Lease costs for offshore wind firms at NJ facility unknown
Associated PressATLANTIC CITY, N.J. — A second offshore wind firm agreed Wednesday to lease space in a state-built, taxpayer-financed staging facility for such projects, but how much either of them will pay remains unknown. Phil Murphy announced that Atlantic Shores Offshore Wind LLC signed a letter of intent with the New Jersey Economic Development Authority to lease 35 acres of land at the New Jersey Wind Port. It is designed to be an incubator for offshore wind projects, particularly in the fabrication and assembly stages, as New Jersey seeks to become the East Coast leader in offshore wind energy. Atlantic Shores CEO Joris Veldhoven said in a statement that “the location offers outstanding waterside access without barriers to transporting assembled turbines vertically and allows us to tap into New Jersey’s highly skilled talent pool.” Thus far, New Jersey’s Board of Public Utilities has approved three offshore wind energy projects: two by Orsted, and one by Atlantic Shores.