New Jersey Selects Garden State Offshore Energy (PEG) To Build $1 Billion Wind Farm

New Jersey announced that Garden State Offshore Energy, a joint venture between PSE&G Renewable Generation and Deepwater Wind, to build a $1 billion wind farm off the coast of New Jersey. Located about 16 miles southeast of Atlantic City, the plant would produce 345 MW of clean wind power once completed, enough to power 125,000 New Jersey homes.

The wind farm is part of a push by New Jersey to increase the amount of renewable energy it uses. According to the Associated Press,

Gov. Jon Corzine wants the Garden State to triple the amount of wind power it plans to use by 2020 to 3,000 megawatts. That would be 13 percent of New Jersey’s total energy, enough to power between 800,000 to just under 1 million homes.

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