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The ocean facility is planned to provide 1.3 million megawatt hours per year of renewable energy at its completion — 15 percent of all electricity used in the state. [ 4 ] [ 5 ] In 2009, Deepwater signed an agreement with National Grid to sell the power from the $200-million USD, 30-MW wind farm off Block Island , at an initial price of 24.4 ...
South Jersey Industries is an energy services holding company for a natural gas utility and other, non-regulated companies. It is based in New Jersey. The company was publicly traded on the New York Stock Exchange until 2023. [1] The company was taken private by the Infrastructure Investments Fund of J.P. Morgan & Co. [2]
The Jersey-Atlantic Wind Farm in Atlantic City, New Jersey, is the first coastal wind farm in the United States and the first wind farm in New Jersey. It became operational in March 2006 [1] and has five 1.5 MW turbines built by General Electric. Each wind turbine reaches a height of 380 feet (120 m).
Reworld, formerly Covanta (legal name; Reworld Holding Corporation), is a private energy-from-waste and industrial waste management services company headquartered in Morristown, New Jersey. Most of its revenue comes from operating incineration facilities that serve a secondary purpose as power plants that burn trash as fuel. Reworld charges a ...
Yards Creek Generating Station is a pumped-storage hydroelectric plant in Blairstown and Hardwick Township in Warren County, New Jersey, United States. The facility is owned by REV Renewables , which purchased it from Public Service Enterprise Group and FirstEnergy in 2020 and 2021. [ 1 ]
New Jersey's renewable portfolio standard was updated in 2018 to require that 21% of electricity be from renewable sources by 2021, 35% by 2025, and 50% by 2030. [3] In February 2023, Governor Phil Murphy set a goal of 100% clean electricity (including non-renewable zero-emissions sources) by 2035. [4]