FILE - The five turbines of America's first offshore wind farm, owned by the Danish company, Orsted, are seen from a tour boat flying the American flag off the coast of Block Island, R.I., Oct. 17, 2022. – The cancellation of two large offshore wind projects in New Jersey is the latest in a series of setbacks for the nascent U.S.
“While macroeconomic headwinds are creating challenges for some projects, momentum remains on the side of an expanding U.S. offshore wind industry — creating good-paying union jobs in manufacturing, shipbuilding and construction,″ while strengthening the power grid and providing new clean energy resources for American families and businesses, the White House said in a statement Thursday.
Offshore wind developers have publicly lamented the global economic gales they’re facing. Molly Morris, president of U.S. offshore wind for the Norwegian company Equinor, said the industry is facing a “perfect storm.” In May, there were 27 U.S. offshore wind projects that had negotiated agreements with states to provide power before the brunt of the cost increases hit, according to Walt Musial, offshore wind chief engineer at the National Renewable Energy Laboratory, an arm of the Energy Department. The delay between signing purchase agreements and getting final approval to build allowed unexpected cost increases to render many projects economically unfeasible, he said.
“The quicker they come online, the quicker our air quality improves,” said Conor Bambrick, director of policy for Environmental Advocates NY.
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