The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
the staff of the Ridgewood blog
Ocean City, NJ, in a groundbreaking study published yesterday, researchers revealed that the voice boxes of baleen whales have developed a unique set of structures for communicating underwater. This discovery solves a mystery that has perplexed scientists for the past 50 years ever since the first recordings of baleen whale songs were made in 1967.
the staff of the Ridgewood blog
Atlantic City NJ, The New Jersey Board of Public Utilities (NJBPU) today awarded a combined 3,742 MW of offshore wind capacity to Invenergy and energyRE’s Leading Light Wind Project and Attentive Energy LLC’s Attentive Energy Two Project, advancing the State’s progress toward a 100% clean energy economy by 2035.
Continue reading NJBPU Approves Over 3,700 MW of New Offshore Wind Capacity
the staff of the Ridgewood blog
Ocean City NJ, President Biden’s Green New Deal faced a significant setback as developers of a large offshore wind project in New York withdrew from a deal with the state. Approximately 30% of current wind projects are at risk of delays or cancellations. Since July, projects in Massachusetts, New Jersey, and Connecticut have been put on hold. The withdrawal of BP and Equinox from the New York project adds to the challenges facing offshore wind initiatives. While there may be attempts to revive the projects, this setback contributes to the offshore wind sector’s recent struggles. Notably, two other major projects, Empire Wind 1 and Beacon Wind, are facing financial difficulties, although they haven’t been officially canceled yet. The much-touted “green energy transition” appears to be encountering significant challenges.
the staff of the Ridgewood blog
Wood-Ridge NJ, Senator Paul Sarlo, the chairman of the Senate Budget Committee, issued the following statement on Orsted’s plan to abandon its agreement to construct the Ocean Wind 1 and 2 wind farms:
the staff of the Ridgewood blog
Ocean City NJ, a group of 11 grassroots groups representing coastal waters and communities against the industrialization of the Atlantic Ocean through Offshore Wind Turbine development welcome the announcement by Danish energy conglomerate Orsted that it was abandoning development on its Ocean Wind 1 and Ocean Wind 2 offshore wind projects along the Jersey Shore. The announcement marks an important milestone in the coalition’s ongoing fight against offshore wind industrialization along the East Coast.
Continue reading 11 Coastal Groups Welcome Orsted’s Abandonment of Ocean Wind 1 & Ocean Wind 2
the staff of the Ridgewood blog
Following decisions of its Board of Directors, Ørsted will cease development of the Ocean Wind 1 and 2 projects and has taken final investment decision on the Revolution Wind project. The decisions are part of an ongoing review of Ørsted’s US offshore wind portfolio.
the staff of the Ridgewood blog
Atlantic City NJ, thanks to supply chain blockages, the price of wind turbines has increased 40 percent over the last two years, and the industry is now saying it needs even more billions of tax dollars to survive.
Continue reading Are Wind Mills the Worst Federal “Investment” in History?
the staff of the Ridgewood blog
Atlantic City NJ, after a female Pygmy whale stranded itself on a beach on LBI Tuesday morning, the 14th on the Jersey Shore since December. A NJBIZ survey found that just over half of residents (54%) are in favor of developing wind farms off the state’s coast versus 40% who oppose them. That’s a stark plunge in support from a 2019 Monmouth poll on this topic, when favorability stood at 76% with just 15% opposed. From 2008 to 2011, that support was more than 80%.
Continue reading Support for Wind Farms off the Jersey Shore Continues to Decline
the staff of the Ridgewood blog
Atlantic City NJ, on August 17th Republican Senate Leader, Senator Anthony M. Bucco blasted Democrats for approving a $1 billion bailout of foreign wind developer, Orsted, after a press release from the company indicated strong first half profits in their offshore wind business.
Continue reading More NJ Taxpayer Bailouts For Wind Energy Company Orsted?
the staff of the Ridgewood blog
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
the staff of the Ridgewood blog
Atlantic City NJ, sonar mapping associated with building offshore wind turbines may have led to an unprecedented number of dead whales landing on local beaches in recent months. While the Murphy administration refuses to investigate and denies the connection.
the staff of the Ridgewood blog
Trenton NJ, Republican Senate Leader, Senator Anthony M. Bucco blasted Democrats for approving a $1 billion bailout of foreign wind developer, Orsted, after a press release from the company indicated strong first half profits in their offshore wind business.
Continue reading All Eyes On Trenton Democrats After Orsted $1 billion NJ Taxpayer Bailout
the staff of the Ridgewood blog
Atlantic City NJ, , Denmark’s Orsted (ORSTED.CO), the world’s No. 1 offshore wind farm developer, on Thursday reported second-quarter operating profit below expectations and confirmed its full-year guidance. Second-quarter earnings before interest, tax, depreciation and amortisation (EBITDA) excluding new partnerships fell 8% from a year earlier to 3.32 billion Danish crowns ($489.56 million), compared with the 3.85 billion expected by analysts in a Refinitiv poll. Orsted kept its 2023 forecast for EBITDA excluding new partnerships unchanged at between 20 billion and 23 billion crowns.”However, compared to the guidance provided in our annual report for 2022, we now expect higher earnings in Offshore than initially announced,” Chief Executive Mads Nipper said in a statement. ($1 = 6.7816 Danish crowns)
Continue reading New Jersey’s Offshore Wind Farm Developer Misses Earnings Expectations
the staff of the Ridgewood blog
Ridgewood NJ, with the election just around the corner, Senate President Nick Scutari and Assembly Speaker Craig Coughlin are now questioning “the costs and impacts of offshore wind projects”, breaking with Governor Murphy who is moving full speed ahead to implement his extreme energy plan in the Garden State.
Continue reading Election Year Pushes Democrats in Trenton to Pretend Concern for Marine Wildlife
photos courtesy of the Protect Our Coast – NJ Community Group
the staff of the Ridgewood blog
On Saturday July 15th New Jerseyans up and down the coast protested the heavily subsidized wind projects being built up and down the Jersey shore. Protestors joined hands on beaches from Lavallette, Asbury Park, Long Beach Island, Ocean City all the way down to Cape May in a demonstration against off shore wind projects.
Continue reading New Jersey Hands Across the Beaches Protests Hits Jersey Shore
