offshore wind renewable energy credits (ORECs)
DOE released a study of offshore wind transmission. In no way does this study establish, or even claim, that offshore wind makes economic sense, according to Steve Huntoon.
The state is moving forward with the Leading Light Wind and Attentive Energy Two projects after the cancellation of Ocean Wind 1 and 2.
New York officials, who may double the state's current 9-GW offshore wind target, explained the "mesh-ready" design for a future offshore grid.
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.
New Jersey has set aside $350 million to award corporate tax credits to companies that make major investments in the new offshore wind sector.
Maryland regulators selected US Wind and Ørsted to build 1,600 MW in offshore wind, bringing the state close to 2,000 MW in total.
New Jersey hopes its offshore wind early-mover status will allow it to create a robust supply chain infrastructure that will produce jobs.
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