CBRE is organizing the acquisition of a brownfield site in South Amboy to collect and supply offshore wind energy
CBRE announced on September 17 that it had arranged for the acquisition of an aging brownfield from a former oil-fired power station in South Amboy by Rise Light & Power, the subsidiary of LS Power based in Queens, New York, for the construction of the Outerbridge renewable connector. , an innovative new project that will provide clean, cost-effective offshore wind power to homes and businesses in New Jersey and the region.
Outerbridge’s new renewable connectors project will help the state meet its goal of providing 7,500 megawatts of offshore wind power by 2035 and 100% clean power by 2050.
Jeff Dunne and Jeremy Neuer of CBRE led the site assessment and arranged for the acquisition of the 50 acre property on behalf of Rise Light & Power. The sale price was not disclosed.
When complete, the project could power up to 1.4 million homes in New Jersey and invest more than $ 1 billion in the state, increasing local tax revenues and creating well-paying jobs.
“We are excited to play a role in what will be an incredibly impactful development in the Garden State,” said Jeff Dunne of CBRE. “Outerbridge’s Renewable Connector will have a positive footprint on our community and our environment for decades to come and we couldn’t be happier to have a role in helping Rise Light & Power on this important project. “
Jersey Central Power & Light Co.’s former EH Werner oil-fired power station was decommissioned in 2015, completely demolished, and the site has been fully restored. The property’s existing substation and switching station, rail and motorway access, the pier with potential for expansion and unobstructed access to the Atlantic Ocean were particularly attractive to Rise Light & Power in its selection of Site (s.
The industrially zoned property is already connected to the New Jersey power market, while new and improved underground infrastructure will connect the facility to the Deans substation in Middlesex County.
“We are proud to announce our proposal to build new clean energy projects and make South Amboy a modern, green energy hub in New Jersey,” said Clint Plummer, CEO of Rise Light & Power. “Offshore wind is one of the most powerful tools we have for building a clean energy future. However, the region lacks the infrastructure to successfully bring it ashore and deliver it cost effectively.
“By transforming an aging local facility and connecting it to high-powered offshore wind farms, the Outerbridge Renewable Connector will help the region meet its clean energy goals in a way that creates well-paying jobs and economic benefits, ”Plummer said. “We are proud to help lead the way for a greener, cleaner future, and we look forward to working with stakeholders in South Amboy and New Jersey to achieve this goal. “