Updated June 24, 2019
State regulators approved a plan to build the nation’s largest wind farm 15 miles off the coast of Atlantic City. The project will cost an estimated $1.6 billion and will produce enough electricity to power half a million homes.
The New Jersey Board of Public Utilities selected a proposal called Ocean Wind from the Danish company Ørsted. The utility company PSEG Power will support the project. Construction is slated to begin in 2020 and be operational by 2024.
The project is key to Governor Phil Murphy’s goal of providing energy from renewable sources for 1.5 million New Jersey residents by 2030.
“Today’s announcement firmly establishes a fast-growing global industry in New Jersey, which will create jobs and supply chain in the state,” said Thomas Brostrøm, CEO of Ørsted U.S. Offshore Wind and President of Ørsted North America in a press statement. “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.”
The project will add $1.46 a month to an average residential customer’s bill, according to the Asbury Park Press.
For background on the plan and the approval process, see a previous article published in May 2019.