Gov. Phil Murphy on Tuesday announced plans to build the nation’s first manufacturing port dedicated to the offshore wind industry.

Murphy said Tuesday the state Economic Development Authority will lead development of the New Jersey Wind Port, with a cost estimated between $300 million to $400 million, and which could generate $500 million of economic activity a year.

The facility would be dedicated to building and deploying the huge turbine blades needed to operate windmills for wind-powered energy. It will be built in Lower Alloways Creek Township next to the Hope Creek Nuclear Generation Station. PSE&G, which owns the nuclear plant, also owns the land where the port will be built.

The project is part of the governor’s goal of having 100% clean energy in the state by 2050.