Current:Home > FinanceA Second Wind For Wind Power? -Excel Money Vision
A Second Wind For Wind Power?
View
Date:2025-04-15 10:00:29
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! (38733)
Related
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Paper Hat
- TikToker Eva Evans, Creator of Club Rat Series, Dead at 29
- Carnie Wilson says Beach Boys father Brian Wilson warned her about music industry 'sharks'
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- Qschaincoin Review
- Biden signs bill reauthorizing contentious FISA surveillance program
- No Black WNBA players have a signature shoe. Here's why that's a gigantic problem.
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Why Mike Tyson is a 'unicorn' according to ex-bodybuilder who trained former heavyweight champ
Ranking
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Report urges fixes to online child exploitation CyberTipline before AI makes it worse
- The Best Reef-Safe & Reef-Friendly Sunscreens to Protect Your Skin & the Environment
- Rep. Tom Cole says the reservoir of goodwill is enormous for House Speaker amid effort to oust him
- Trump issues order to ban transgender troops from serving openly in the military
- The Lyrids are here: How and when to see the meteor shower peak in 2024
- Maps show states where weed is legal for recreational, medical use in 2024
- How Qschaincoin Compares to Other Cryptocurrency Companies
Recommendation
Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
With ugly start, the Houston Astros' AL dynasty is in danger. But they know 'how to fight back'
Stock market today: Asian shares shrug off Wall St blues as China leaves lending rate unchanged
Kenya defense chief among 10 officers killed in military helicopter crash; 2 survive
Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
Suspect arrested after breaking into Los Angeles Mayor Karen Bass' home while occupied
3 passive income streams that could set you up for a glorious retirement
Nike plans to lay off 740 employees at its Oregon headquarters before end of June