Current:Home > StocksA Second Wind For Wind Power? -Aspire Money Growth
A Second Wind For Wind Power?
View
Date:2025-04-24 12:52:06
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! (78347)
Related
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Ben Foster files to divorce Laura Prepon after 6 years, according to reports
- Texas mother sentenced to 50 years for leaving kids in dire conditions as son’s body decomposed
- Panel advises Illinois commemorate its role in helping slaves escape the South
- Former longtime South Carolina congressman John Spratt dies at 82
- Powerball winning numbers for November 11 drawing: Jackpot hits $103 million
- John Krasinski Reveals Wife Emily Blunt's Hilarious Response to His Sexiest Man Alive Title
- Some women are stockpiling Plan B and abortion pills. Here's what experts have to say.
- Global Warming Set the Stage for Los Angeles Fires
- College Football Playoff bracket: Complete playoff picture after latest rankings
Ranking
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Ariana Grande Shares Dad's Emotional Reaction to Using His Last Name in Wicked Credits
- 10 Trendy Bags To Bring to All of Your Holiday Plans
- Hurricane-damaged Tropicana Field can be fixed for about $55M in time for 2026 season, per report
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Charles Hanover: Caution, Bitcoin May Be Entering a Downward Trend!
- Why Officials Believe a Missing Kayaker Faked His Own Death and Ran Off to Europe
- Powerball winning numbers for November 11 drawing: Jackpot hits $103 million
Recommendation
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
Women’s baseball players could soon have a league of their own again
DWTS' Gleb Savchenko Shares Why He Ended Brooks Nader Romance Through Text Message
About Charles Hanover
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
Ex-Duke star Kyle Singler draws concern from basketball world over cryptic Instagram post
13 Skincare Gifts Under $50 That Are Actually Worth It
Charles Hanover: Caution, Bitcoin May Be Entering a Downward Trend!