Orsted to take full ownership of first NJ offshore wind farm

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Orsted to take full ownership of first NJ offshore wind farm
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Danish wind energy developer Orsted will become the sole owner of the first offshore wind farm planned for New Jersey.

Labour Party leader Sir Kier Starmer meets wind turbine technician apprentices at Orsted, an operations and maintenance facility in Grimsby for east coast off shore wind farms in the UK. Picture date: Thursday November 10, 2022. off the coast of southern New Jersey, is expected to generate enough electricity to power about a half-million homes.

"PSEG has been a valuable partner as we have advanced Ocean Wind 1 to this point and as we’ve successfully advanced our offshore wind vision in the United States," said David Hardy, an executive vice president with Orsted. "With a well-established presence in the U.S., we’re confident in our ability to drive the project forward with commercial operations beginning as planned."

The initial delivery of power from Ocean Wind 1 is scheduled for the end of 2024, and full commissioning is expected in 2025. Orsted also has been approved to build Ocean Wind 2, an adjacent project that will add enough electricity to power an additional half-million homes, the company said.

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