Innovation and in-state project development will be key to New Jersey’s offshore wind future as the state advances its initiative to create an offshore power center that can connect to homes and businesses onshore, according to speakers at the Wind Institute Research Symposium.

The coordinated offshore wind procurements of Connecticut, Massachusetts and Rhode Island received a total of 5,454 MW in bids from four developers, falling short of the 6,000-MW solicitation cap.

The Bureau of Ocean Energy Management has approved the Sunrise Wind offshore wind farm, a 924-MW project that could power 320,000 New York homes.

The developer of New Jersey’s most advanced offshore wind project is pushing ahead with a second project, as the state prepares to launch a new solicitation that could add as much as 4 GW in capacity.

Eversource finalized its long-running attempt to sell off its offshore wind assets, but not soon enough to avoid a $1.95 billion impairment for 2023.

The world’s leading offshore wind developer announced that it is pulling out of some smaller markets but reiterated its commitment to construction and operation in U.S. waters.

The details released on New York’s potential next wave of offshore wind projects indicate continued efforts to expand the human and industrial infrastructure critical to offshore development.

Ørsted canceled its Skipjack Wind agreement with Maryland but will continue preparations to build the 966-MW offshore wind farm in hopes of securing a better deal.

The churn in New York’s offshore wind industry reached a crescendo Jan. 25, with ownership changes, contract cancellations and new proposals announced.