Offshore Wind Power
Developers bid a total $757 million, or $2,039/acre, for five leases in two wind energy areas off California in the first West Coast offshore wind auction.
The West Coast’s first offshore wind auction got off to a cautious start, with bids closing at levels far lower than two recent East Coast auctions.
Driven by global energy security concerns and new government support, renewable energy could see unprecedented growth in the next 5 years, according to IEA.
New Jersey is seeking projects totaling 1.2 to 4 GW — and potentially larger — in the state’s third offshore wind project solicitation planned for early 2023.
New York’s clean energy sector reached record-high employment in 2021, rebounding from the COVID-19 pandemic much further than the general workforce.
The New Jersey EDA voted to back a $20 million purchase agreement with Atlantic City Electricity to ensure the utility avoids potential supply chain delays.
Sunrise Wind cleared a significant regulatory hurdle after the New York PSC approved a certificate of environmental compatibility and public need.
Negotiations will continue on two Massachusetts offshore wind projects that developers have declared financially unviable.
Equinor and bp have created a fund to help pay for workforce development and support community-empowerment aspects of New York’s nascent offshore wind industry.
Offshore wind developers say the states that are driving project development need to lead on the transmission side by collaborating to build an offshore grid.
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