Once operational, the project, located over 40 miles off the coast, will supply New Jersey with 2,400 MW of clean energy – enough to power more than 1 million homes. The project is scheduled to begin construction in 2028, with operations in the full lease area estimated to begin in 2032. Leading Light Wind will reduce carbon emissions by 4.1 million tons each year over the full life of the project."We thank the Board of Public Utilities and applaud their leadership in staying the course toward New Jersey's energy transition goals and commend the state for recognizing the importance of prioritizing American offshore wind know-how to lead the clean energy transition. Invenergy, Leading Light Wind's lead developer, is committed to cultivating American innovation and is optimistic that today's decision will unlock future opportunities for the next wave of American companies in this important domestic industry," said Wes Jacobs, Senior Project Director, Offshore Wind Development, Invenergy. "This is an immensely exciting beginning to a long-term partnership between Leading Light Wind and New Jersey. Our team is poised and ready to deliver an environmentally responsible project that advances a healthier, more sustainable future for all.""Leading Light Wind will chart a clean energy future for New Jersey and lay the foundation for a thriving domestic offshore wind industry," said Ryan Brown, Chief Operating Officer of energyRe

Shovels hit the ground on Tuesday for the second phase of Hudson Exchange, one of Jersey City’s largest and most anticipated redevelopment projects.Located at 420 Marin Blvd., the 1.3 million-square-foot, mixed-use tower by Brookfield Properties and G&S Investors, in partnership with lenders Ullico, Washington Capital and AFL-CIO Housing Investment Trust, will feature 802 luxury rental apartments and 115,000 square feet of retail space, including 85,000 square feet that is preleased to the neighboring ShopRite supermarket.Jersey City Mayor Steven Fulop, the development partners and members of the community attended the groundbreaking ceremony to commemorate this construction milestone.“Jersey City is leading from the front in supporting development that balances the needs of new residents and the existing community,” Robert Pears, vice president at Brookfield Properties, said. “We’re proud to build upon the success of the first phases of Hudson Exchange, which include two residential towers, both of which were fully leased in record time, demonstrating that demand for quality housing in Jersey City continues unabated.”Designed by the architecture firm Beyer Blinder Belle, the 60-story tower will rise 634 feet in height. Each residence will feature quartz countertops, walk-in closets and in-unit washer/dryers, along with access to an expansive collection of indoor and outdoor amenities that include a rooftop pool, a social lounge, a fitness center, a game room, a dining/conference room and a coworking lounge, among other spaces.The Metro Plaza ShopRite supermarket will relocate from a nearby building to continue its 30-year legacy at the base of the new tower. This state-of-the-art store will include internalized parking and loading facilities, serving as an amenity for residents and the surrounding community.“With the second phase of Hudson Exchange, the Metro Plaza ShopRite — one of downtown’s most important amenities — will soon have a new, modern home that enables it to better service the Jersey City community,” Fulop said. “Our residents deserve access to vibrant food stores for their daily shopping needs, and I’m thrilled that the new location for this longtime community staple is being built entirely with union labor. We look forward to seeing this highly transformative development continue to come to life.”“As third- and fourth-generation grocers, we take pride in listening to our customers to understand what they want and need from their neighborhood supermarket,” Larry Inserra Jr., chairman and CEO at Inserra Supermarkets, the owner and operator of ShopRite, said