NEWARK, N.J., June 29 /PRNewswire-FirstCall/ -- "We
congratulate the State of New
Jersey for passing this important piece of legislation.
This legislation signals New
Jersey's commitment to creating a new and promising
industry.
"This legislation sets a clear path for offshore wind projects
like the one proposed by Garden State Offshore Energy, but only if
projects can demonstrate positive benefits to the state and its
citizens.
"We believe a vibrant offshore wind industry can create
thousands of good-paying, green jobs, boost the economy and help
the state meet its renewable energy goals. This is an
important step forward towards reaching these goals.
"We applaud Governor Christie, Senate President Sweeney,
Assembly Speaker Oliver, NJDEP Commissioner Bob Martin, and NJBPU President Lee Solomon's leadership in supporting a
responsible way forward for offshore wind in New Jersey."
Rob Gibbs, vice president, Garden
State Offshore Energy, LLC (GSOE) and manager development –
renewable energy, PSEG Global.
For more information, visit www.pseg.com.
Garden State Offshore Energy (GSOE) is a joint venture
between PSEG Global and Deepwater Wind. GSOE has proposed a 350
megawatt wind farm more than 16 miles off the Southern New Jersey coastline. As part
of a New Jersey Board of Public
Utilities competitive process, The GSOE proposal was chosen by the
state as the preferred offshore wind developer.
PSEG Global is a wholly owned-subsidiary of PSEG (NYSE:PEG),
a diversified energy company based in Newark, NJ. For more information,
visit www.pseg.com.
Deepwater Wind is leading offshore wind developer
headquartered in Hoboken, N.J.,
with development offices in Providence and New Shoreham, R.I. The Company
is led by a veteran management team with extensive experience in
developing renewable-energy projects in the northeastern
United States. For more
information, visit www.dwwind.com.
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SOURCE Public Service Enterprise Group (PSEG)