WASHINGTON (dpa-AFX) - Public Service Enterprise Group (PSEG) has agreed with Ørsted North America to acquire a 25% interest in the 1,100-megawatt Ocean Wind project. The Ocean Wind project will generate clean, zero-carbon electricity and power half a million New Jersey homes.
PSEG Chairman, President and CEO Ralph Izzo. 'As New Jersey's first offshore wind project, Ocean Wind will lead the way for a productive first step into this forward-leaning industry, bringing with it new skills, jobs and carbon-free energy.'
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