PAULSBORO, N.J. (KYW Newsradio) — It’s full steam ahead for New Jersey’s offshore wind plans. A day after federal regulators provided a critical approval, Gov. Phil Murphy visited a manufacturing site in Paulsboro to sign funding legislation.
South Jersey is poised to be an international leader in manufacturing for the offshore wind industry. Standing next to gigantic components for the enormous wind turbines to be installed offshore, Murphy said $200 million in tax incentives going to the Danish company Ørsted makes this project possible.
The governor said the state would likely lose the business if it hadn’t stepped up.
“This was binary. Either we get this bill done and the industry thrives here and the jobs that are associated with it — or it goes somewhere else.”
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Republicans and other opponents of offshore wind energy said that $200 million was supposed to go back to ratepayers and criticized the funding bill as a corporate bailout.
Murphy also signed two other bills: one to create more opportunities for film production in the state and another to expand construction of affordable housing. All three bills, he said, center around creating family-sustaining union jobs and delivering on his promise of a stronger and fairer New Jersey.
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