Current:Home > MyA Second Wind For Wind Power? -FinanceMind
A Second Wind For Wind Power?
View
Date:2025-04-14 19:03:23
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! (586)
Related
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Britney Spears' Dad Jamie Spears Hospitalized With Bacterial Infection
- The Danger Upstream: In Disposing Coal Ash, One of These States is Not Like the Others
- Biden administration to extend border wall touted by Trump: 5 Things podcast
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Man charged in connection with alleged plot to kidnap British TV host Holly Willoughby
- What's plaguing Paris and why are Catholics gathering in Rome? Find out in the quiz
- Philippines protests after a Chinese coast guard ship nearly collides with a Philippine vessel
- Questlove charts 50 years of SNL musical hits (and misses)
- The job market was stunningly strong in September
Ranking
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Puerto Rican man who bred dogs for illegal fighting for decades sentenced to 7 years in prison
- Security questions swirl at the Wisconsin Capitol after armed man sought governor twice in one day
- UK’s opposition Labour Party gets a boost from a special election victory in Scotland
- 2 killed, 3 injured in shooting at makeshift club in Houston
- Fire in Lebanese prison leaves 3 dead and 16 injured
- After a career of cracking cold cases, investigator Paul Holes opens up
- An American tourist is arrested for smashing ancient Roman statues at a museum in Israel
Recommendation
Tom Holland's New Venture Revealed
Zimbabwe announces 100 suspected cholera deaths and imposes restrictions on gatherings
Vermont police launch manhunt for 'armed and dangerous' suspect after woman found dead
U.S. rape suspect Nicholas Alahverdian, who allegedly faked his death, set to be extradited from U.K.
Bodycam footage shows high
Troopers who fatally shot 'Cop City' protester near Atlanta won't face charges
Security questions swirl at the Wisconsin Capitol after armed man sought governor twice in one day
Flying is awful, complaints show. Here's how to make it less so for holiday travel.