Current:Home > ContactRekubit-A Second Wind For Wind Power? -Blueprint Wealth Network
Rekubit-A Second Wind For Wind Power?
Algosensey Quantitative Think Tank Center View
Date:2025-04-10 02:50:53
About two years ago,Rekubit 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! (28932)
Related
- Average rate on 30
- Putin questions Olympic rules for neutral Russian athletes at Paris Games
- Whoopi Goldberg receives standing ovation from 'The Color Purple' cast on 'The View': Watch
- From frontline pitchers to warm bodies, a look at every MLB team's biggest need
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- The Shohei Ohani effect: Jersey sales, ticket prices soar after signing coveted free agent
- Why is Draymond Green suspended indefinitely? His reckless ways pushed NBA to its breaking point
- Austrian court acquits Blackwater founder and 4 others over export of modified crop-spraying planes
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Luke Combs responds to copyright lawsuit ordering woman who sold 18 tumblers pay him $250K
Ranking
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- University of Arizona announces financial recovery plan to address its $240M budget shortfall
- Bachelor Nation's Shawn Booth Welcomes First Baby With Dre Joseph
- Missile fired from rebel-controlled Yemen misses a container ship in Bab el-Mandeb Strait
- What to watch: O Jolie night
- Amazon won’t have to pay hundreds of millions in back taxes after winning EU case
- Busy Philipps' 15-Year-Old Birdie Has Terrifying Seizure at School in Sweden
- Big pharmacies could give your prescription info to cops without a warrant, Congress finds
Recommendation
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
Discovery inside unearthed bottle would’ve shocked the scientist who buried it in 1879
Far-right Polish lawmaker Grzegorz Braun douses menorah in parliament
Promising new gene therapies for sickle cell are out of reach in countries where they’re needed most
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
Dow hits record high as investors cheer Fed outlook on interest rates
Gia Giudice Reveals Whether She's Officially Becoming a Real Housewife Like Mom Teresa
Buster Posey says San Francisco's perceived crime, drug problems an issue for free agents