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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

These Are the Critical Minerals Exempt from Trump’s Tariffs

Plus 5 that got hit.

A mining truck.
Heatmap Illustration/Getty Images

President Donald Trump has exempted some — but certainly not all — of the critical minerals necessary for the energy transition from the sweeping tariffs he announced Wednesday. Minerals such as lithium, nickel, cobalt, manganese, and copper are key components of clean energy infrastructure such as lithium-ion batteries, which are used in electric vehicles or stationary storage, and copper wires, which conduct electricity in solar panels and wind turbines.

The White House has published a complete list of hundreds of products that are exempt from tariffs. We combed through the list looking for key transition minerals. Here are the ones that caught our eye, plus some that were notably left off. If you see anything on the list you think we missed, my inbox is open.

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First Solar Is the Only Winner of Trump’s Tariffs

Just about every other renewable energy company is taking a beating today.

Donald Trump.
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American solar manufacturer First Solar may be the big winner from the slew of tariffs Donald Trump announced yesterday against the world’s trading partners. Sorry, make that basically the only winner among renewable energy companies.

In a note to clients this morning, Jefferies analyst Julien Dumoulin-Smith wrote that “in this inflationary environment, we expect FSLR's domestic manufacturing to be the clear winner” in the long term.

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Trump’s Pro-Gas, Transition-Skeptical Pick to Run the Nation’s Energy Data

Tristan Abbey would come to Washington from a Texas think tank that argues peak oil is way off base.

Donald Trump.
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Donald Trump’s pick to run the Energy Information Administration works for a think tank that denies the existence of an energy transition.

The Energy Information Administration is the nation’s primary energy fuel and power forecasting agency. Since its inception in 1977, EIA has become a go-to source of data for many U.S. businesses, analysts, and policymakers alike. The agency’s previous administrators have been relatively apolitical academics and industry experts, including under the first Trump administration, whose EIA administrator came to the role from a faculty position at Rice University. The office’s current acting administrator is Stephen Nalley, who was appointed deputy administrator by Trump in 2018 after serving in various other roles at the agency.

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