The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
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Long Branch, NJ, Recently three more deceased right Whales came to rest on area beaches. Two in NY waters and one on the beach in Long Branch, NJ. Bringing the total to 14 whales since January of
this year in our area. The total in all 2022 was 10 according to the Marine Mammal Stranding Center which keeps track of such occurrences.
Continue reading Death Toll Continues to Rise: 3 More Whales Wash Ashore in the Tristate Area
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Berlin, Germany, the German energy giant Siemens Energy scrapped its profit guidance in late June, citing a “substantial increase in failure rates of wind turbine components” at its wind division Siemens Gamesa. Leaving a major loss of confidence by investors in the group’s ability to fix its struggling wind turbine division. Siemens Energy stock plunged by around 37% on June 23, while other wind companies also saw shares retreat as investors worried that the problems at Gamesa might be a symptom of a wider issue for the industry.
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Atlantic City NJ, New Jersey ranks 7th amongst Atlantic coastal states for its technical potential for total offshore wind power but first in the states for current projects in the pipeline, according to a new report released today by Environment New Jersey Research & Policy Center and Frontier Group. The report, Offshore Wind for America, examines U.S. offshore wind potential by both coastal region and by state, while documenting the status of existing projects and technological advances. New Jersey could provide 379% of its 2019 electrical needs and 167% of its 2050 electrical usage with offshore wind alone, according to an analysis using National Renewable Energy Laboratory data. For projections of 2050 electricity demand, the report assumes that U.S. buildings, industry and transportation will all be powered by electricity rather than fossil fuels by mid-century.
Continue reading New Report says NJ Could Meet Entire Electric Demand with Offshore Wind
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TRENTON NJ, The New Jersey Board of Public Utilities (NJBPU) today unanimously granted the state’s first award for offshore wind to Ørsted’s Ocean Wind 1,100 MW project, giving the company the opportunity to build 1,100 MW of offshore wind in federal waters. The 1,100 MW of offshore wind is expected to power roughly 500,000 New Jersey homes and generate $1.17 billion in economic benefits, in addition to creating an estimated 15,000 jobs over the project life.
Continue reading New Jersey Board of Public Utilities Awards Historic 1,100 MW Offshore Wind Solicitation to Ørsted’s Ocean Wind Project
