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January 29, 2024
States Strive to Revive U.S. Offshore Wind Industry Amid Economic Hurdles
After a series of setbacks on long-planned projects, offshore wind developers and state energy planners are taking steps to address inflation and supply chain disruptions.
States with big offshore wind ambitions are planning new strategies to recover the industry from economic challenges that have resulted in some major developers seeking to exit or revise their…Read the full report
Key Takeaways
- New Jersey has awarded contracts for two offshore wind projects totaling over 3.7 GW in its third solicitation on the heels of Ørsted’s decision to cancel 2.2 GW of proposed projects.
- New York’s fourth offshore wind solicitation receives six proposals including major developers submitting revised bids.
- Ørsted has withdrawn its contract with Maryland for the 966-MW Skipjack Wind project with plans to reposition the project for future offtake opportunities.
