‘It’s Gonna End On Day One’: GOP Lawmakers, Fishermen Urge Trump To Keep Promise To Axe Offshore Wind
Trump’s return to the Oval Office will deal another blow to the troubled offshore wind industry if his administration follows through on his promise to end federal support for offshore wind projects during his second term. There is a possibility. Republican lawmakers who oppose heavily subsidized green energy and commercial fishermen who see the industry […]
Biden Celebrates Offshore Wind ‘Progress’ Despite Industry’s Major Struggles, Cancellations
President Joe Biden on Thursday touted the “progress” made in offshore wind during his term, even as the industry struggles considerably with rising inflation and interest rates. Biden: Official Statement Biden on Thursday celebrated his administration's 10th offshore wind development approval, touting policies to encourage developers to build new projects — but made no mention […]
Biden-Subsidized Offshore Wind Developer Reports Massive Losses In Latest Blow To Industry
The Danish renewable energy group posted a huge impairment loss on Thursday in its first-half 2024 results after postponing the launch of one of its US offshore wind projects. Orsted estimates that asset values ​​will decline by $472 million in the first half of 2024, driven primarily by delays to the onshore substation for its […]
Blue State Doubles Down On Offshore Wind After 2023’s Massive Failure
New Jersey is starting new offshore wind projects after two major developments effectively failed in 2023. Months after Orsted, one of the world's largest offshore wind developers, canceled plans for two large projects off the coast of New Jersey, the state's power regulator announced Wednesday that Two major contracts have been greenlit to reinvigorate the […]
House Passes Amendment That Would Force Biden To Confirm Offshore Wind Doesn’t Interfere With Aviation
The House of Representatives on Thursday passed an amendment that would force President Joe Biden to certify that offshore wind development will not interfere with civil or military aviation. Written by Republican Rep. Chris Smith of New Jersey. fixThe bill would require Biden or a designee to verify that offshore wind development “does not weaken, […]
Biden Announces First Offshore Wind Lease In Gulf Of Mexico
President Joe Biden is set to announce the first offshore wind lease sale in the Gulf of Mexico on Thursday afternoon at an event that will push the administration’s economic agenda, according to the White House. The lease will span three areas, one approximately 100,000 acres offshore Lake Charles, Louisiana and the other two areas […]
Biden Admin Greenlights ‘Massive’ New Jersey Offshore Wind Project Despite Rising Costs
The Biden administration on Wednesday approved a large offshore wind project off the coast of New Jersey, despite the high cost of the technology. Subsidized offshore wind prices have risen an estimated 48% since 2021, according to Bloomberg. “Not only will large-scale industrialized offshore wind projects in New Jersey have significant environmental, navigational, economic, and […]
Massive Offshore Wind Project Gets Underway After Getting Permission To ‘Take’ Endangered Whales
A large offshore wind project off Martha’s Vineyard will kill thousands of whales, including dozens of endangered species act (ESA) protected whales and up to 20 endangered North Atlantic right whales. Acquired an “acquisition” permit permitting the accidental killing of marine mammals. Federal regulations allow the issuance of permits to capture marine life as long […]
Supreme Court upholds California offshore fracking ban
Oil gas: The U.S. Supreme Court denied the oil and gas industry’s request. Consider lower court rulings banning hydraulic fracturing A fracking ban is maintained in federal waters off California. (The Hill) again: • Navajo leaders criticize Biden administration ban oil and gas leasing He claimed it could affect tribal mineral rights around New Mexico’s […]
