Current:Home > reviewsA Second Wind For Wind Power? -Mastery Money Tools
A Second Wind For Wind Power?
View
Date:2025-04-23 03:14:16
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! (622)
Related
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Damar Hamlin timeline: How Bills safety recovered from cardiac arrest, became starter
- Shopping on impulse? Most of us make impulse buys. Here's how to stop.
- Damar Hamlin timeline: How Bills safety recovered from cardiac arrest, became starter
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- 'All My Children' alum Susan Lucci, 77, stuns in NYFW debut at Dennis Basso show
- WNBA players deserve better, from fans and their commissioner
- Court could clear the way for Americans to legally bet on US elections
- Trump wants to turn the clock on daylight saving time
- How many VMAs did Taylor Swift win last night? See the singer's full, record-breaking haul
Ranking
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- When Will the EV Sales Slump End? Here’s What the Experts Say
- Kristin Cavallari Shares Why She’s Considering Removing Her Breast Implants
- Campbell wants to say goodbye to the ‘soup’ in its name. It isn’t the first to make such a change
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- 2024 VMAs: Miranda Lambert Gives Glimpse Inside Delicious Romance With Husband Brendan McLoughlin
- Laura Loomer, who promoted a 9/11 conspiracy theory, joins Trump for ceremonies marking the attacks
- Dealers’ paradise? How social media became a storefront for deadly fake pills as families struggle
Recommendation
All That You Wanted to Know About She’s All That
‘Weather Whiplash’ Helped Drive This Year’s California Wildfires
Wreck of French steamship that sunk in 1856 discovered off New England coast
Northern lights may be visible in 17 states: Where to see forecasted auroras in the US
'We're reborn!' Gazans express joy at returning home to north
Francine weakens moving inland from Gulf Coast after hurricane winds cause blackouts
Week 3 college football predictions: Expert picks for every Top 25 game
Remains found in car in Illinois river identified as 2 men who vanished in 1976, coroner says