New Jersey Approves Two Giant Offshore Wind Power
New Jersey's utility regulator on Wednesday approved two offshore wind power projects with a combined capacity of 3,742-megawatts…
Source: marinelink.com
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New Jersey Approves Two Giant Offshore Wind Power Projects
New Jersey's utility regulator on Wednesday approved two offshore wind power projects with a combined capacity of 3,742-megawatts…
Source: oedigital.com
WindAction | The multibillion-dollar clean energy bet gone wrong
Then the problems started mounting. American workers’ wages soared after the pandemic, while Russia’s invasion of Ukraine sent commodity prices skyrocketing. The Federal Reserve’s rate increases drove up the cost of borrowing for billion-dollar developments. A global backlog of wind farm plans created a shortage of the vessels needed to haul turbines and their foundations from ports to job sites in the ocean. Delays stacked up. “The problem is the cost has spiraled out of control,” Bartlett said.
Source: windaction.org
Alternative Energy Developments in New Jersey
On July 5, 2023, the United States Department of the Interior's Bureau of Ocean Energy Management (BOEM) granted its third approval of a…
Source: lexology.com
A Clean-Energy Bet Goes Bad for Power Companies
Offshore wind turbines are proving too risky for many utilities.
Source: livemint.com