Construction ofAtlantic Shores Project 1 is estimated to begin in 2024 and the project is expected to deliver its first power in 2027.
The New Jersey Board of Public Utilities (NJBPU) awarded Atlantic Shores an Offshore Renewable Energy Credit (OREC) allowance to deliver 1,510 megawatts (MW) of offshore renewable energy into the State of New Jersey in Project 1.
Atlantic Shores Project 1 will generate enough clean energy to power more than 700,000 homes and create tens of thousands of jobs throughout its lifecycle. The remaining project areas in our offshore wind portfolio will produce an estimated 3,500-4,000 MW which is enough clean energy capacity to power an additional 2 million homes.
Clean energy from Atlantic Shores Project 1 will reduce net greenhouse gas emissions by approximately 4 million tons every year, roughly the equivalent of taking 770,000+ cars off the road.
Atlantic Shores Project 1 will contribute nearly $1.9 billion in total economic impact to New Jersey, with a guaranteed $848 million in local direct investment. Collectively, Atlantic Shores Projects 1 & 2 are expected to directly create more than 22,290 full-time equivalent (FTE) jobs, indirectly create more than 11,810 FTEs, and induce another nearly 15,000 full-time jobs.
Project 1