NJEDA, PSEG sign lease for New Jersey Wind Port

Lease signing. Image by NJEDA.

September 14 (Renewables Now) - The New Jersey Economic Development Authority (NJEDA) has signed a 78-year lease for the New Jersey Wind Port with the landowner, energy company Public Service Enterprise Group Inc (NYSE:PEG), or PSEG, the parties said today.

NJEDA is leading the development of the port, which will be adjacent to PSEG’s Hope Creek nuclear generation station and is expected to become a hub for offshore wind projects along the East Coast. It will be located on an artificial island on the eastern shores of the Delaware River in Salem County. The site was picked in June last year following a 22-month assessment process.

A groundbreaking ceremony for the project, which is the US’ first purpose-built offshore wind port, was held last week.

The wind port could create more than 1,500 manufacturing, assembly and operations jobs, as well as hundreds of construction jobs, NJEDA and PSEG noted.

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Browse all articles from Plamena Tisheva

Plamena has been a UK-focused reporter for many years. As part of the Renewables Now team she is taking a keen interest in policy moves.

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