New Jersey’s offshore wind sector looks to take a key role in the East Coast turbine industry despite the closure of the state’s two most advanced projects.

The BPU approval gives offshore wind developer Invenergy time to find an economically viable turbine before committing more resources to the project.

Wood Mackenzie reports Western wind turbine manufacturers saw demand for their products ease in 2023 amid a stalled market while Chinese companies saw surging demand.

The world’s leading offshore wind developer announced that it is pulling out of some smaller markets but reiterated its commitment to construction and operation in U.S. waters.

Three recent reports note that while the U.S. offshore wind sector is growing rapidly, the ever-larger turbines being installed present technical and reliability challenges.

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.

U.S. renewable energy deployment is dependent on an import-heavy supply chain, and the outlook for a domestic supply of components isn’t getting better.