PARTNERSHIPS ON PROJECT 1
Atlantic Shores has committed more than $50 million to community programs and strategic partnerships:
Atlantic Shores is comprised of purpose-driven professionals dedicated to delivering its 5+ gigawatt offshore wind portfolio, strategically positioned to meet the growing demands of multiple East Coast markets including New Jersey and New York.
Atlantic Shores has three lease areas totaling more than 400 square miles under active development. Two of the lease areas are located approximately 10-20 miles off the Jersey Shore between Atlantic City and Barnegat Light, with a third lease area located in an area of the Atlantic Ocean known as the Bight.
In 2021, the New Jersey Board of Public Utilities (NJBPU) awarded Atlantic Shores Project 1 an Offshore Renewable Energy Credit (OREC) to deliver 1,510 megawatts (MW) of offshore renewable energy into the State of New Jersey.
Project 1 benefits
$1.9 billion in total economic benefits
Atlantic Shores Project 1 alone will contribute more than $1.9 billion in total economic benefi ts to the Garden State, with $848 million in guaranteed local direct investment.
$160 million in hyperlocal investments across Atlantic City
Investments across Atlantic City include a brand-new Operations and Maintenance (O&M) facility with nearly 90 permanent on-site jobs guaranteed.
Nearly 50,000 New Jersey jobs
Projects 1 and 2 will create 22,290 direct full-time equivalency jobs (FTEs), more than 11,810 indirect FTEs, and over 14,820 induced FTEs, including thousands of highly-skilled, family-sustaining union jobs in construction and operation.
Enough clean energy to power more than 700,000 New Jersey homes
Making landfall at Atlantic City, Project 1 alone will generate enough clean energy to power nearly 20% of New Jersey households!
4 million ton reduction in greenhouse gas emissions
Atlantic Shores Project 1 will also reduce in-state net greenhouse gas emissions by approximately 4 million tons every year, the rough equivalent of taking more than 770,000 cars o the road.
Nearly $200 million in public health benefits
As a direct result of decarbonizing New Jersey’s electric grid, there will be a signi cant uplift to air quality in overburdened communities (OBCs).
New Jersey’s Research and Monitoring Initiative (RMI) to support the responsible management of marine and coastal resources
New Jersey Economic Development Authority (NJEDA) WIND Institute for Innovation and Training to prepare the next generation clean energy workforce
Rutgers University Center for Ocean Observing Leadership (RUCOOL) and the Tuckerton Marine Field Station to collect and share data
EcoComplex WindIgnite Offshore Wind Supply Chain Accelerator to champion MWBEs and underrepresented small businesses across the state to open the door to business opportunities in offshore wind
Rutgers Future Scholars Program to provide first-generation students from low-income backgrounds a tuition-free pathway to college
Rowan College of Burlington County Workforce Development Institute scholarships to prepare South Jersey workforce for offshore wind jobs related to transportation, logistics, supply chain and fabrication
Stockton University artificial reef research project to study the effects of turbine foundations in the marine environment
Educational Community Outreach (ECO) Center a multi-purpose learning hub on the Atlantic City Boardwalk, to engage the community and stakeholders about our projects
Ocean County College’s Barnegat Bay Partnership to help restore, protect, and enhance the natural resources of the Barnegat Bay ecosystem
Boys & Girls Club of Atlantic City STEAM lab & OSHA10 certification, building the changemakers of South Jersey
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