Offshore wind projects like Nautilus offer innumerable benefits to New Jersey and Atlantic County
This project won’t just bring clean power to thousands of homes in the Atlantic City Area, it will create jobs and boost the region’s economy. This will bring the first wave of the nearly 40,000 offshore wind jobs that are expected to be created in the US.
This first-of-its-kind project in the United States offers New Jersey an opportunity to lead the nation in offshore wind construction, developing a skilled workforce and cultivating operational experience nobody else has. It’s one of the only shovel-ready offshore wind projects in the country, making it a perfect demonstration for the potential of offshore wind, a sector with incredibly rapid job growth. Wind and solar jobs now outnumber coal and gas jobs in most states. These new jobs and wages will in turn, increase traffic at small businesses in the community.
During construction over the next two years, the project is expected to employ the equivalent of 600 workers for a year during construction as well as additional jobs during operations and maintenance.
New Jersey can’t meet its goal to be powered by 100% renewable energy by 2050 without projects like this. This is an important step toward improving air quality in a state that suffers from some of the worst levels of smog in the country. A thorough environmental assessment by the federal government also determined that there would be no harm to the environment during construction.
An independent analysis showed that Nautilus is expected to increase New Jersey’s total economic output by $150 million with construction by 2020. Maintaining the offshore wind project could add $16 million annually for the state, with a projected economic and environmental net benefit of $235 million. It’s estimated that residential customers could see a slight increase in utility charges when the project comes live, approximately $1.76 per year, which is less than the price of a small cup of coffee.