The Bureau of Ocean Energy Management is expected this week to release the draft environmental impact statement for Ocean Wind 1, New Jersey’s first offshore wind project, to be built south of Long Beach Island.

Ocean Wind 1 is a joint venture between Ørsted and Public Service Enterprise Group. It is expected to be operational in 2024 and would produce enough electricity to power more than 500,000 homes. Engineering, procurement and construction contracts have recently been awarded.