Current:Home > FinanceA Second Wind For Wind Power? -TradeWisdom
A Second Wind For Wind Power?
View
Date:2025-04-15 23:29:58
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! (5)
Related
- Travis Hunter, the 2
- Save 50% On This Clinique Cleansing Bar, Simplify Your Routine, and Ditch the Single-Use Plastic
- If the missing Titanic sub is found, what's next for the rescue effort?
- Western Europe Can Expect More Heavy Rainfall And Fatal Floods As The Climate Warms
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Wall Street Journal reporter Evan Gershkovich's latest appeal denied by Russia court
- Gas Prices Unlikely To Skyrocket As Oil Companies Assess Hurricane Ida Damage
- Sophie Turner Calls Out Ozempic Weight-Loss Ads
- Tom Holland's New Venture Revealed
- Argentina's junta used a plane to hurl dissident mothers and nuns to their deaths from the sky. Decades later, it returned home from Florida.
Ranking
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- JoJo Siwa Teases New Romance in Message About Her “Happy Feelings”
- Goodbye, Climate Jargon. Hello, Simplicity!
- Tourist filmed carving his fiancée's name onto the Colosseum: A sign of great incivility
- All That You Wanted to Know About She’s All That
- Record-Breaking Flooding In China Has Left Over One Million People Displaced
- Greenland Pummeled By Snow One Month After Its Summit Saw Rain For The First Time
- Boris Johnson Urges World Leaders To Act With Renewed Urgency On Climate Change
Recommendation
'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
Lindsie Chrisley Shares How Dad Todd Chrisley Is Really Adjusting to His Life in Prison
Water's Cheap... Should It Be?
Virgin Galactic launches rocketplane on first commercial sub-orbital flight to space
Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
Emmy Rossum Gives Birth, Privately Welcomes Baby No. 2 With Sam Esmail
Emmy Rossum Gives Birth, Privately Welcomes Baby No. 2 With Sam Esmail
Martha Stewart Reveals What the F She's Really Doing to Get Her Amazing Appearance