New York Bight
New Jersey will delay its third offshore wind solicitation by three months to allow it to incorporate proposed transmission projects now being reviewed by PJM.
Six companies offered a record $4.37 billion for 5.6 GW of offshore wind capacity in the New York Bight after three days of fierce bidding.
Avangrid’s CEO said during an earnings call that the lease areas that the company now directly controls are “undervalued based on current market prices.”
BOEM's plan for addressing fishing industry fears over offshore wind projects drew a skeptical reception at a hearing on six projects for the New York Bight.
Increasing its bet on offshore wind, the Biden administration said it will auction six lease areas near New York, enough to site at least 5.6 GW of generation.
The Bureau of Ocean Energy Management gave a green light for further offshore wind development in the New York Bight, issuing a final environmental assessment.
Offshore wind developers said empathy for communities and ocean users is the key to winning stakeholder support of their projects.
The needs of European Offshore Wind developers will constrain availability severely for wind turbine installation vessels that could serve the U.S. market.
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