Offshore Wind
The U.S. Department of Transportation has terminated $679 million in funding commitments for a dozen port and shoreline infrastructure projects planned to serve the offshore wind sector.
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.
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 expedited phaseout of federal tax incentives for renewables threatens projects and jobs across the clean energy industry in New England.
In the wake of the New York Public Service Commission’s decision to cease planning its offshore wind underwater transmission network, NYISO has followed suit, tossing two years of planning studies.
GE Vernova’s gas power and electrification businesses continue to surge amid growing power demand.
Large-scale solar and wind projects are facing growing local resistance along with federal policy changes.
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