New York officials have finalized new power purchase deals with developers Equinor and Orsted for respective 810-MW and 924-MW projects, while two land-based support hubs valued at about $1B achieve milestones and New Jersey accelerates its next wind procurement to start in mid-2025.
Major wind developer, and others that include giant Equinor, predict millions in writedowns as first projects face tough economics, but proponents see a solid market that needs government attention to current obstacles.
New England state reveals details of fourth round of developer bids—with new terms on cost hikes—while New Jersey launches expanded bid for ocean-to-shore power transmission options and permits first construction of 1.1-GW Orsted project.
Developers Orsted and Shell-EDF will build projects totaling 2,568 MW and boost supply chains, but onshore grid connections remain logistical and political challenge
