Governor Phil Murphy announced the signing of a Letter of Intent (LOI) between the New Jersey Economic Development Authority (NJEDA) and Atlantic Shores Offshore Wind, LLC (“Atlantic Shores”), through which the company will lease 35 acres of land at the New Jersey Wind Port, in Lower Alloways Creek, Salem County. Atlantic Shores will initially use the New Jersey Wind Port for marshaling of the 1.5 gigawatt (GW) offshore wind project off the New Jersey coast being developed by Atlantic Shores Offshore Wind Project 1, LLC, which will produce enough clean energy to power over 700,000 homes. The company expects the project to create more than 200 new jobs at the Port.
Today’s announcement, which was made during the Governor’s keynote speech at the Chamber of Commerce of Southern New Jersey’s luncheon in Mt. Laurel, adds to the ongoing momentum underway at the New Jersey Wind Port. Atlantic Shores’ lease is expected to start in mid-2026 for a period of up to three years and options to extend, creating long-term value for the State and the facilitation of future offshore wind projects.
“Atlantic Shores’ commitment in Salem County affirms the critical importance of the Wind Port to the nation’s offshore wind industry and toward a more robust, sustainable New Jersey economy,” said Governor Murphy. “New Jersey’s leadership in offshore wind is on the rise, bringing with it significant catalytic investment, family-sustaining career opportunities, and the promise of a healthier environment for future generations.” Read more from TapInto.Net.