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Sparks

3 More Offshore Wind Projects Bite the Dust

This time, blame GE.

Offshore wind.
Heatmap Illustration/Getty Images

Things are looking down again for New York’s embattled offshore wind industry.

The state is abandoning all three of the offshore wind projects it awarded conditional contracts to last October, after failing to secure final agreements with any of the developers, Politico reported Friday.

New York officials and the Biden administration had lauded the three projects — which were expected to supply about 12% of New York’s electricity in 2030 — as a key milestone in the nation’s transition to renewable energy. The planned investments in offshore wind were “demonstrating to the nation how to recalibrate in the wake of global economic challenges while driving us toward a greener and more prosperous future for generations to come,” Gov. Kathy Hochul said at the time.

The projects all hinged on the availability of a larger turbine then in the works from General Electric — and faltered after GE decided to stop work on the new turbine earlier this year. Combined, the three projects would have added more than 4,000 megawatts of offshore wind capacity to the regional electric grid. Their termination puts New York’s ambitious climate target of 70% renewable energy by 2030 further out of reach.

This setback occurs just as things appeared to be looking up for New York’s offshore wind industry. In February, the state awarded new conditional contracts for its Sunrise Wind and Empire Wind projects, which were first bid out in 2019 but then re-bid after the state refused to renegotiate in the face of rising costs. Together, those would contribute more than 1,700 megawatts to the grid.

State regulators reiterated their commitment to offshore wind on Friday, according to Politico. The New York State Energy Research and Development Authority, the agency overseeing the offshore wind projects, is expected to initiate another round of offshore wind bids soon.

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Sparks

The Fed Has No Relief for Renewables Developers (or Trump)

The U.S. central bank left its interest rate target unchanged for the fifth time in a row.

Donald Trump and Jerome Powell.
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Interest rate relief isn’t coming anytime soon for renewables. As widely expected, the Federal Reserve chose to keep rates unchanged on Wednesday, despite intense pressure from President Trump and two Republican Fed governors to lower rates.

The Fed maintained the benchmark short term rate at a range of 4.25% to 4.5%. During the press conference that followed the rate announcement, Fed Chair Jerome Powell gave no indication that the board will lower rates at the Fed’s next meeting in September, either. That’s contrary to Trump’s claims to reporters after the meeting. “We have made no decisions about September,” Powell said. “We don’t do that in advance. We’ll be taking that information into consideration and all the other information we get as we make our decision.”

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Sparks

After Trump Phone Call, DOE Cancels $5 Billion for Grain Belt Express

The Department of Energy announced Wednesday that it was scrapping the loan guarantee.

A cut wire.
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The Department of Energy canceled a nearly $5 billion loan guarantee for the Grain Belt Express, a transmission project intended to connect wind power in Kansas with demand in Illinois that would eventually stretch all the way to Indiana.

“After a thorough review of the project’s financials, DOE found that the conditions necessary to issue the guarantee are unlikely to be met and it is not critical for the federal government to have a role in supporting this project. To ensure more responsible stewardship of taxpayer resources, DOE has terminated its conditional commitment,” the Department of Energy said in a statement Wednesday.

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Sparks

Meta’s Major AI Energy Buildout

CEO Mark Zuckerberg confirmed the company’s expanding ambitions in a Threads post on Monday.

Electrical outlets and a computer chip
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Meta is going big to power its ever-expanding artificial intelligence ambitions. It’s not just spending hundreds of millions of dollars luring engineers and executives from other top AI labs (including reportedly hundreds of millions of dollars for one engineer alone), but also investing hundreds of billions of dollars for data centers at the multi-gigawatt scale.

“Meta is on track to be the first lab to bring a 1GW+ supercluster online,” Meta founder and chief executive Mark Zuckerberg wrote on the company’s Threads platform Monday, confirming a recent report by the semiconductor and artificial intelligence research service Semianalysis.

That first gigawatt-level project, Semianalysis wrote, will be a data center in New Albany, Ohio, called Prometheus, due to be online in 2026, Ashley Settle, a Meta spokesperson, confirmed to me. Ohio — and New Albany specifically — is the home of several large data center projects, including an existing Meta facility.

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