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US offshore wind projects facing inflation headwinds - Vimarsana News

US offshore wind projects facing inflation headwinds

The U.S. has no large-scale commercial wind farms in operation today, but President Joe Biden's administration aims to have 30 gigawatt installed by 2030 to help decarbonize the power sector and...

Factbox-US offshore wind projects facing inflation headwinds - Vimarsana News

Factbox-US offshore wind projects facing inflation headwinds

To compare, in 2022, wholesale electricity prices averaged about $92 in New England, $90 in New York and $83 in the PJM West Hub, which runs from western Pennsylvania to Washington, D.C., according to U.S. Energy Information Administration (EIA) data. One megawatt (MW) can power about 1,000 U.S. homes but since wind is an intermittent resource - 1 MW of offshore wind can power about 500 U.S. homes, according to offshore wind developers. VINEYARD WIND 1The 800-MW project off the coast of Martha's Vineyard plans to start operations by the end of this year.

Source: yahoo.com
Massachusetts Looks to Push Ahead with Offshore Wind as Developers Back Out - Vimarsana News

Massachusetts Looks to Push Ahead with Offshore Wind as Developers Back Out

Massachusetts once again is finding itself at the forefront of the emerging challenges for the offshore wind energy sector. One of the first states to...

Shell and Oceans Winds JV moves to cancel PPAs for 1.2GW Massachusetts offshore wind farm - Vimarsana News

Shell and Oceans Winds JV moves to cancel PPAs for 1.2GW Massachusetts offshore wind farm

Read Shell and Oceans Winds JV moves to cancel PPAs for 1.2GW Massachusetts offshore wind farm and other wind energy news & analysis on Windpower Monthly

Offshore Wind: US Shipbuilders Answering the Call - Vimarsana News

Offshore Wind: US Shipbuilders Answering the Call

It’s a big deal when a U.S. president visits an American shipyard, and these trips always send a message. When President…