A new factory to build massive foundations for offshore wind turbines is expected to bring more than 500 new jobs to Gloucester County.

Gov. Phil Murphy announced the $250 million investment by German company EEW and Denmark's Orsted at the Paulsboro Marine Terminal Tuesday.

The facility will construct steel monopiles to support offshore wind projects throughout the East Coast.

"Simply put this is the largest investment in offshore wind manufacturing in the United States to date, and when partnered with the New Jersey wind port taking shape a number of miles down the road and the 1,500 jobs that are being created there the impact of the offshore industry on our state will be huge," says Gov. Murphy.

The governor had previously announced his goal that New Jersey will generate 7,500 megawatts of offshore wind power by 2035.

Construction on the facility will begin next month, and monopile production will start in 2023.