New Jersey ramps up targets as it looks to go big on offshore wind energy

New Jersey's governor, Phil Murphy, signed the executive order on Tuesday.

The order, which was signed by Phil Murphy Tuesday, ups the target from 3,500 megawatts by 2030 to 7,500 MW by the year 2035. In a statement issued Thursday, the American Wind Energy Association's Laura Smith Morton described the announcement from New Jersey as "a significant commitment to offshore wind-generated electricity and clean energy."

In the U.S., however, the offshore wind market is still relatively nascent. The country's first offshore wind farm, the five turbine, 30 MW Block Island Wind Farm off Rhode Island, only commenced commercial operations in late 2016., for instance, is developing the 120 MW Skipjack facility off the Maryland coast and the 1,100 MW Ocean Wind project off the coast of New Jersey. It's expected that the facilities will be commissioned in 2022 and 2024 respectively.Overall, the U.S.

In a statement sent to CNBC via email on Wednesday, Gregory Wetstone, the president and CEO of the American Council on Renewable Energy, sought to highlight the importance of wind energy to the U.S.

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