Offshore Wind Power
The addition of 3,500 MW of offshore wind capacity would have reduced ISO-NE energy market costs by about $400 million over the past winter, according to a recent study by Daymark Energy Advisors.
ISO-NE warned any significant delay of the Revolution Wind project will increase risk to the reliability of the New England grid and undermine the region’s economy.
The Trump administration has slapped Ørsted with a stop-work order on Revolution Wind, a 704-MW project off the New England coast that is 80% complete.
The work was designed to help connect the New Jersey offshore wind projects to the grid.
The Massachusetts Department of Energy Resources will delay its next offshore wind solicitation until “at least 2026” due to uncertainty around federal permitting, tax credits and tariffs.
Ørsted is moving to raise as much as $9.33 billion on its own to finish building the Sunrise Wind project off the New York coast.
The Department of the Interior has launched an overhaul of all regulations pertaining to wind generation in U.S. waters.
The Trump administration has taken further steps to thwart renewable energy development, adding new directives limiting wind and solar development on federal land and at sea.
Dominion Energy reported demand growth from data centers in its territory and that its CVOW offshore wind project was more than halfway complete on its second quarter earnings call.
The Department of the Interior on July 29 announced a four-pronged review that continues the president’s efforts to limit some types of renewable energy.
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