The Biden administration is facing increasing pressure to take action to bolster the offshore wind industry after a major project was canceled in New Jersey on Tuesday, although options appear limited to ease financial hurdles facing developers. So far, the administration is reiterating that the industry will continue to grow and that President Joe Biden’s goals for 30 gigawatts of offshore wind by 2030 will be achieved, even as many states and analysts say otherwise. “Biden’s offshore wind goals look impossible at this point of time,” said Chelsea Jean-Michel, a wind analyst with BloombergNEF, a research and analysis firm.
Offshore wind is stumbling. Can Biden save the industry? - Governors' Wind Energy Coalition governorswindenergycoalition.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from governorswindenergycoalition.org Daily Mail and Mail on Sunday newspapers.
Why the Gulf of Mexico’s first offshore wind auction wasn’t a smash hitThe region’s first-ever lease sale arrived at a time of industry turmoil, and in a place saddled with unique obstacles to offshore wind development.
Hedge Funds Are Shorting Stocks That Biden's IRA Was Meant to Help bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.