Tag Archives: BOEM Director Elizabeth Klein
Expensive Offshore Wind in Jeopardy in a Trump Administration
Offshore wind is much more expensive than onshore wind with costs to build at 4.5 times the cost of natural gas generation and operational costs at 2.3 times. President-elect Trump recognizes offshore wind’s high costs and limited utility and is likely to end its massive subsidies promulgated by the Biden-Harris Administration. Immediate actions available include revoking Biden’s executive order that paved the way for higher cost, less reliable electricity. Biden-Harris officials have heaped subsidies upon offshore wind through the Inflation Reduction Act and cut corners on regulations to expedite the technology. Offshore wind has had recent catastrophic failures including broken blades that have closed beaches in a tourist town and imperiled fishermen. Biden’s Executive Order 14008 issued on February 1, 2020–only two weeks after his Inauguration– launched the offshore wind program in the United States. This is an executive order that President-Elect Trump could easily rescind on his first day in office by just issuing a counter-executive order, which would stop the onslaught of this very expensive energy being added to the U.S. grid. Another way is to remove the excessive tax credits that encourage its adoption, which would take new legislation and add time to the process. more, >>CLICK TO READ<< 18:47
Biden-Harris Administration’s First Offshore Wind Lease in Maine
The Department of the Interior today announced it will hold an offshore wind energy lease sale on Oct. 29, 2024, for eight areas on the Outer Continental Shelf off Massachusetts, New Hampshire and Maine. If fully developed, these areas have a potential capacity of approximately 13 gigawatts of clean offshore wind energy, which could power more than 4.5 million homes. The announcement follows the Department’s recent announcement that it has approved more than 15 gigawatts of clean energy from offshore wind projects since the start of the Biden-Harris administration- equivalent to half of the capacity needed to achieve President Biden’s goal of 30 gigawatts of offshore wind energy by 2030.”The growing enthusiasm for the clean energy future is infectious. Today’s announcement – which builds on the execution of the nation’s first floating offshore wind energy research lease in Maine last month – is the result of years of thoughtful coordination between our team, the Gulf of Maine states, industry and the Tribes and ocean users who share our interest in the health and longevity of our ocean,” said Secretary Deb Haaland. more, (if you can stand it,) >>CLICK TO READ<< 12:05
