{"id":298506,"date":"2024-01-27T11:30:50","date_gmt":"2024-01-27T10:30:50","guid":{"rendered":"https:\/\/climatescience.press\/?p=298506"},"modified":"2024-01-27T11:30:53","modified_gmt":"2024-01-27T10:30:53","slug":"blue-state-doubles-down-on-offshore-wind-after-2023s-massive-failure","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=298506","title":{"rendered":"Blue State Doubles Down On Offshore Wind After 2023\u2019s Massive Failure"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From The Daily Caller<\/a><\/p>\n\n\n

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\"\"<\/figure>\n<\/div>\n\n\n

NICK POPE<\/a><\/p>\n\n\n\n

CONTRIBUTOR<\/p>\n\n\n\n

New Jersey is starting new offshore wind projects after two major developments effectively failed in 2023.<\/p>\n\n\n\n

The state\u2019s utility regulators green lit two major contracts on Wednesday in a bid to revitalize the state\u2019s offshore wind dreams, months after\u00a0\u00d8rsted<\/a>\u00a0\u2014 one of the largest offshore wind developers in the world \u2014\u00a0pulled the plug<\/a>\u00a0on two massive projects off the New Jersey coast in October 2023, the New Jersey Board of Public Utilities (NJBPU)\u00a0announced<\/a>\u00a0Wednesday. As of November 2023, New Jersey was engaged in a\u00a0dispute<\/a>\u00a0with the company over $300 million the state says it is owed.<\/p>\n\n\n\n

The two developments selected are Invenergy and energyRE\u2019s Leading Light Wind Project and Attentive Energy LLC\u2019s Attentive Energy Two Project, according to the NJBPU. The state is banking on the projects to eventually supply enough electricity to power 1.8 million homes. (RELATED: Environmental Laws That Impeded Pipelines For Years Could Trip Up Biden\u2019s Sprint Toward Offshore Wind)<\/a><\/strong><\/p>\n\n\n\n

Not much interest in the offshore wind leaseshttps:\/\/t.co\/EeKTqG90vw<\/a><\/p>\n\n\n\n

\u2014 Daily Caller (@DailyCaller) August 30, 2023<\/a><\/p>\n\n\n\n

Inflation, high borrowing costs and logistical problems plagued \u00d8rsted\u2019s projects for months before the company decided it had no other choice but to walk away from its investment. The company previously agreed to pay $200 million to build wind-related facilities in southern New Jersey and set aside $100 million to pay the state in the event it cancelled its projects, but the company was attempting to work its way out of those liabilities as of November 2023.<\/p>\n\n\n\n

The new contracts are designed to insulate against the risks of future cancellations, according to E&E News. The deals include provisions that account for inflationary pressures, while also requiring Attentive to put up a $67 million security and mandating that Leading Light put up its own security of $120 million.<\/p>\n\n\n\n

The newly-contracted projects are also expected to increase utility rates in the state. Residential electricity rates are expected to jump by $6.84 per month, commercial rates would increase by $58.73 per month and monthly industrial rates would rise by $513.22,\u00a0according<\/a>\u00a0to E&E News. One of the two terminated \u00d8rsted contracts would have been about half as expensive for residential ratepayers,\u00a0according<\/a>\u00a0to The New York Times.<\/p>\n\n\n\n

The new contracts are \u201cundeniable proof that the future of offshore wind in New Jersey is as strong as ever,\u201d Democratic New Jersey Gov. Phil Murphy said. \u201cFrom our talented workforce to our growing standing as a regional supply chain hub, our state remains an unparalleled location for the top developers in the world to plant their flags. In addition to bringing good-paying jobs and environmental benefits to the Garden State, these projects will significantly advance our pursuit of a 100% clean energy economy by 2035.\u201d<\/p>\n\n\n\n

Murphy\u2019s office did not respond immediately to a request for comment. The NJBPU referred the Daily Caller News Foundation to its press release and declined to comment further.<\/p>\n\n\n\n

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter\u2019s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact\u00a0licensing@dailycallernewsfoundation.org<\/a>.<\/em><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

New Jersey is starting new offshore wind projects after two major developments effectively failed in 2023.<\/p>\n","protected":false},"author":121246920,"featured_media":298511,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"New Jersey is starting new offshore wind projects after two major developments effectively failed in 2023.","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691826556,691818430,691818301,691819094],"class_list":{"0":"post-298506","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-orsteds-projects","9":"tag-new-jersey","10":"tag-offshore-wind","11":"tag-renewable-green-energy","13":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/01\/zScreenshot-2023-11-03-111148-1024x611-5.webp?fit=1024%2C611&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1fEC","jetpack-related-posts":[{"id":249333,"url":"https:\/\/climatescience.press\/?p=249333","url_meta":{"origin":298506,"position":0},"title":"400,000 Americans Join Effort to Kill Offshore Wind Industry & Save Endangered Whales","author":"uwe.roland.gross","date":"24\/03\/2023","format":false,"excerpt":"America\u2019s offshore wind industry has an almighty whale of a problem.","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/03\/image-995.png?fit=1200%2C674&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/03\/image-995.png?fit=1200%2C674&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/03\/image-995.png?fit=1200%2C674&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/03\/image-995.png?fit=1200%2C674&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/03\/image-995.png?fit=1200%2C674&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":277577,"url":"https:\/\/climatescience.press\/?p=277577","url_meta":{"origin":298506,"position":1},"title":"Support for offshore wind sinks as costs soar","author":"uwe.roland.gross","date":"06\/09\/2023","format":false,"excerpt":"Bad news for the industry is coming in daily, so there is too much to report. Here are just a few samples to give the flavor of the debacle in progress.","rel":"","context":"In \"New Jersey\"","block_context":{"text":"New Jersey","link":"https:\/\/climatescience.press\/?tag=new-jersey"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/image-215.png?fit=1200%2C468&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/image-215.png?fit=1200%2C468&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/image-215.png?fit=1200%2C468&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/image-215.png?fit=1200%2C468&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/image-215.png?fit=1200%2C468&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":286456,"url":"https:\/\/climatescience.press\/?p=286456","url_meta":{"origin":298506,"position":2},"title":"Oersted Cancel Two US Offshore Wind\u00a0Projects","author":"uwe.roland.gross","date":"04\/11\/2023","format":false,"excerpt":"Orsted, the world's largest offshore wind developer, said it would stop developing its 2,248-megawatt (MW) Ocean Wind 1 and 2 projects in New Jersey. Related impairments could amount to as much as 39.4 billion Danish crowns ($5.58 billion). From NOT A LOT OF PEOPLE KNOW THAT By Paul Homewood Another\u2026","rel":"","context":"In \"Denmark\u2019s \u00d8rsted\"","block_context":{"text":"Denmark\u2019s \u00d8rsted","link":"https:\/\/climatescience.press\/?tag=denmarks-orsted"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/0106951538-1633352231704-gettyimages-948490942-_dsc2179.jpeg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/0106951538-1633352231704-gettyimages-948490942-_dsc2179.jpeg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/0106951538-1633352231704-gettyimages-948490942-_dsc2179.jpeg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/0106951538-1633352231704-gettyimages-948490942-_dsc2179.jpeg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/0106951538-1633352231704-gettyimages-948490942-_dsc2179.jpeg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":254485,"url":"https:\/\/climatescience.press\/?p=254485","url_meta":{"origin":298506,"position":3},"title":"NOAA proposes hammering 208% of vanishing Right Whales","author":"uwe.roland.gross","date":"24\/04\/2023","format":false,"excerpt":"Okay it is a trick headline because they can only hammer 100% of the severely endangered North Atlantic Right Whale population. 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(Save LBI),\u00a0a grass-roots organization with more than 10,000 supporters dedicated to sound energy policies and preserving our shore and ocean environment, today urged the New Jersey Legislature to put politics aside and enact meaningful laws that address the mounting energy crisis and reconsider the role\u2026","rel":"","context":"In \"affordable energy\"","block_context":{"text":"affordable energy","link":"https:\/\/climatescience.press\/?tag=affordable-energy"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/09\/0AQMB6_nClR6T_egyPy4uZs4KS7WLx8HbWU9nJxKuEb6adQ6LPZpy_-HtQM7Kbqbs3Oa1aZ4XaOoMJayGZODncU9BTLoglE2mYYUpMYQFUHl5i5-6qPPp4L8uVJL-PjruTm7xjrQv_D7AoH9k3m6xgHUjZngXCw-1.jpeg?fit=1200%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/09\/0AQMB6_nClR6T_egyPy4uZs4KS7WLx8HbWU9nJxKuEb6adQ6LPZpy_-HtQM7Kbqbs3Oa1aZ4XaOoMJayGZODncU9BTLoglE2mYYUpMYQFUHl5i5-6qPPp4L8uVJL-PjruTm7xjrQv_D7AoH9k3m6xgHUjZngXCw-1.jpeg?fit=1200%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/09\/0AQMB6_nClR6T_egyPy4uZs4KS7WLx8HbWU9nJxKuEb6adQ6LPZpy_-HtQM7Kbqbs3Oa1aZ4XaOoMJayGZODncU9BTLoglE2mYYUpMYQFUHl5i5-6qPPp4L8uVJL-PjruTm7xjrQv_D7AoH9k3m6xgHUjZngXCw-1.jpeg?fit=1200%2C1200&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/09\/0AQMB6_nClR6T_egyPy4uZs4KS7WLx8HbWU9nJxKuEb6adQ6LPZpy_-HtQM7Kbqbs3Oa1aZ4XaOoMJayGZODncU9BTLoglE2mYYUpMYQFUHl5i5-6qPPp4L8uVJL-PjruTm7xjrQv_D7AoH9k3m6xgHUjZngXCw-1.jpeg?fit=1200%2C1200&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/09\/0AQMB6_nClR6T_egyPy4uZs4KS7WLx8HbWU9nJxKuEb6adQ6LPZpy_-HtQM7Kbqbs3Oa1aZ4XaOoMJayGZODncU9BTLoglE2mYYUpMYQFUHl5i5-6qPPp4L8uVJL-PjruTm7xjrQv_D7AoH9k3m6xgHUjZngXCw-1.jpeg?fit=1200%2C1200&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":299827,"url":"https:\/\/climatescience.press\/?p=299827","url_meta":{"origin":298506,"position":5},"title":"Offshore wind has a big up and down week","author":"uwe.roland.gross","date":"05\/02\/2024","format":false,"excerpt":"The tumult in US offshore wind development has taken several steps lately, some forward, some not so much. 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