The New Jersey Board of Public Utilities (NJBPU) announced it has selected Ocean Wind, an offshore wind energy project proposed by Ørsted with support from PSEG, to develop an 1,100 MW offshore wind farm.

Ocean Wind will be located 15 miles off the coast of Atlantic City. Construction is expected to commence in the early 2020s, with the wind farm operational in 2024.

Ørsted will work with Public Service Enterprise Group’s (PSEG) non-utility affiliates, which will provide energy management services and potential lease of land for use in the project development and execution phase. PSEG, which serves 2.2 million electric customers in New Jersey and has a long development partnership with Ørsted, has an option to become an equity investor in the Ocean Wind project.

Tags:
New Jersey   Offshore wind   Contract awards  

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