It was being developed by Ørsted US Offshore Wind in conjunction with Public Service Enterprise Group (PSE&G).

[3][4][5][6][7] Ocean Wind 1 received federal approval for construction and operations on July 5, 2023, the third large-scale project to do so.

Ørsted canceled both projects on October 31, 2023, due to poor financial outlook caused by inflation and supply chain disruptions, including unavailability of a wind turbine installation vessel.

[25] In September 2020, New Jersey officials delayed the project citing concerns about economic benefits of offshore wind, including construction of monopoles and negative effects on the fishing industry.

The State of New Jersey settled in May 2024 for a payment of $125 million to support investments in offshore wind and clean energy.

[14][34] Ørsted U.S. Offshore Wind is also partnering with Tradepoint Atlantic, based in Port of Baltimore, to create a 50-acre staging center for on-land assembly, storage and loading out into deep waters for projects along the East Coast.

[37][38] In September 2019, Ocean Wind, with the approval of the New Jersey Board of Public Utilities, secured the capacity interconnection rights to bring the power generated by the wind farm on-shore at Oyster Creek Nuclear Generating Station in Lacey Township, a 619-megawatt nuclear power plant which was shut down in September 2018.

[39][40][7] On February 2, 2022, Ørsted filed a petition to the New Jersey Board of Public Utilities to build a power cable connecting the offshore substations to the mainland through Ocean City.

England Generating Station in Upper Township, via an underground cable and an onshore connection in Ocean City.

[42] In February 2023, two Republican congressmen from New Jersey proposed legislation to halt all current and future offshore wind projects.