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But even with emerging cost risks, New York's latest wind procurement that seeks up to 4.6 GW attracted a record 100 proposals from six wind developers, including one that awarded Skanska USA on Feb. 7 a CM contract for a planned $250M assembly hub at a Brooklyn marine terminal.
Dominion's 2.6-GW project off Virginia Beach and Orsted's 1-GW Sunrise Wind project off Long Island gain initial federal environmental reviews—with a key state green light also granted to the former—as onshore port hubs struggle to keep pace to support developing construction needs.
Developers Orsted and Shell-EDF will build projects totaling 2,568 MW and boost supply chains, but onshore grid connections remain logistical and political challenge
With COVID-19 economic slowdowns, and the resulting drop in demand for oil, gas and electricity, the outlook for traditional energy sector growth and capital investment is dim, if not outright grim.
NIMBY concerns about a preferred landing site for a 130-MW offshore wind farm on Long Island’s South Fork have emerged as the project moves through early approval for its cable installation routes.