Ørsted will be the first to move into the New Jersey Wind Port (NJWP) having signed the sublease for 34 acres (13.7 ha). It will serve as the base for its Ocean Wind 1 offshore wind energy project.
The Danish wind energy developer will be NJWP’s inaugural tenant and the initial lease runs for two years. The agreement with Ørsted includes a mechanism for shared berth use, preserving NJWP’s ability to attract manufacturing tenants that require access to purpose-built wharves to ship out completed components.
Once complete, NJWP will be the first and largest facility of its kind in the USA. With a shortfall in fit-for-purpose port capacity in the USA, NJWP is expected to support offshore wind energy projects up and down the East Coast, including serving as a regional hub for turbine component manufacturing. With 220 acres (81 ha) available, the port will be able to accommodate multiple Tier 1 component manufacturers, including those that make blades, nacelles, towers, and cables.
Earlier this month, governor Phil Murphy signed legislation allowing Ørsted to access federal tax credits that will enable it to complete Ocean Wind 1, the first of two energy projects the developer plans in New Jersey.
