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June 13, 2024

offshore wind renewable energy credits (ORECs)

NREL
Counterflow: Offshore Wind Backbone Transmission
DOE released a study of offshore wind transmission. In no way does this study establish, or even claim, that offshore wind makes economic sense, according to Steve Huntoon.
BOEM
NJ Awards Contracts for 3.7 GW of OSW Projects
The state is moving forward with the Leading Light Wind and Attentive Energy Two projects after the cancellation of Ocean Wind 1 and 2.
Siemens Energy
New York Seeks to Protect Tx Options with Mesh-ready OSW
New York officials, who may double the state's current 9-GW offshore wind target, explained the "mesh-ready" design for a future offshore grid.
BOEM
BOEM to Auction Six New Lease Areas in NY Bight
Increasing its bet on offshore wind, the Biden administration said it will auction six lease areas near New York, enough to site at least 5.6 GW of generation.
NJ EDA
NJ Ramps up Wind Sector Support
New Jersey has set aside $350 million to award corporate tax credits to companies that make major investments in the new offshore wind sector.
Northeast Regional Ocean Council
Maryland Adds 1,600 MW in Offshore Wind
Maryland regulators selected US Wind and Ørsted to build 1,600 MW in offshore wind, bringing the state close to 2,000 MW in total.
Atlantic Shore Wind
New Jersey Shoots for Key East Coast Wind Role
New Jersey hopes its offshore wind early-mover status will allow it to create a robust supply chain infrastructure that will produce jobs.

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