EDF Renewables North America’s Post

Long-awaited news giving a major boost to the global #floatingwind sector as the U.S. Department of the Interior fires starter's pistol on #offshorewind lease sales for eight swaths of #GulfofMaine off #Massachusetts, #NewHampshire and #Maine - 13GW of #cleanenergy if fully developed, equal to #power to over 4.5m American homes! https://lnkd.in/eQ7Z7Na8 American Clean Power Association (ACP) American Council on Renewable Energy (ACORE) Oceantic Network WORLD FORUM OFFSHORE WIND (WFO) MAINE RENEWABLE ENERGY ASSOCIATION University of Maine AFloat - American Floating Offshore Wind Technical Summit Coalition for a New England - Maritimes Offshore Energy Corridor #offshoreenergy #oceanindustries #energytransition #industrialrevolution #newnorthatlantic #decarbonization

The U.S. will fall short of the Biden administration’s 2030 offshore wind goal but is likely to catch up in the following years, according to an analysis by the industry group American Clean Power Association (ACP). Soaring material costs, high interest rates, and supply chain hiccups have led several offshore wind companies in the past year to seek to renegotiate contracts or in some cases, cancel planned projects, casting doubt on the industry’s ability to meet the goal. Read more about the U.S. energy transition here. https://lnkd.in/gbWgQcr2 #WindPower #EnergyTransition #NetZero #BidenAdministration #ChiefSustainabilityOfficer

With so much focus on the Energy Transition in Asia, it's easy to overlook the quiet but growing improvements in the US energy composition. Earlier this year the first utility-scale offshore wind farm, South Fork, came online generating 132 MW of energy offshore of New York. More commercial-scale wind farms in are in the plans, off all major coastlines (Atlantic, Pacific, and Gulf Coasts). Being a native Michigander, personally I do hope to see similar brought to our state, with the 4th longest coastline in the US, there are areas of the Lake Michigan coast which may be suited to wind power. And diversification of energy sources is key to a just energy transition. #energytransition #offshorewind #sustainability https://lnkd.in/gCgdN_Ck

🚨 Exciting News for the Offshore Wind Industry in the Gulf of Maine! 🌊🌬️ Last week the U.S. Department of the Interior through its Bureau of Ocean Energy Management announced an offshore wind lease sale on October 29, 2024, covering eight areas off the coasts of Massachusetts, New Hampshire, and Maine! This could generate up to 13 gigawatts of clean energy, enough to power more than 4.5 million homes. 🏠⚡ As Coast Line Transfers LLC continues to support the expansion of offshore wind, this latest step solidifies the kickoff of the floating offshore wind industry in the US, a huge milestone toward a clean energy future. These projects not only help fight the climate crisis but also create local jobs and grow opportunities across the US maritime industry. 🚢💼 CLT remains committed to supporting the industry's success through our reliable and sustainable marine services. We’re excited about the positive impact this will have on the local economy, the environment, and generations to come. 🌱⚓ Let’s work together for a brighter, greener future! 🌍 #OffshoreWind #CleanEnergy #SustainableFuture #LocalOpportunities #MaritimeInnovation #CLT

These approvals come as the costs spiral upward, interest rates rise, and supply chain bottlenecks grow, offshore wind projects are facing challenges that have forced some to pivot or cancel their plans and Federal approval is still required for both projects by the Bureau of Ocean Energy Management (BOEM) #seetheopportunityineverydifficulty #offshorewind #renewableenergy #utilities #transmission https://lnkd.in/e4MiQVmM

🌬️ New England Embraces Wind Energy with a Surge in Wind Power Projects 🌬️ 💨 Dive into the significant momentum behind wind energy projects in New England, marking a pivotal shift towards renewable energy in the region. This article explores the array of wind power initiatives, both offshore and onshore, aimed at harnessing New England's substantial wind resources to meet growing energy demands sustainably. Learn about the strategic importance of these projects in achieving environmental targets, reducing dependency on fossil fuels, and fostering economic growth through green job creation. Discover the challenges and opportunities presented by the expansion of wind energy, including community engagement, technological advancements, and integration into the existing power grid. New England's wind projects signify a commitment to a cleaner, more resilient energy future. 🌍⚡ 👉 Read the full article on Highways Today: https://lnkd.in/eZ2_JR3E #WindEnergy #NewEngland #Construction #RenewableEnergyProjects #HighwaysToday #SustainableDevelopment #OffshoreWind #GreenEconomy

Is New York on track to meet its ambitious #offshorewind power goals? With eight contracts secured but challenges in port infrastructure investment, the journey to harness wind energy is complex. Check out this City Limits article on how New York plans to generate renewable energy from the Atlantic Ocean, the obstacles faced, and the hopeful strides made in the industry. 🌬️ Read more here: https://lnkd.in/eywHmskX

Last week, South Fork Wind, America’s first commercial-scale offshore wind energy project in federal waters, was completed and is now delivering its reliable power to 70,000 homes and businesses. What's next to look forward to? Read Turn Forward’s new blog to learn about other upcoming #OffshoreWind milestones and the environmental, economic, and community benefits of this critical clean energy source. https://buff.ly/4csfk1W

🌬️ Reflecting on New York's Offshore Wind Journey 🚢 This recent City Limits article offers a thoughtful recap of New York's offshore wind power status and where it is headed in 2024. Seeing NYSERDA and New York City Economic Development Corporation's ambition and progress toward deploying its offshore wind goals has been impressive in the face of the many headwinds the industry faces in the US and globally. At Coast Line Transfers LLC we're hopeful that the next tranche of projects will bring stability to the supply chain, propelling the industry forward. As we continue to support these clean energy initiatives, we're very optimistic about the transformative potential of offshore wind! #OffshoreWind #RenewableEnergy #NewYork #SustainableDevelopment #CLT

Malcolm - Does this mean that the energy suppliers have captured the costs required to fully integrate their energy into the Grid, which heretofore they have not, by only providing unschedulable generation? Being able to deliver dispatchable/firm generation, mostly carbon free, would be an advantage for reducing carbon while: - leveling the playing field with other technologies - capturing all their true operating costs - identifying their accurate marginal costs - maintaining Grid reliability & resiliency This seems like a reasonable approach, fully anchored in core engineering and economic principles. Not requiring Variable Energy Resources (VERs) to be accountable for their true operating costs means those costs are being subsidized by the system. This creates two issues at minimum: 1. These costs are not being aligned with their revenue (with corresponding major accounting impacts), and 2. The benefits associated with their ongoing subsidies, as measured by both carbon reduction and cost reduction bases, are unknown. It appears rate payers are not receiving any benefit - or at minimum, it would be very difficult to identify. This is born out by increasing electric rates in Texas and California.