Tag: wind power

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Connecticut Holds Off on Offshore Wind Decision

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the staff of the Ridgewood blog

Madison CT, What was supposed to be New England’s most ambitious offshore wind project—a groundbreaking collaboration between Connecticut, Massachusetts, and Rhode Island—has hit a snag. The initiative aimed to harness the power of offshore wind to help the region transition to clean, carbon-free energy and combat climate change. But when Massachusetts and Rhode Island announced their selections after the March solicitation, Connecticut was notably absent.

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Charging at Windmills

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“When life itself seems lunatic, who knows where madness lies?”

Don Quixote

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Charging at Windmills: New Jersey Not the Only State Seeing Massive Wind Projects Cancelled

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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.

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New Jersey’s Offshore Wind Farm Developer Misses Earnings Expectations

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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)

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Neptune City Council President to State & Feds – It’s Time to Investigate Whale Deaths

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the staff of the Ridgewood blog

Neptune City NJ, after months without feasible discussions or fact-based investigations launched by the State of New Jersey and/or Federal Government into the staggering whale and dolphin deaths along the Jersey Coast, borough of Neptune City Council President Brian J. Thomas is demanding immediate action:

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NJ State Senator Calls for More Marine Wildlife Oversight

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the staff of the Ridgewood blog

Lakewood NJ, after reports of a ninth dead whale in two months washing up on New Jersey beaches, Senator Robert Singer is calling for more oversight to protect marine wildlife in New Jersey.

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Another Dead Whale Beached on the Jersey Shore

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file photo courtesy of The Marine Mammal Stranding Center

the staff of the Ridgewood blog

Manasquan NJ, another dead whale washed up off the shore of Manasquan, making the incident at least the ninth whale found dead on New York and New Jersey beaches .The Marine Mammal Stranding Center team is on the scene to try to determine what type of whale it was and what caused it to die. Around 20 whales have been found dead in the last few months along the entire East Coast. It has become an environmental concern.

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Polar Vortex Takes Out Green New Deal

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the staff of the Ridgewood blog

Ridgewood NJ, the polar vortex seems to have thrown ice water on Governor Murphy’s promotion of alternative energy .On November 19, 2019 Governor Murphy signed Executive Order #92. This order effectively raised New Jersey’s offshore wind goal from 3,500 megawatts by 2030 to 7,500 megawatts by 2035 – more than double the initial goal. This new goal will deliver clean, renewable energy generation needed to meet the State’s goals of 50% renewable energy by 2030 and 100% clean energy by 2050. A schedule for offshore wind solicitations through 2028 has been developed and can be found here.

Much of the Midwest and mountain states are seeing subzero temperatures and blizzard conditions as the polar vortex sweeps through. As far south as Dallas, the temperatures dipped into the 20s. In parts of Minnesota, temperatures dipped to near their lowest levels in a century. In Texas, the Fort Worth Star-Telegram is warning of “rolling blackouts” due to extreme cold.

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Governor Phil Murphy Charging At Windmills

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the staff of the Ridgewood blog

Trenton NJ,  Governor Phil Murphy today announced the offshore wind solicitation schedule to meet the 7,500 megawatt (MW) offshore wind goal by 2035 and called upon the New Jersey Board of Public Utilities to take all necessary actions to implement the schedule. These projects will deliver the clean, renewable energy generation needed to meet the State’s goals of 50 percent renewable energy by 2030 and a 100 percent clean energy economy by 2050. Reaching 7,500 MW will generate enough electricity to power more than 3.2 million homes and meet fifty percent of the state’s electric power need, while supporting an offshore wind industry that will generate billions of dollars in investments in New Jersey’s future and create thousands of jobs.

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Governor Phil Murphy Continues Charging at Windmills

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Governor Murphy Signs Executive Order to Increase Offshore Wind Goal to 7,500 Megawatts by 2035

the staff of the Ridgewood blog

JERSEY CITY NJ, the Murphy administration continues to promote ideology over reality and like Don Quixote continues to change at imaginary windmills and chase strawman arguments in order to tax every aspect of life in New Jersey .

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Over 400 Businesses Line Up for NJEDA’s Offshore Wind Supply Chain Registry

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the staff of the Ridgewood blog

Atlantic City NJ, Illustrating a strong appetite for the Garden State’s expanding offshore wind industry, the New Jersey Economic Development Authority (NJEDA) today announced that more than 400 businesses have joined the state’s Offshore Wind Supply Chain Registry since it launched less than five months ago.

The NJEDA, through its Office of Economic Transformation (OET), has been working closely with the Board of Public Utilities (NJBPU) and other agencies on the Offshore Wind Task Force to expand New Jersey’s offshore wind industry. A consistent piece of feedback throughout this process has been a desire for a comprehensive list of New Jersey-based companies that established offshore wind companies can partner with or purchase from as they advance projects in the state.

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New Jersey Still Chasing Windmills

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the staff of the Ridgewood blog

TRENTON NJ, The Board of Public Utilities today released a report detailing the progress made toward the state’s offshore wind goals in the year since Governor Murphy signed Executive Order No. 8 directing the New Jersey Board of Public Utilities (NJBPU) to fully implement the Offshore Wind Economic Development Act (OWEDA).

“We have gone from having no program on the day the Governor was inaugurated 55 weeks ago to developing a cutting edge offshore wind program with a goal of 3,500 MW of offshore wind energy by 2030,” NJBPU President Joseph L. Fiordaliso. “Offshore wind is a key aspect of the Governor’s clean energy initiatives as we put in place policies aimed at combatting the effects of climate change.”

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