Costs Are Creating Headwinds for Wind Energy

May 24, 2023--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Against a backdrop of prohibitive costs and cancellations, the U.S. government gave tacit consent to a proposed windfarm off the coast of New Jersey that could power nearly half a million homes.

The Bureau of Ocean Energy Management (BOEM) completed an environmental review of a wind farm proposed by Ocean Wind LLC for a 98-turbine facility that would be positioned about 13 nautical miles off the coast of Atlantic City.

Companies featured: Equinor (NYSE:EQNR), Avangrid Incorporated (NYSE:AGR)