Offshore Wind Power
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Commercial fishing advocates are asking the nation’s highest court to rule that federal regulators improperly authorized construction of Vineyard Wind 1 off the Massachusetts coast.
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FERC approved a guarantee for National Grid to recoup all prudently incurred costs for the company’s portion of the Power Up New England transmission project if the project is terminated due to factors outside the company’s control.
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Uncertainty around federal funding, permitting approvals and tariffs is creating major challenges for clean energy development in the Northeast, industry representatives said at NECA’s annual Renewable Energy Conference.
American Clean Power Association
A record 49 GW of clean energy generation came online in 2024 in the U.S., nearly 33% more than in 2023, the American Clean Power Association reported.
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Facing a 40% hike in electricity demand by 2030, New Jersey needs to rapidly craft a plan on how to boost generation and develop its transmission and distribution system, speakers at a conference on the state’s energy future said.
Rystad Energy
Rystad Energy expects capacity additions to reach 19 GW and expenditures to reach $80 billion — substantially more than the roughly 8 GW and 10 GW seen in 2024 and 2023, respectively.
SouthCoast Wind Energy LLC
Another mature offshore wind project is facing financial write-downs and a potential yearslong delay in the wake of the Trump administration’s moves to shut the sector down.
PSEG
Public Service Enterprise Group saw an “over-12-fold” increase in mature leads and inquiries from customers exploring “large load and data center projects” over the past year, CEO Ralph LaRossa said in the utility’s fourth-quarter earnings call.
EIA
The U.S. Energy Information Administration projects 2025 additions of 32.5 GW of solar, 18.2 GW of storage, 7.7 GW of wind, 4.4 GW of gas and 0.2 GW of all other forms of generation.
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A report released in February by Aurora Energy Research has found that President Donald Trump’s executive orders have put 43 GW of East Coast offshore wind projects at risk of permitting delay.
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