About the Pro-NJ Grantor Trust
The Pro-NJ Grantor Trust is an independent $15 million fund established by Ørsted and Ocean Wind 1, with the goal of ensuring that the offshore wind industry in New Jersey is developed in a sustainable and inclusive way.
During the construction phase of Ocean Wind 1, the Trust will offer small, women-owned and minority-owned businesses grant support in reconfiguring their businesses to participate in the offshore wind industry. The trust will also provide funding for infrastructure resiliency improvements in New Jersey, and specifically, in Atlantic, Ocean and Cape May counties.
We are proud to be members of:
The Trustees
Oversight of the Pro-NJ Grantor Trust is provided by three trustees representing Ocean, Atlantic and Cape May counties.
Ocean Wind
In 2019, Ørsted, with the support of PSEG, received approval from the New Jersey Board of Public Utilities to build New Jersey’s first utility-scale offshore wind farm – Ocean Wind 1.
Project Background
In 2018, Governor Phil Murphy signed an Executive Order directing the New Jersey Board of Public Utilities (BPU) to fully implement the Offshore Wind Economic Development Act of 2010.