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New Jersey EDA Approves Orsted Sublease for Criticized Wind Port Project

Deal Expected To Generate Rent of $25 Million Over Two Years
A rendering depicts the planned New Jersey Wind Port in the southern part of the Garden State. (New Jersey Economic Development Authority)
A rendering depicts the planned New Jersey Wind Port in the southern part of the Garden State. (New Jersey Economic Development Authority)
CoStar News
July 28, 2023 | 10:35 P.M.

Orsted Wind Power North America has won state approval to sublease up to 34 acres in South Jersey for a massive wind port project in a deal expected to generate more than $25 million in revenue for the Garden State.

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