We envision a more sustainable tomorrow for our residents and for the people of the world. New Jersey is tackling climate change head-on and is one of only a handful states in the U.S. that has adopted the goal to be powered entirely by renewables. Our aggressive renewable portfolio standard (RPS) mandates 50% clean energy by 2030 and 100% clean energy by 2050.
Because of our geographic and geological position, New Jersey is uniquely located to serve as a capital for the offshore industry on America. In June 2019, New Jersey announced the development of a 1,100 MW wind farm off the coast of Atlantic City – the largest ever offshore wind procurement by a U.S. state.
New Jersey was an early adopter of solar power and the industry continues to project strong growth. Our proactive efforts rank us among the top 10 states in America for installed solar capacity and solar jobs.
We’re mobilizing investment, encouraging public and private collaboration and leveraging our world-class infrastructure and highly skilled workforce to help us realize this carbon-free commitment.
Join us in building a clean energy future.
(2,640+ MW power, 400,000+ homes)
3,500 MW by 2030
For clean tech venture capital and private equity
We are pairing our ambition with action. As directed by Executive Order No. 8, the State launched an Interagency Taskforce, led by New Jersey’s Board of Public Utilities (BPU) and the Governor Phil Murphy’s office. They have already taken steps to accelerate industry development, including the formation of the Offshore Wind Strategic Plan. Offshore Wind Renewable Energy Certificate (OREC) funding mechanism rules have already been approved by the BPU. Our road map to meet the first 1,100 MW solicitation and subsequent solicitations includes analysis of ports and other critical infrastructure as well as supply chain and workforce development initiatives.
To further position New Jersey as the home of American offshore wind, we are establishing the Wind Innovation and New Development (WIND) Institute with corporate, academic, labor and state government partners for enhanced collaboration and connection to resources, including workforce training, R&D and capital investment.
New Jersey is located in the center of the Northeastern United States offshore wind belt with great regional and international connectivity. We have access to the largest and most competitive offshore wind lease areas in the U.S. These large lease areas and additional areas under construction by the Bureau of Ocean Energy Management (BOEM) have the characteristics necessary to lower costs and accelerate development.
If you are an offshore wind developer or supply chain manufacturer with specific requirements for transportation, assembly, and maintenance of materials, our port facilities and warehouses are well-positioned to meet this demand. The Port of Paulsboro was developed specifically to support offshore wind. New Jersey is also home to the Port of New York and New Jersey, the 2nd busiest seaport in North America and the largest maritime cargo center on the East Coast.
New Jersey offers you the best access to the East Coast via air, rail or road. Northern New Jersey is less than 20 minutes away from Manhattan and Washington D.C. is 3 hours away by train. New Jersey is located in the middle of the Boston – New York City – Washington D.C. corridor, one of the world’s most concentrated and affluent markets. Newark Liberty International Airport services more than 130 international cities non-stop.
New Jersey has the educated workforce needed to quickly respond to the emerging needs of the wind energy supply chain and is home to some of the leading maritime and coastal research institutes in the region, including Monmouth University’s Urban Coast Institute and Rutgers University’s Center for Ocean Observing Leadership (RU-COOL) .
Today, there are more than 500 direct jobs and 1,000 indirect jobs in our State linked to the wind industry. New Jersey ranks 8th highest in the country for solar industry employment with over 7,000 jobs.
New Jersey has some of the best solar incentives in the country. We have installed enough solar energy to power over a quarter of a million homes. Solar power installer is the fastest growing job title in New Jersey (Bureau of Labor Statistics, 2017-2019 Projections). New Jersey is ranked among the top five states for largest concentration of solar companies (nearly 600 are located here, surpassing neighboring Pennsylvania and Massachusetts.) With another 2,000 MW expected to be installed in our State over the next five years, our growth projection ranks us 11th worldwide.
|1||Green Power Energy|
|2||Apex Solar Power|
|3||Impact Solar LLC|
|4||Green House Solar|
We are on track to meet our offshore wind target of 3,500 MW by 2030. In 2018, the Board of Public Utilities (BPU) opened an 1,100 MW application window for offshore wind projects. Ørsted, a Danish offshore wind firm, was selected to develop the wind project off the coast of Atlantic City with support from PSEG. The BPU has been directed to issue two additional 1,200 MW solicitations in 2020 and 2022, representing multi-billion-dollar investments and hundreds of clean energy jobs.
Our State is the gateway to PJM – the largest competitive power market in the U.S. New Jersey’s wind potential includes 340,000 acres of land, close proximity to shore (10-21 nautical miles), shallow water depths (under 30m) and strong wind speeds (avg. annual wind speed of 8.5 m/s, significantly higher during peak).
We provide customized RFI responses, demographics, detailed market assessments and other complimentary business relocation and expansion services. When your company chooses to grow in New Jersey, we also will help you publicize your good news.
We’ll make your property search seamless, so you find the site that best meets your relocation or expansion needs.
Our public and private partners provide a wide range of services. From higher education research collaboration to regulatory and legal assistance to workforce training, they’ll ensure you have a smooth landing.