Author Topic: Another blow to the US’ offshore wind ambitions  (Read 273 times)

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Offline rangerrebew

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Another blow to the US’ offshore wind ambitions
« on: August 16, 2024, 06:51:09 am »
Another blow to the US’ offshore wind ambitions
Story by Justine Calma • 16h


Offshore wind energy giant Ørsted is pushing back the start date for Revolution Wind, the project it’s building off the coasts of Rhode Island and Connecticut.

It’s a another setback to the Biden administration’s hopes of sourcing clean energy from new offshore wind farms that have faced a myriad of challenges since the covid-19 pandemic.
 
Revolution Wind is now expected to start running by 2026 instead of next year, Ørsted announced today. The problem lies on land. Ørsted’s partner on the project, Eversource Energy, is building a substation on a former naval station where lingering soil contamination is apparently going to take longer to clear than expected.

“Risk is an integrated part of projects.”
“Risk is an integrated part of projects. The early stage US market is hit harder than anywhere else,” Ørsted CEO Mads Nipper said in a call with reporters.

https://www.msn.com/en-us/money/markets/another-blow-to-the-us-offshore-wind-ambitions/ar-AA1oS4Bp?ocid=msedgdhp&pc=HCTS&cvid=b3a22c76ce104bd38d48078c63816fb0&ei=163
The unity of government which constitutes you one people is also now dear to you. It is justly so, for it is a main pillar in the edifice of your real independence, the support of your tranquility at home, your peace abroad; of your safety; of your prosperity; of that very liberty which you so highly prize. But as it is easy to foresee that, from different causes and from different quarters, much pains will be taken, many artifices employed to weaken in your minds the conviction of this truth.  George Washington - Farewell Address