Companies to develop a New Shovel-Ready Site
at Repauno Port & Rail Terminal, subject to BPU approval of the
Outerbridge Renewable Connector project
Will Strengthen New Jersey's Position as a
Manufacturing Hub for the Growing U.S. Offshore Wind Industry and
Create Hundreds of Good-Paying Local Jobs
GREENWICH TOWNSHIP,
N.J., April 14, 2022 /PRNewswire/ -- Rise Light
& Power (Rise) and Delaware River Partners LLC (DRP) today
announced an historic partnership to position New Jersey as a leading manufacturing hub in
the growing offshore wind industry.
As part of its Outerbridge Renewable Connector project, Rise
announced it is prepared to invest millions to develop a
shovel-ready site for a submarine cable manufacturing facility at
DRP-owned Repauno Port & Rail Terminal in Greenwich Township (Repauno).
The proposed submarine cable manufacturing facility will have a
footprint of approximately 30 acres, along with dock access.
Upon approval of the Outerbridge Renewable Connector project,
pending before the BPU, Rise and DRP will commence development and
permitting work to make the site shovel-ready and to attract an
offshore cable manufacturer, who would ultimately construct and
operate the facility. Submarine cable manufacturing
facilities of similar size typically generate approximately 500
jobs during construction and over 100 good-paying, full-time jobs
during operations.
"This opportunity will bolster New
Jersey's leadership in offshore wind with a major investment
to create good-paying jobs and become a national supply chain
leader," said Clint Plummer, CEO of
Rise Light & Power. "The Outerbridge Renewable Connector will
revitalize and repurpose infrastructure to meet New Jersey's bold clean energy goals. We are
excited about this partnership with Delaware River Partners."
"We are proud to enter into a partnership with Rise Light &
Power to develop New Jersey's
first submarine cable manufacturing facility," said Hank Alexander, DRP's CEO. "The Repauno Port
& Rail Terminal is an ideal location for this project.
Conveniently situated along the Delaware River, we are accessible
and fully capable of meeting the offshore wind industry's
needs."
"Wind power is coming to Jersey. Atlantic Shores, Ocean Wind,
New York Bight are underway and I'm sure others will follow.
Submarine cables taking the power generated by offshore wind to the
Rise Light & Power site for distribution is a sensible plan,"
said Senator Edward Durr,
representing the District of New
Jersey in which Repauno is located. "Manufacturing those
submarine cable at Repauno is a great opportunity to bring good
paying jobs to the Third Legislative District and help generate
additional economic development in our community."
Vince Giovannitti, Mayor of
Gibbstown said, "New Jersey's first cable manufacturing
facility will inject new life into Greenwich Township's manufacturing sector and
provide good-paying local jobs for our residents. This is an
ideal re-use of the former DuPont property and will be a driver of
our local economy."
Upon hearing of the new effort to develop the facility in
Gibbstown, Christina M. Renna, President & CEO of the
Chamber of Commerce Southern New Jersey (CCSNJ) said, "CCSNJ
proudly welcomes this new partnership between Repauno Port &
Rail and Rise Light & Power. Having a shovel-ready site will
attract manufacturers to our region, paving the way for hundreds of
new manufacturing jobs and connecting our community with the
on-going clean energy transition in New
Jersey."
With a demand for 800 to 1,000 miles of cable per year in the
U.S. and growing, the addition of a new submarine cable
manufacturing factory positions New
Jersey as a critical link in the offshore wind supply chain
to meet this growing demand. Currently, there is only one
operational U.S. offshore wind cable manufacturing facility out of
South Carolina. A typical offshore
wind cable manufacturing plant may produce approximately 120 miles
of cable per year, depending on size.
Rise and DRP will develop the site to be shovel-ready and
collaborate to attract manufactures of two types of subsea cables
required for offshore wind farms. First are inter-array cables that
connect turbines within the offshore wind farm to an offshore
substation, and the second are export cables that connect the
offshore substation to the onshore grid.
Rise is committed to advancing a regional supply chain for
offshore wind submarine cable manufacturing in the region, and
Repauno is the first step in establishing the regional supply chain
to support the growth of the offshore wind industry.
About the Outerbridge Renewable
Connector
Rise's Outerbridge Renewable Connector is an innovative plan for
turning the nearly 100-year-old retired coal-fired E.H. Werner
power plant into a state-of-the-art clean energy hub to deliver
renewable offshore wind energy, making it a valuable part of the
South Amboy waterfront,
contributing to the local tax base, and creating good-paying union
jobs. The site is located directly on the coastline
with an existing substation and high-voltage transmission
connection to the grid. In contrast, many of the other
substations proposed for offshore wind integration are located
10-20 miles from the coast, often directly adjacent to beach
communities and Wildlife Management Areas, and requiring
significant new infrastructure. Outerbridge is an innovative
response to a joint call by the NJ Board of Public Utilities
(NJBPU) and the regional grid operator, PJM Interconnection, for
qualified developers to submit potential transmission solutions
that would help deliver offshore wind energy to the existing power
grid. NJBPU and PJM will evaluate all submissions to determine
which projects can meet the state's offshore wind policy goals. For
more information, please visit www.outerbridgenj.com.
About Rise Light &
Power
Rise Light & Power is a Queens,
NY-based energy asset manager and developer. Its core asset,
Ravenswood Generation Station, is New
York City's largest power-generating facility, which
provides more than 20 percent of New York
City's generation capacity. In addition, Rise is pursuing an
exciting growth-oriented strategy, including modernization and
resiliency upgrades at Ravenswood Generation Station, as well as
new large-scale clean energy infrastructure to facilitate the
renewable energy transition taking place in New York State and New Jersey. Rise Light & Power is a wholly
owned affiliate of LS Power. For more information, please visit
www.riselight.com
About Repauno Port & Rail
Terminal
Repauno Port & Rail Terminal is owned by Delaware River
Partners and located on a 1,600-acre site along the Delaware River
in Greenwich Township, New Jersey,
one of the most active maritime markets in the nation.
Formerly the home of a DuPont manufacturing facility, the site
is being redeveloped into a multi-use port facility for energy
products, roll-on/roll-off, project cargo, bulk cargo, warehousing
and logistics. Its first dock opened in January 2021 and can handle all types of
cargo.
Repauno offers tremendous logistical optionality as it sits
directly on the Delaware River, served by Conrail with access to
CSX and Norfolk Southern, and easy truck access to I-295 and I-95.
Additionally, the site features a new multi-purpose dock with
40-foot draft, capable of safely handling a wide variety of
products and available acreage with build-to-suit logistical
solutions available for development.
To-date, more than $100 million in
investments have been completed on the site, including
rehabilitation of a hard rock cavern for storing bulk liquid/gases
and construction of a state-of-the-art transloading system and
deep-water dock.
Repauno is owned by Fortress Transportation and Infrastructure
Investors LLC (NYSE: FTAI), which is externally managed by an
affiliate of Fortress Investment Group LLC, a leading, diversified
global investment firm.
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SOURCE Rise Light & Power