Sign In or Create an Account.

By continuing, you agree to the Terms of Service and acknowledge our Privacy Policy

Sparks

It’s Groundhog Day for New York’s Offshore Wind Industry

Equinor and Orsted and Eversource won the new, more expensive contracts.

Wind turbines.
Heatmap Illustration/Getty Images

New York’s offshore wind industry is back, or at least back in contract. Two offshore wind projects, Empire Wind 1 and Sunrise Wind, were awarded, respectively, to developers Equinor and the partnership of Orsted and Eversource. These two projects, which would amount to 1,700 megawatts of capacity in total (enough to power about a million homes, according to Governor Kathy Hochul’s office), had first been bid out in 2019 and then rebid when these same developers were unable to renegotiate their contracts to deal with rising material and interest rate costs.

Last year was an annus horribilis for the offshore wind industry, with projects cancelled up and down the East Coast and billions of dollars of losses for offshore wind developers. The delayed and cancelled projects have called into question the viability of the Biden administration’s ambitious goal of installing 30 gigawatts of offshore wind by 2030.

This year, however, has seen some signs of recovery. For years, the U.S. offshore wind industry was a bunch of plans and a few dozen megawatts of capacity from wind farms off the coasts of Rhode Island and Virginia. Then came Vineyard Wind 1, off the coast of Massachusetts, which started delivering power early this year, shortly after another New York project, South Fork Wind, started up in December of last year.

But merely (re-)awarding the contracts does not ensure that steel goes into the water, let alone that electrons flow into homes. Sunrise Wind will likely be completed in 2026, according to Orsted. Before that the Danish company has to hammer out the details of a new contract, and only then finally decide whether to go through with the thing or not; that’s expected to happen sometime in the second quarter of this year, with federal permitting finished in the summer. Empire Wind 1 has a similar timeline.

According to the governor’s office, utility customers will feel these contracts to the tune of an extra $2 a month. When the projects were first bid out in 2019, the expected impact on utility bills was just $0.73.

Green
Matthew Zeitlin profile image

Matthew Zeitlin

Matthew is a correspondent at Heatmap. Previously he was an economics reporter at Grid, where he covered macroeconomics and energy, and a business reporter at BuzzFeed News, where he covered finance. He has written for The New York Times, the Guardian, Barron's, and New York Magazine. Read More

Read More
Sparks

The Best Idea From Today’s Big Oil Hearing

Stealing a page from the Big Tobacco playbook.

The Capitol.
Heatmap Illustration/Getty Images

It was always a fantasy to think that the Senate Committee on the Budget’s hearing on oil disinformation would actually be about oil disinformation. It was still shocking, though, how far off the rails things ran.

The hearing concerned a report released Tuesday by the committee along with Democrats in the House documenting “the extensive efforts undertaken by fossil fuel companies to deceive the public and investors about their knowledge of the effects of their products on climate change and to undermine efforts to curb greenhouse gas emissions.” This builds on the already extensive literature documenting the fossil fuel industry’s deliberate dissemination of lies about climate change and its role in causing it, including the 2010 book Merchants of Doubt and a 2015 Pulitzer Prize-nominated series from Inside Climate News on Exxon’s climate denial PR machine. But more, of course, is more.

Keep reading...Show less
Sparks

Air Quality Data for the Rich

Wealth bias shows up in the strangest places — including, according to new research, PurpleAir sensor data.

A PurpleAir monitor.
Heatmap Illustration/PurpleAir

Everyone loves a public good, and one of the classic examples is clean air. When I breathe in clean air, no one else gets any less of it, and you can’t exclude people from enjoying it.

But how do we know whether the air we’re breathing is clean? And is that information a public good?

Keep reading...Show less
Yellow
Sparks

It’s Never Too Early to Start Thinking About COP

President-Designate Mukhtar Babayev kicked off the climate diplomatic year in Berlin.

Mukhtar Babayev.
Heatmap Illustration/Getty Images

The United Nations’ climate summit in Dubai ended last December with a mad dash to lock in a location for this year’s gathering. Which is how we wound up with yet another petrostate — Azerbaijan — as the host.

On Thursday at a climate conference in Berlin, Azerbaijan’s minister of ecology and natural resources and COP29’s President-Designate Mukhtar Babayev outlined his vision for the November get-together. “Our previous promises now need to be delivered, not re-interpreted. Fulfilled, not re-negotiated,” he told participants in the Petersberg Climate Dialogue, according to a transcript of his prepared remarks. “Everyone has a duty to make sure their actions match their words.”

Keep reading...Show less
Blue