N.J. Betting Big on Orsted as Offshore Wind Poised to Boom
- State received bids from three developers for 1,100 megawatts
- East Coast states gearing up to build $70 billion industry
Wind farm off the coast of Rhode Island.
Photographer: Eric Thayer/BloombergThis article is for subscribers only.
New Jersey awarded a contract to Denmark-based Orsted A/S to provide power from a wind farm it’s planning in the Atlantic Ocean as Northeast states push to jump-start an industry that’s languished in the U.S.
Orsted, the world’s biggest offshore wind developer, plans to build the project 15 miles (24 kilometers) off Atlantic City as part of a string of developments proposed from North Carolina to Massachusetts. Orsted’s 1.1-gigawatt bid, approved unanimously by New Jersey’s Board of Public Utilities, is enough to power about 500,000 homes.