Two states with some of the most ambitious offshore wind goals in the nation brought stakeholders together last week, trying to keep things on track in 2024.
BloombergNEF offshore wind analyst Chelsea Jean-Michel said there's reason for optimism for the industry in the United States, once it overcomes its growing pains.
The New Jersey Board of Public Utilities rejected one grid-scale solar project and supported another, as well as laying the ground work for its fourth offshore wind solicitation.
Eversource will take a fourth-quarter 2023 impairment of up to $1.6 billion due to the ongoing struggles of its offshore wind joint ventures with Ørsted.
The groups charged with leading New York’s energy transition enter 2024 trying to build on momentum from in 2023 while recovering from its disappointments.
Contracts for renewable energy projects totaling more than 8 GW of capacity in New York have been canceled as developers scramble to get out of unprofitable deals and rebid at higher cost.
Clean energy in New Jersey moved forward in 2023 with community solar and Advanced Clean Cars II, and in reverse with the shutdown of the Ocean Wind offshore development.
