Invenergy has formed Jersey Link, an energy transmission initiative, with the goal of supporting New Jersey’s clean energy market.
As the state pursues an additional 11,000 MW of offshore wind by 2040, the initiative is meant to provide a high-voltage direct current transmission solution allowing for the integration of up to 3,600 MW of new offshore wind into New Jersey’s grid, says the company.
“This announcement underscores Invenergy’s continued commitment to building the critical infrastructure required to advance the offshore wind and transmission goals of New Jersey, and the US at large,” says Robert Taylor, Jersey Link’s senior project director.
“Invenergy’s deeply experienced team will ensure Jersey Link cost-effectively delivers offshore wind power to shore, invests in coastal and inland communities, and advances workforce development opportunities throughout the state.”
Invenergy acquired the early-stage project, previously known as Atlantic Power Transmission, from Blackstone Infrastructure Partners who will continue to support the initiative moving forward.
“Blackstone Infrastructure Partners is pleased to see the announcement of Jersey Link,” adds Blackstone’s Kurt Summers. “Our long-standing partnership with Invenergy has created extraordinary investment opportunities for sustainable energy projects in New Jersey, across the United States and around the globe. Jersey Link is the next step in our continued commitment to support a leading clean energy industry in New Jersey.”
Cool project! Blackstone has been absolutely vital for New Jersey’s business endeavors. Brava!