Tag Archives: Ocean Wind project.
Doomed to Fail: In the Northeast and Mid-Atlantic, a quiet reckoning over offshore wind
Crippling European electricity prices, soaring Northeastern heating bills, looming diesel-fuel shortages, and OPEC+ drama have captured headlines for months. More quietly, offshore-wind energy developers are discovering their projects’ economic infeasibility, undermining states’ offshore-wind goal of generating 40,000 MW by 2040. The Biden Administration must recognize this is a pipe dream, or it will cost Americans billions trying to salvage an industry doomed to fail. October brought the first sign of troubles,,, Massachusetts’ Commonwealth Wind, Mayflower Wind project, New Jersey Ocean Wind. All three project developers originally negotiated prices far above wholesale market prices. All three qualified for a production tax credit and additional offshore-wind state tax credits. All three will qualify for a new 30 percent offshore wind investment tax credit which was not available when they made their initial bids. Yet this federal and state largesse has still failed to keep the projects afloat. >click to read this< 18:17
Proposed N.J. wind farm could have major impact on area fisheries, draft report says
A proposed wind farm off the Jersey Shore could significantly affect local fisheries and boat traffic but generally have little impact on tourism and marine life while helping to move away from oil and gas, according to the draft environmental impact statement released Friday by the Bureau of Ocean Energy Management. The impact statement is the next step toward winning federal approval for Ocean Wind, a wind farm to be built by the Danish energy company Ørsted and PSEG. The draft statement addressed concerns by officials in some New Jersey beach towns that the turbines would spoil the ocean views and discourage tourists from returning. >click to read the foolishness< 14:18
Ørsted and Eversource partner with fishermen’s consortium – First Agreement of its kind
The agreement marks the first time an offshore wind developer and a commercial fishing consortium sign a substantial commercial contract in the history of U.S. offshore wind. Separately, Ørsted has also begun discussions with Sea Services to expand this scope into its Ocean Wind and Skipjack Wind Farms, serving New Jersey and Maryland respectively.,,, Sea Services CEO and co-founder, Gordon Videll, ”When our vessels and crews are not fishing, we will be providing Ørsted and Eversource with 24/7 monitoring of all designated wind project assets, as well as monitoring and education for vessels traveling in designated areas. As wind farms mature and grow, so will opportunities for the Sea Services consortium.” >click to read< 07:35
Ørsted, Eversource Hire Sea ServIces to Ensure Safety During Offshore Wind Farm Construction – >click to read<
N.J. just gave the green light to build the nation’s largest offshore wind farm
The nation’s largest offshore wind farm is one step closer to reality off the Jersey Shore. On Friday, the New Jersey Board of Public Utilities granted the state’s first award for offshore wind to the Danish energy company Ørsted and Public Service Enterprise Group (PSEG) for the proposed 1,100-megawatt Ocean Wind project. Gov. Phil Murphy declared this will “revolutionize” the offshore wind industry along the East Coast. >click to read< 11:32
