LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

A 2.2 GW Maryland offshore wind farm just took a big leap forward

Robert Frost by Robert Frost
July 29, 2024
in Industries
A 2.2 GW Maryland offshore wind farm just took a big leap forward
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


Photo Collections on Pexels.com

US Wind, a proposed 2.2 gigawatt (GW) Maryland offshore wind farm, just took a major step toward securing all of its federal permits by the end of 2024.

The Bureau of Ocean Energy Management (BOEM) today released US Wind’s Final Environmental Impact Statement (FEIS), clearing another hurdle for the project’s developers, Italy’s renewable energy developer Renexia, to build up to 114 turbines totaling 2,200 megawatts (MW) capacity, enough to power 770,000 homes with clean energy.

You might also like

Tariffs are hitting European firms hard. Here are the sectors to watch as earnings kick off

Musk will ask Tesla shareholders to vote on bailout for twitter/xAI

E-quipment highlight: Perkins TracStar battery electric power unit

Jeff Grybowski, US Wind’s CEO, said in an emailed statement, “We are now one step closer to securing all of our federal permits by the end of this year, and look forward to the day we can get steel in the water.”

US Wind’s lease area is approximately 10 miles off the Maryland coast and approximately 10.4 miles off Sussex County, Delaware, at its closest points to shore. The project includes three planned phases and two of those phases, MarWin and Momentum Wind, have received offshore renewable energy certificates from the State of Maryland.  

US Wind’s proposal also includes up to four offshore substation platforms, one meteorological tower, and up to four corridors for offshore export cables that would make landfall in Delaware Seashore State Park.

The development and construction phases of the project could potentially support an estimated 2,679 jobs annually over seven years.

US Wind has been awarded offtake agreements with the state of Maryland and will re-engage the state’s public utility board to restructure those agreements in the fall.

As part of the project, US Wind advanced plans to build Sparrows Point Steel, an offshore wind turbine foundation facility in Baltimore Harbor, which, when fully operational, would employ more than 500 people, including hundreds of unionized steelworkers.

 Liz Burdock, president and CEO at Oceantic Network, said in an emailed statement:

Along with US Wind’s direct investment in Sparrows Point Steel, this offshore wind project will contribute to new, well-paying jobs across Maryland and throughout the supply chain.

While more projects are needed to meet Maryland’s offshore wind energy targets, today’s action is an important step forward to deliberately advance another commercial scale offshore wind project.

Once US Wind receives final approval to begin construction, the pipeline of approved projects during the Biden administration will exceed 15 GW. Currently, more than 5 GW of projects are under installation, and 300+ MW are online.

Read more: The world’s largest steel mill will get a second life as a wind turbine factory


If you live in an area that has frequent natural disaster events, and are interested in making your home more resilient to power outages, consider going solar and adding a battery storage system. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them.

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –trusted affiliate link*

FTC: We use income earning auto affiliate links. More.



Source link

Share30Tweet19
Previous Post

Bitcoin is up more than 50% this year — here are key crypto tax rules every investor should know

Next Post

The first Fed interest rate cut in years is on the horizon. Here’s what homeowners, buyers need to know

Robert Frost

Robert Frost

Jutawantoto Jutawantoto Jutawantoto Jutawantoto Berita Terbaru Hari

Recommended For You

Tariffs are hitting European firms hard. Here are the sectors to watch as earnings kick off
Industries

Tariffs are hitting European firms hard. Here are the sectors to watch as earnings kick off

July 14, 2025
Musk will ask Tesla shareholders to vote on bailout for twitter/xAI
Industries

Musk will ask Tesla shareholders to vote on bailout for twitter/xAI

July 14, 2025
E-quipment highlight: Perkins TracStar battery electric power unit
Industries

E-quipment highlight: Perkins TracStar battery electric power unit

July 14, 2025
Upcoming electric Bentley blends 1930s style with 2030s tech
Industries

Upcoming electric Bentley blends 1930s style with 2030s tech

July 13, 2025
Next Post
The first Fed interest rate cut in years is on the horizon. Here’s what homeowners, buyers need to know

The first Fed interest rate cut in years is on the horizon. Here's what homeowners, buyers need to know

Related News

Yellen ‘not anticipating’ economic downturn

Yellen ‘not anticipating’ economic downturn

April 11, 2023
U.S. stocks open higher as investors weigh CPI inflation report

U.S. stocks open higher as investors weigh CPI inflation report

April 12, 2023
FTSE 100 Live: Vodafone in €8 billion Italy sale, blue-chips seen lower

FTSE 100 Live: Vodafone in €8 billion Italy sale, blue-chips seen lower

March 15, 2024

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?