Biden's Clean Energy Agenda Faces Mounting Headwinds
Canceled offshore wind projects, imperiled solar factories, and fading demand for electric vehiclesA year after the passage of the largest climate change legislation in U.S. history, meant to touch off a boom in American clean energy development, economic realities are fraying President Joe Biden’s agenda.Soaring financing and materials costs, unreliable supply chains, delayed rulemaking in Washington and sluggish permitting have wrought havoc ranging from offshore wind developer Orsted’s project cancellations in the U.S.
Offshore Wind: US Shipbuilders Answering the Call
It’s a big deal when a U.S. president visits an American shipyard, and these trips always send a message. When President Obama spoke at HII’s Newport News Shipbuilding in 2013, he warned of the consequences of sequestration. President Trump’s 2020 speech at Fincantieri Marinette Marine touted a $5.5 billion naval contract that gave a welcome boost to the Wisconsin shipyard and its supply chain partners. Most recently, President Biden traveled to Philadelphia’s Philly Shipyard…
Biden Attends Steel Cutting for Great Lakes' Subsea Rock Installation Vessel
President Joe Biden traveled to Philadelphia on Thursday to attend a steel cutting ceremony for Great Lakes Dredge & Dock Corporation's new offshore wind rock placement vessel, touting his administration’s clean energy agenda and job creation efforts as the U.S. builds up its offshore wind industry. "The clean energy future we’re building all across America will be transformational,” Biden said during the ceremony at Philly Shipyard. “Thousands of families will rely on good jobs these projects create…
U.S. Looking at Ways to Compensate Fishing Industry for Offshore Wind Impacts
The Biden administration is considering ways to ensure the U.S. commercial fishing industry is paid for any losses it incurs from the planned expansion of offshore wind power in the Atlantic Ocean, according to state and federal officials involved in the matter, [Reuters reported in an exclusive on Thursday.]Discussions between state and federal officials, which participants described as being at a very early stage, are aimed at addressing the top threat to President Joe Biden's…
Ørsted Bids to Build NJ's First Offshore Wind Farm
Danish energy company Ørsted submitted a bid to the New Jersey Board of Public Utilities (NJBPU) to build an offshore wind farm in response to the first offshore wind request for proposal under Gov. Phil Murphy’s clean energy agenda.Ørsted, the global leader in offshore wind energy, has pioneered and refined the approach to developing and constructing offshore wind farms since it launched the world’s first offshore wind farm in 1991.Ørsted owns and operates the Block Island Wind Farm, America’s first offshore wind farm, and has a comprehensive geographic coverage with the largest development capacity, totaling more than 8 gigawatts in seven states.
Long Island Offshore Wind Project: $2.7 to $4.7B
The Long Island–New York City Offshore Wind Collaborative, consisting of Consolidated Edison Company of New York (Con Edison), the Long Island Power Authority (LIPA), and the New York Power Authority (NYPA) filed a lease application with the U.S. Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE). This application furthers Governor Cuomo’s clean energy agenda. Earlier this year, the Governor announced the latest awards under New York's Renewable Portfolio Standard program, providing contracts valued at $191 million to 17 renewable energy projects statewide.
