Sabina said that some preliminary work on Atlantic Shores and Ocean Wind has started. He expects this to expand, at a quicker pace, in 2023 and 2024. He said maritime operators are inquiring about work now. New Jersey partners with the Business Network for Offshore Wind, and Sabina reference...
After Denmark's Orsted said in late October 2023 that it had ceased development of its 1,100-MW Ocean Wind 1 and 1,148- MW Ocean Wind 2 projects off New Jersey as part of an ongoing review of its US offshore wind portfolio, Governor Phil Murphy in November ordered the New Jersey ...
U.S.-operated and U.S.-owned. It was written to boost the shipping industry after World War I. However, there are only three offshore wind turbine installation vessels in the world that are large enough for the turbines proposed for U.S. projects, and none are compliant with the Jones...
In 2023 and 2024, several offshore wind companies, including Orsted, took billions in write-offs, impairments and other cancellation fees after they determined they could no longer complete projects profitably due to rocketing construction costs, higher interest rates and ...
Danish developer, Orsted, lost a bid to provide offshore wind power to Rhode Island, whose main utility said rising costs made the proposal too expensive. The levelized cost of electricity of a subsidized US offshore wind project has increased to $114.20 per megawatt-hour in 2023, up almost...
Such actions are necessary to helpMarylandmeet its goal of meeting 8.5MW of offshore wind by 2031, which was announced byGovernor MooreinApril 2023. We are also grateful toVivian Mengfor her contribution to this alert. The content of this article is intended to provide a general guide to th...
Sabina said that some preliminary work on Atlantic Shores and Ocean Wind has started. He expects this to expand, at a quicker pace, in 2023 and 2024. He said maritime operators are inquiring about work now. New Jersey partners with the Business Network for Offshore Wind, and Sabina reference...
over land, and states are increasingly storing electricity with mega-batteries (California has 3 gigawatts worth), which allows more of the electricity generated actually to reach the grid. Over all, states will buy 25% more electricity generated by offshore wind in 2023 than they did last ...
In 2023, SouthCoast Wind struck an agreement with utilities in Massachusetts toterminate power off-take contractsassociated with the supply of 1.2 GW from the wind farm to be able to re-bid the project in the state’s next offshore wind solicitation round. ...
Maryland Offshore Wind: The Facts US Wind’s offshore wind projects will benefit Maryland by providing massive amounts of clean energy to the regional power grid, supporting hundreds of local jobs, and contributing billions of dollars to the state’s economy. Read more facts in our Maryland Of...