New Jersey Law Green Lights Offshore Wind Projects
The state wants to create at least 1,100 megawatts of energy through offshore wind, and deliver up to 3,000 megawatts by 2020.
"Offshore wind is a key part of the future, and we need to make sure New Jersey is well-positioned to benefit from this emerging technology and the economic growth it will bring," said Assemblyman Upendra Chivukula.
Companies are already anticipating job creation and investment due to the new law.
"This legislation sets a clear path for offshore wind projects like the one proposed by Garden State Offshore Energy, but only if projects can demonstrate positive benefits to the state and its citizens," said Rob Gibbs, vice president of a partnership between offshore wind firm Deepwater Wind and the utility PSEG Global.
Garden State is proposing a 350-megawatt wind farm approximately 16 miles from the state's southern coast.
Overlook Produce and Farm Adventures Plans Rockingham County, Virginia, Produce Packing Hub
What’s Driving Record Industrial Real Estate Demand
2020 Top States for Doing Business Showcase Their Pro-Business Environments
2020 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
Pandemic Fuels Data Center Growth
Trends in Office and Industrial Parks
35th Annual Survey of Corporate Executives Commentary: Change in Site Selection Priorities and Plans Over the Short and Long Term