Your Source for Global Energy Developments and Analysis
The New Jersey Board of Public Utilities (NJBPU) announced that its third solicitation with a capacity target of 1,200 megawatts for New Jersey’s offshore wind (OSW) development will now be released by January 2023, instead of the previously announced September 2022 date, to account for its ongoing transmission-planning efforts.
NJBPU’s updated timeline takes into consideration…
In its recently released 76-page report, required under President Biden’s Executive Order 14017, “America’s Supply Chains,” the US Department of Energy (DOE) finds that “[t]he opportunity for US global leadership on clean energy is enormous” but the related “challenges are immense” and relate to:
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Allocations of $615 million in funds for electric vehicle (EV) infrastructure in the US under the National Electric Vehicle Infrastructure Formula Program moved forward with recent publications from the US Department of Transportation (DOT). The funds will be allocated on a state-by-state basis—with some receiving far more than others—but the first step will be for…
From February 23–25, 2022, the Bureau of Ocean Energy Management (BOEM) held a competitive auction for six lease areas in the New York Bight area off the coast of New York and New Jersey. After the first day of the auction, it was already the biggest offshore wind lease sale in the United States with…
Offshore wind is an energy generation source that has seen explosive global growth over the past decade. The offshore wind industry in the US has been developing at a more measured pace but had a landmark year in 2021, and we expect the same for 2022. Our Year in Review highlights the major US offshore…
On February 1, 2022, Louisiana Governor John Bel Edwards’ Climate Initiatives Task Force submitted its 177-page Climate Action Plan, which proposes a goal of 5 gigawatts (GW) of offshore wind (OSW) power generation by 2035 and notes that:
[T]his goal requires strategic collaboration across Louisiana state agencies and the federal government, transmission planning agencies, energy…
On January 12, 2022, the Bureau of Ocean Energy Management (BOEM) announced that it will hold a competitive auction for six lease areas (totaling roughly 488,000 acres) in the New York Bight area, which is off the coast of New York and New Jersey. Twenty-five bidders are eligible to participate, which is up from the…
On January 5, 2022, as part of the 2022 State of the State, New York Governor Kathy Hochul announced new investments and a plan to advance offshore wind energy development off the coast of New York. Governor Hochul announced that the state will make a $500 million investment to support ports, manufacturing and supply chain…
U.S. offshore wind energy planning and development is front and center and accelerating at light speed. The Biden Administration announced a commitment to create 30 gigawatts of electricity via U.S. offshore wind by 2030. Congress provided a boost to offshore wind development late last year with a 30 percent investment tax credit to projects that…
On Friday, December 17, 2021, Massachusetts and Maryland selected a total of four offshore wind projects in their latest solicitation rounds to bring an additional 3.2 GW of new offshore wind capacity to the states.
Maryland
The Maryland Public Service Commission (Commission) awarded offshore renewable energy credits to two developers planning to expand offshore wind…
