On Friday, the NJ Board of Public Utilities approved the states first offshore wind farm to PSEG and Orsted, a Danish energy company. The proposed 1,100-megawatt Ocean Wind project will be located 15 miles off the coast of Atlantic City. The megaproject is expected to bring 15,000 jobs, $1.17 billion in economic benefits and power approximately 500,000 homes.
“this will revolutionize the offshore wind industry along the East Coast. This is a big deal for New Jersey, it is a big deal in particular for South Jersey.” -Gov. Phil Murphy
While state and federal permits still need to be obtained, the project is expected to be operational by 2024. PSEG customers can expect a $1.46 average increase in their monthly electric bill to fund the project.
Jeff Tittel, the director of the NJ Sierra Club applauded that Wind Project “This is the first Utility-sized offshore wind facility in the nation and compare it to the Meadowlands Power Plant” (a controversial natural gas plant that has been proposed in Hudson County). “This will help reduce greenhouse gas emissions such as carbon dioxide by 3 million tons, which is around what the Meadowlands Power Plant would emit. We would rather have offshore wind, than a polluting natural gas power plant.”
This is all one step in the process of making New Jersey run on 100% renewable energy by 2050.