Current:Home > StocksA Second Wind For Wind Power? -Legacy Profit Partners
A Second Wind For Wind Power?
View
Date:2025-04-14 21:26:40
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 [email protected].
The episode was produced by Avery Keatley. It was edited by Sadie Babits and Courtney Dorning. Our executive producer is Sami Yenigun.
veryGood! (8)
Related
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- MTV cancels EMAs awards show in Paris, citing Israel-Hamas war
- Too much red meat is linked to a 50% increase in type 2 diabetes risk
- Scorsese centers men and their violence once again in 'Killers of the Flower Moon'
- Rylee Arnold Shares a Long
- Sister Wives' Janelle Brown Reveals If She's Open to Another Plural Marriage After Kody Split
- 1,000-lb. Sisters’ Tammy Slaton Proudly Shares Video in Jeans Amid Weight Loss Journey
- What’s that bar band playing “Jumpin’ Jack Flash”? Oh, it’s the Rolling Stones!
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- A composer's surprising decision to be buried in a mass grave
Ranking
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- DHS and FBI warn of heightened potential for violence amid Israel-Hamas conflict
- Britney Spears Admits to Cheating on Justin Timberlake With Wade Robson
- Soccer Star Ali Krieger Enters Beyoncé Lemonade Era Amid Ashlyn Harris, Sophia Bush Romance
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- $249M in federal grid money for Georgia will boost electric transmission and battery storage
- 61,000 gun safes recalled for security issue after report of 12-year-old child's death
- French presidential couple attend funeral service of teacher slain in school attack
Recommendation
'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
Perfect no more, Rangers suddenly face ALCS test: 'Nobody said it was gonna be easy'
UEFA-sanctioned soccer matches in Israel halted indefinitely amid Israel-Hamas war
Most in the US see Mexico as a partner despite border problems, an AP-NORC/Pearson poll shows
Senate begins final push to expand Social Security benefits for millions of people
After 2022 mistreatment, former Alabama RB Kerry Goode won't return to Neyland Stadium
China is building up its nuclear weapons arsenal faster than previous projections, a US report says
John Stamos opens up about 'shattering' divorce from Rebecca Romijn, childhood sexual assault