An offshore wind project planned for off the coast of Atlantic City is one of seven nationwide to receive a federal grant to help with engineering, with the goal for the project be in operation in five years.
The Department of Energy announced Wednesday that the Fishermen’s Energy project will receive an initial amount of $4 million to assist with design, engineering and permitting. Three projects will then be selected for grants of as much as $47 million to help with construction and installation. Those projects selected should be operating by 2017.
“This project will create hundreds of jobs, help to rebuild New Jersey’s infrastructure and attract a new industry to New Jersey,” Fishermen’s Energy CEO Chris Wissemann stated in a news release.
If built as currently proposed by the Cape May firm, the Fishermen’s Energy demonstration project would install six wind turbines three miles off the coast of the resort. The company said in a news release that it has all the federal and state permits needed to begin construction.
Fishermen’s Energy now will focus on selecting a contractor for the project, with construction expected to begin next year and connection to the power grid in 2014.
Contact Sarah Watson:
Follow Sarah Watson on Twitter @acpresssarah