The first completed utility-scale offshore wind energy project in the state, and the U.S., provides clean power to Long Island through a local grid link.
US auction of first Atlantic Ocean floating wind project sites gains buyers, but market players show caution in facing impact of changed political support
Also—China propelled global tension over growing size of its offshore wind turbines with the late August launch of a 20-MW capacity model in Hainan near Vietnam announced by domestic producer Mingyang Wind Power Group Ltd.
and the firm's plan to build a factory in Italy.
Massachusetts will take all but 200 MW of the 2.87-GW procurement, with the rest to Rhode Island, but bidders were wary, submitting for well under the 6.8-GW offered by the two states—and Connecticut failed to seek any capacity.
Second state marshaling port would propel growth of the market as it recovers from financial woes and the July accident that suspended work at the $3-billion Vineyard Wind site.
US Energy Dept. officials selected 20 projects to receive financial support under the Transmission Siting and Economic Development Grant Program created by the Inflation Reduction Act.
UPDATE: Blade break was due to plant manufacturing error—not design, GE Vernova CEO said. As incident probes and cleanup of floating debris and fiberglass shards continue near the 806-MW, $3B Vineyard Wind project, market signs show offshore wind sector still has growth momentum.
New York officials have finalized new power purchase deals with developers Equinor and Orsted for respective 810-MW and 924-MW projects, while two land-based support hubs valued at about $1B achieve milestones and New Jersey accelerates its next wind procurement to start in mid-2025.