announcement with Oersted is a testament to Governor Murphy’s vision for a clean energy future that benefits all New Jersey residents, achieving the goal of 7,500 megawatts of offshore wind by 2035. furthering his commitment to

NJEDA has worked with Salem County stakeholders to help small businesses and local residents access the offshore wind industry. Recently, the NJEDA Board approved an agreement with the Salem County Vocational Technical School, under which NJEDA will provide up to $200,000 to help expand the program to prepare students and workers for jobs in heavy steel offshore wind component manufacturing. did. This effort complements a similar agreement with the NJEDA Gloucester County Institute of Technology and is part of a larger workforce development strategy that includes Wind Institute developments, related fellowship programs and university initiatives. .

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