Offshore Wind (OSW)
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The New Jersey Legislature appears to be backing bills that would allow offshore wind developer Ørsted to directly received federal tax credits for its Ocean Wind 1 project.
State of Maine
Gov. Mills says organized labor requirements would raise costs for ratepayers, put state at competitive disadvantage in developing offshore wind industry.
South Fork Wind
New York announced that the first monopile foundation has been installed for South Fork Wind, a 132 MW project being developed by Ørsted and Eversource off the eastern tip of Long Island.
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The industry must improve planning to account for changing resources and new load patterns, said experts at Infocast’s Transmission & Interconnection Summit.
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Public financial support for New Jersey’s offshore wind projects has come under scrutiny as Ørsted seeks to obtain access to federal tax credits.
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New York’s installed reserves margin study may be too optimistic in its emergency assistance assumptions, according to a presentation given to the NYSRC.
Building public support for clean energy projects will require shorter timelines and increased community engagement, experts told industry participants.
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New Jersey’s Board of Public Utilities pulled an agenda item modifying the state’s offshore transmission project after a Division of Rate Counsel complaint.
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Developers of offshore wind in New York said Wednesday that decades-high inflation and interest rates mean deals negotiated years ago aren't viable anymore.
SouthCoast Wind
SouthCoast Wind Energy has asked to end offshore wind power purchase agreements with Massachusetts electric distribution companies, citing rising costs.
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