New Jersey Is Next for Offshore Wind Energy

Two energy companies won the rights to advance wind energy off New Jersey's coast, where the potential exists to power 1.2 million homes, the government said.

RES America Development and U.S. Wind Inc. bid more than $1.8 million collectively for the rights to consider the potential to develop wind energy in the federal waters off the coast of New Jersey.

"We are optimistic about the promise of a strong renewable energy future offshore New Jersey, as well as for the entire nation," Abigail Ross Hopper, director of the federal Bureau of Ocean Energy Management, said in a statement.

The estimated 344,000 acres off the New Jersey coast has, by the federal government's estimate, the potential to generate enough wind energy to power 1.2 million average households.

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