ATLANTIC CITY-Ocean breezes, currents and waves could someday provide up to 1,000 megawatts of power to an estimated 300,000 homes in New Jersey if a Seattle developer sees his windfarm project to fruition off the coast here. And, in addition to the mitigation of global warming, the project could prove profitable for the developer and his investors.

“Our intention is to sell power at a competitive price,” Burton Hammer, president of Grays Harbor Ocean Energy Co., tells GlobeSt.com. He adds that given the preference for renewable energy, people will buy it, noting that the project would in turn, create green jobs while increasing shorefront real estate activity.

According to the New Jersey Energy Master Plan of 2008, the state hopes to see at least 1,000 megawatts of offshore wind and up to 200 megawatts of on-shore wind power by 2020. “Consumers in New Jersey are expected to benefit from more wind and wave generated electricity since our state is a net importer of electricity and wind or wave resources are clean renewable energy sources that would displace the use of dirty fossil or nuclear generated electricity,” a spokesman for the New Jersey Board of Public Utilities tells GlobeSt.com.

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