Tag Archives: Cape May County
Environmentalists face off against environmentalists over offshore wind projects
The Energy Department estimates offshore wind turbines could produce as much as 20% of regional power needs along the densely populated Eastern Seaboard from Florida to Maine by 2050. To reach that goal, the Biden administration had hoped to green-light 30 gigawatts from utility-scale offshore wind farms by 2030—enough to power nine million homes. That now seems wildly ambitious, as billions of dollars in projects have been canceled amid staggering cost overruns, soaring interest rates and supply-chain delays. Added to these economic woes are persistent environmental concerns, as attested to by some recent federal lawsuits. In September, for example, Cape May County, N.J., and a coalition of regional environmental, fisheries and tourism groups sought to stop development of two utility-scale projects off the New Jersey coast. more, >>click to read<< 11:54
Offshore Wind has a Cost Crisis
The horrific term “cost crisis” is not from me. It comes down from on high, in this case the mega-conference: US Offshore Wind 2023. But now they have a cost crisis. Could the bust be at hand? The evidence is piling up. So there are three converging factors. Higher material and equipment costs, higher interest rates and political resistance. For example it has not gone unnoticed that the House Republicans are trying to roll back the lush subsidies granted under the amusingly named Inflation Reduction Act. Local resistance is growing as well. The biggest developer offshore America is Ørsted and they are now suing New Jersey’s Cape May County and Atlantic City for withholding local permits needed to bring a big project’s power ashore. Anti-offshore wind demonstrations are becoming a common occurrence in coastal towns. >click to read< 08:02