The Sweeney Center for Public Policy at Rowan University is out with a new study that examines the state of offshore wind here in the Garden State, its future and how competitive New Jersey’s sector is versus other states.
The study, “Benchmarking New Jersey on Offshore Wind,” comes as the nascent industry ramps up here and in several neighboring states, and against the backdrop of a heated debate from critics and opponents amid a rash of marine mammal deaths, which has led to protests, hearings, and a call to pause until more is learned.
NJBIZ reported on these latest developments last month, which included a major offshore wind conference at the Sweeney Center, “Offshore Wind Technology in New Jersey: Sustainability, Emerging Markets and Policy,” that brought together leaders and stakeholders from across business, government and academia.
Former Senate President Steve Sweeney, whom the policy center is named for and who chairs its advisory board, said that the new report takes a hard look at where New Jersey stacks up on offshore wind.
“We have moved aggressively as a state over the past five years to put ourselves in position to be the national leaders in both offshore wind development and job creation,” said Sweeney. “Competition between states and companies is increasingly intense. With New York allowing Ørsted to use federal offshore wind tax credits, we need to do the same to make sure that the EEW AOS [a partnership of Danish offshore wind developer Ørsted and leading German manufacturer EEW] monopile manufacturing facility in Paulsboro is able to expand, increase union jobs and supply our offshore wind farms with American-made components.”
Mark Magyar, Sweeney Center director and author of the report, said his study puts New Jersey’s offshore wind development efforts in national context.
“While Massachusetts’ Vineyard Wind 1 is under construction and will be the first commercial-scale offshore wind farm in the nation, New Jersey has been the leader in supply chain, manufacturing and port infrastructure investment,” said Magyar. “The EDA’s [New Jersey Economic Development Authority] $637.7 million New Jersey Wind Port is the nation’s largest port facility investment. Gov. [Phil] Murphy set the most ambitious offshore wind target in the nation and his administration has been particularly aggressive in requiring companies to invest in New Jersey projects as a condition of power purchase agreements.
“What is at risk is the future of the EEW AOS monopile plan, which was the first private sector investment in creating a U.S.-based manufacturing industry to supply the offshore wind industry,” Magyar continued.
The full report is available here. Some notable excerpts include:
On EEW AOS: