Invenergy, the leading privately held developer, owner, and operator of sustainable energy solutions, announced the formation of Jersey Link, a renewable energy transmission initiative that will ensure a thriving New Jersey clean energy market. Invenergy acquired the early-stage project, previously known as Atlantic Power Transmission, from Blackstone Infrastructure Partners who will continue to support the project moving forward.
As New Jersey pursues the addition of 11,000 megawatts of offshore wind by 2040, Invenergy’s Jersey Link project is an innovative, scalable, and comprehensive High-Voltage Direct Current (HVDC) transmission solution that will allow for the integration of up to 3,600 megawatts of new offshore wind into New Jersey’s grid, powering millions of New Jersey homes.
“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,” said Robert Taylor, Senior Project Director for Jersey Link. “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.”
Investment in transmission is essential to meet America’s growing electricity needs and will catalyze significant economic growth – directing investment and new skilled jobs into the local economy through coastal community revitalization and new workforce opportunities. Invenergy’s Jersey Link carries forward a strong labor coalition that supported Atlantic Power Transmission and will advance workforce development via labor partnerships.
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“Jersey Link will provide the opportunity to create fair wage union jobs throughout our community. This project ensures that the work will stay local and will prioritize safety standards as New Jersey continues to build a clean energy industry,” said Greg Lalevee, Business Manager at International Union of Operating Engineers Local 825.
“Workers must be engaged as New Jersey moves forward with major renewable energy investments. Invenergy has a proven track record of building strong partnerships with key project stakeholders including labor, and we expect that to continue with Jersey Link. We look forward to building new pathways for clean energy production and transmission in New Jersey,” said William Sproule, Executive Secretary-Treasurer of the Eastern Atlantic States Regional Council of Carpenters.
Invenergy is deeply invested in the Garden State, and is the lead developer of Leading Light Wind, an American-led offshore wind project that recently submitted a bid to deliver up to 2,400 megawatts of clean energy to New Jersey. Invenergy is also a global leader in state-of-the-art HVDC transmission, an essential technology for clean energy integration. Invenergy is currently developing over one-third of proposed HVDC transmission capacity in the United States. This includes the 5-gigawatt, 800-mile Grain Belt Express, the highest capacity transmission line in the U.S. that will provide affordable, reliable power to the Midwest and other regions. Jersey Link will leverage Invenergy’s development and project execution expertise as well as experience in HVDC technology to build a technically sound, economically viable, and constructable project.
Kurt Summers, Senior Managing Director and Head of Public-Private Partnerships at Blackstone said, “Blackstone Infrastructure Partners is pleased to see the announcement of Jersey Link. 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.”
SOURCE : PRNewswire