New efforts to save or replace at-risk projects New York has already approved are even more important after the New Jersey projects evaporated.
President Joe Biden's climate goals are at risk following the collapse of two major wind projects in New Jersey. | Ross D. Franklin/APIn the long-running sibling rivalry between New Jersey and New York, the Garden State finally thought it had the upper hand.
New York has a lot riding on the success of offshore wind too. New efforts to save or replace at-risk projects the state has already approved are even more important after the New Jersey projects evaporated. In 2021, the state approved more projects — a second by Ørsted and a third project known as Atlantic Shores — a deal that was againBut, just two years later, the industry is faltering before fulfilling those big dreams, with canceled projects like New Jersey’s piling up and even more teetering on the edge of failure.— enough power for more than 5 million homes. Nearly two-thirds of that has now been canceled or is at risk.
The rejection at first seemed like a catastrophe for offshore wind, but Hochul immediately stepped in to reassure the industry and, within days, the state issued new contracts with other companies for enough new projects to power three million homes. New York’s energy authority also asked developers for input on a new round of bids for offshore wind that could be issued before the end of the year. This could save some of the at-risk projects — and help the state meet its clean energy goals.
States are also starting to work together in the face of the industry’s challenges. Last month, Connecticut, Massachusetts and Rhode Island announced plans to band together to support regional projects.
“We would like to avoid the interruptions witnessed in the Atlantic coastal states, but we also want to remain vigilant of any additional costs shouldered by rate-payers,” said Maryland Energy Administration Director Paul Pinsky.
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