Wind Energy – New Jersey
Governor Phil Murphy today signed a Letter of Intent (LOI) between the New Jersey Economic Development Authority and Atlantic Shores Offshore Wind.
Atlantic Shores will lease 35 acres of land at the New Jersey Wind Port, in Lower Alloways Creek, Salem County.
Atlantic Shores will initially use the New Jersey Wind Port for marshaling of the 1.5 gigawatt (GW) offshore wind project off the New Jersey coast being developed by Atlantic Shores Offshore Wind Project 1, LLC, which will produce enough clean energy to power over 700,000 homes.
The company expects the project to create more than 200 new jobs at the Port.
Atlantic Shores is the second wind developer to execute an LOI for use of the Port, following execution of an LOI with Ørsted in April 2022.
“As the second of two major companies to choose the New Jersey Wind Port for assembling and launching East Coast offshore wind projects, Atlantic Shores clearly recognizes the Port’s strategic and tactical advantages,” said NJEDA Chief Executive Officer (CEO) Tim Sullivan. “Governor Murphy, in partnership with the Legislature, has cultivated a supportive environment for companies that share this administration’s commitment to both clean energy and driving equitable and inclusive economic growth.”