Current:Home > MarketsA Second Wind For Wind Power? -Golden Horizon Investments
A Second Wind For Wind Power?
View
Date:2025-04-15 14:45:11
About two years ago, New Jersey's Democratic Governor Phil said that the state would be partnering with the Danish company Orsted, the largest developer of offshore wind projects in the world.
The company had agreed to build Ocean Wind 1, the state's first offshore wind farm, powering half a million homes and creating thousands of jobs in the process.
The following year, Orsted inked another deal with the state for Ocean Wind 2, a second offshore wind farm with similar capacity. After years of review, the projects were approved in summer 2023. Construction of the first turbines was slated to begin in the fall.
And then Orsted backed out, cancelling the contracts full stop.
Despite the setbacks, Murphy is still all-in on wind. A month after Orsted dropped out, Murphy directed the state's Board of Public Utilities to seek new bids from offshore wind developers. And the state just approved two new offshore wind contracts.
After several setbacks, could this mean a second wind for offshore wind?
For sponsor-free episodes of Consider This, sign up for Consider This+ via Apple Podcasts or at plus.npr.org.
Email us at considerthis@npr.org.
The episode was produced by Avery Keatley. It was edited by Sadie Babits and Courtney Dorning. Our executive producer is Sami Yenigun.
veryGood! (5182)
Related
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Major League Baseball scraps criticized All-Star Game uniforms and goes back to team jerseys
- Repair and Prevent Hair Damage With Our Picks From Oribe, Olaplex, & More
- Helene death toll climbs to 90 | The Excerpt
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Criminals set up fake online pharmacies to sell deadly counterfeit pills, prosecutors say
- West Virginia lawmakers delay taking up income tax cut and approve brain research funds
- Biden plans survey of devastation in North Carolina as Helene’s death toll tops 130
- Senate begins final push to expand Social Security benefits for millions of people
- Trump slams US response to Helene, even as supporters urge cutbacks to federal disaster agencies
Ranking
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Nobody Wants This Creator Erin Foster Reveals Heartwarming True Story That Inspired the Netflix Series
- Angelina Jolie was 'scared' to sing opera, trained 7 months for 'Maria'
- Ariana Grande Claps Back at the Discourse Around Her Voice, Cites Difference for Male Actors
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Madelyn Cline Briefly Addresses Relationships With Pete Davidson and Chase Stokes
- Barbra Streisand, Dolly Parton, Martin Scorsese and more stars pay tribute to Kris Kristofferson
- Braves host Mets in doubleheader to determine last two NL playoff teams
Recommendation
Intel's stock did something it hasn't done since 2022
Former Tennessee Gov. Winfield Dunn, who left dentistry to win as a first-time candidate, dies at 97
Conyers fire: Shelter-in-place still in effect after chemical fire at pool cleaning plant
Hall of Fame center Dikembe Mutombo dies of brain cancer at 58
Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
‘Sing Sing’ actor exonerated of murder after nearly 24 years in prison
Judge strikes down Georgia ban on abortions, allowing them to resume beyond 6 weeks into pregnancy
Queer women rule pop, at All Things Go and in the current cultural zeitgeist