What’s going on with offshore wind projects in New England?

The offshore wind market in North America has attracted global developers and equity partners as state and federal policies finally align to encourage investment in domestic clean energy. But at the same time, developers face challenges as inflation, supply chain bottlenecks, the high cost of materials, competition for vessels and ports, and workforce shortages threaten to slow progress. Park City Wind is proposed by Avangrid Renewables. It has contracted to provide 804 megawatts of capacity to Connecticut. The project would be staged from Salem, Massachusetts. The offshore wind port is being developed by Crowley Maritime, with its administrative office in Providence. Revolution Wind II is proposed by Ørsted and Eversource. The 884-megawatt project could serve Rhode Island if it gains a utility contract. Ørsted plans to stage all of its New England projects from the Connecticut State Pier in New London. Citing an industry report and government data, Ørsted says switching from coal-fired generation to wind power can reduce the carbon emitted from energy production by more than 99%.

https://www.bizjournals.com/rhodeisland/news/2023/07/21/offshore-wind-explainer-new-england.html

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