The New Jersey Economic Development Authority’s Board (NJEDA) has approved the purchase of a 109.4-acre property in Lower Alloways Creek, Salem County, which will enable the planned expansion of the NJ Wind Port. Phase 1 of the Wind Port broke ground in September 2021 with marshalling activities due to commence in early 2024. The purchase of the 109.4-acre property from …
The New Jersey Economic Development Authority announced May 20 it will soon launch the next phase of its tenant selection process for the New Jersey Wind Port. Located on the Delaware River in Lower Alloways Creek, the project is at the center of the state’s push to build an offshore wind industry from the ground up. The announcement follows a …
Most of the huge plants are gone — but that doesn’t mean manufacturing in New Jersey is down and out. In fact, Gross Domestic Product figures from the past four years show the state is doing far better than most. New Jersey’s manufacturing output grew at a 5.8% annualized pace between the fourth quarter of 2017 and the fourth quarter …
ATLANTIC CITY – New Jersey Governor Phil Murphy announced today that the New Jersey Economic Development Authority (NJEDA) signed a Letter of Intent (LOI) with Ørsted Offshore North America for New Jersey’s first offshore wind project, Ocean Wind 1. Ørsted, the world’s largest developer of offshore wind, is partnering with PSEG on the Ocean Wind 1 project. The project’s 1,100 …
New Jersey’s wind port, a major economic bet on the East Coast’s budding offshore wind industry, is in its early stages of construction but has already signed contracts with some local businesses including those owned by minorities and women, state officials said. The Economic Development Authority, an agency overseeing the state-financed project, said about 50 people were employed at the …
Not one turbine has been installed off the coast of New Jersey. In fact, not one turbine has been built. And it’s not expected the state’s fledgling offshore wind industry will really take flight until at least the end of 2024 when the first blades start churning out utility-scale megawatts of renewable energy. Yet, a group of industry insiders say …
The New Jersey Economic Development Authority (NJEDA) announced plans to provide a total of more than $1 million to Rutgers University, Rowan University, Montclair State University, and New Jersey Institute of Technology (NJIT) to advance academic research and investment in offshore wind workforce training. Specifically, the NJEDA Board authorized staff to enter into memoranda of understanding with the universities to develop both …
In New Jersey and elsewhere, the offshore wind sector is blowing up. There are 15 active leases for offshore wind development across the country, representing almost 30 gigawatts of capacity and about 83,000 jobs in the next decade, according to the American Wind Energy Association. And all that capacity will be mostly built out by a labor pool taking its …
Lower Alloways Creek, NJ – Governor Phil Murphy today joined U.S. Secretary of Labor Marty Walsh, Senate President Stephen Sweeney, President of the New Jersey State Building & Construction Trades Council Bill Mullen, AECOM Tishman Community Relations Director Flora Ramos, elected officials, union leaders, environmental advocates, private sector partners, and representatives of the offshore wind industry for the groundbreaking of the New …
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