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Orsted - 2 ” Orsted - 1 Phil Murphy - 1 Alexandra Altman - 1 Murphy - 1 Wayne Parry - 1 ” - 1 Larry Susskind - 1
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3 mentions found


☆ Orsted Wants Out of $300M Forfeiture for Scrapped New Jersey Offshore Wind Farms
  + stars: | 2023-11-06 | by ( Associated Press | Nov. | At P.M. | ) www.usnews.com   time to read: +3 min
OCEAN CITY, N.J. (AP) — Offshore wind power company Orsted is trying to get out of a $300 million guarantee it agreed to pay New Jersey in the event it failed to build its first wind farm off the state's coast. Last Tuesday, the Danish firm scrapped its Ocean Wind I and II projects in southern New Jersey, saying the projects were no longer financially feasible. It also was obligated to pay an additional $200 million toward the development of the offshore wind industry in New Jersey. Orsted wrote off $4 billion last week, due largely to costs associated with the cancellation of its two New Jersey projects. New Jersey still has several other offshore wind projects in various stages of development, with four new proposals submitted in August alone.
Persons: Orsted, ” Orsted, Phil Murphy, Alexandra Altman, Murphy, Wayne Parry Organizations: CITY, New, New Jersey Board of Public Utilities, Gov, Republican, Shell, EDF Renewables, Twitter Locations: N.J, New Jersey, Danish, ”, . New Jersey, Atlantic Shores, EDF Renewables North America, www.twitter.com
☆ In a First, MIT Trains Students to Resolve Clean Energy Conflicts
  + stars: | 2023-10-31 | by ( Associated Press | Oct. | At A.M. | ) www.usnews.com   time to read: +8 min
(AP) — As the United States injects hundreds of billions of dollars into clean energy through its signature climate law, known as the Inflation Reduction Act, criticism is growing louder about where, how and whether new development should be allowed. MIT is offering a first-of-its-kind course that trains students to be mediators in conflicts over clean energy projects. Students get academic credit and hands-on experience addressing real-world dilemmas, while the community and developer get free help resolving conflict. In one recent Friday afternoon class, students debated everything from environmental justice concerns to misinformation to oil companies. He hopes to create a similar national consortium of universities serving communities and projects in their respective regions regarding clean energy.
Persons: ”, Larry Susskind, Susskind, stokes, ” Susskind, ” Leyla Uysal, “ It’s, “ We’re, ” It’s, Abraham Silverman, he’s “, Silverman, Larry, Patrick Field, ” Chaudhuri, Sarah Mills Organizations: Massachusetts Institute of Technology, MIT, Cipher News, Associated Press, Washington D.C, Cell, MIT Renewable Energy Clinic, Harvard University, Power, Google, Columbia University, New, New Jersey Board of Public Utilities, Consensus, “, ”, University of Michigan, AP Locations: CAMBRIDGE, United States, Washington, New York, California, Chicago, Michigan, New Jersey, Cambridge, loggerheads
☆ Biden’s offshore wind target slipping out of reach as projects struggle
  + stars: | 2023-09-15 | by ( Nichola Groom | ) www.reuters.com   time to read: +7 min
The 2030 target, unveiled shortly after Biden took office, is central to Biden's broader plan to decarbonize the U.S. economy by 2050. The energy research firm expects 21 GW of offshore wind along U.S. shores in 2030, breaking 30 GW by 2032. Still, offshore wind developers including Orsted have said the IRA’s subsidies are insufficient for projects to thrive in the current environment, and are lobbying the administration for additional concessions. The nation currently has just two pilot-scale offshore wind farms capable of producing 42 megawatts of electricity. Stephanie McClellan, executive director of the offshore wind advocacy group Turn Forward, said making sure the first fleet of projects succeeds was more important than a particular timeline.
Persons: Brian Snyder, Joe Biden’s, Biden, Kris Ohleth, It's, Samantha Woodworth, Wood Mackenzie, Michael Brown, France's, it's, Kelly Penot, Rousseau, Orsted, Michael Kikukawa, Samah Shaiq, Shaiq, Doreen Harris, NYSERDA, Elizabeth Mahony, Stephanie McClellan, Nichola Groom, David Gregorio Our Organizations: REUTERS, BP, Shell, Companies, Developers, Ocean Winds, Reuters, Biden, U.S . Department of Energy, DOE, New York State Energy Research, Development Authority, New York State Department of Public Service, Equinor, Orsted . Massachusetts Department of Energy, Office of Energy, Environmental Affairs, New, New Jersey Board of Public Utilities, Thomson Locations: Rhode, U.S, North American, Massachusetts, Gulf of Mexico, Europe, Asia, China, United Kingdom, New Jersey, New York, Orsted .
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