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Massachusetts Port Authority

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New England states join to buy offshore wind power as US industry struggles

Three U.S. states in New England - Massachusetts, Rhode Island and Connecticut - on Wednesday agreed to jointly procure offshore wind power as soaring interest rates and rising equipment and labor costs have made some projects uneconomic. By joining forces, the states hope to counter the pain rippling across the nascent U.S. offshore wind industry, which is expected to play a key part in decarbonizing the power sector and revitalizing domestic manufacturing. Massachusetts Governor Maura Healey announced the agreement between the three states at the American Clean Power Association’s Offshore WINDPOWER Conference in Boston, according to a press release on the governor's website. The three states will seek multi-state offshore wind proposals for selection in 2024 for up to 6,000 megawatts (MW) of power. Any two or three states may agree to select a multi-state proposal and split the anticipated megawatts and renewable energy certificates from a single project. One megawatt can power about 1,000 U.S. homes. https://www.reuters.com/business/energy/new-england-states-join-buy-offshore-wind-power-us-industry-struggles-2023-10-04/

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  • Esther Wanjiku

    36 w

    This is a brilliant project

    5
    • Ann Nyambura

      36 w

      The success of this collaboration could serve as a model for other regions looking to accelerate the adoption of renewable energy.

      3
      • George Kariuki

        36 w

        This is a positive step towards sustainable energy generation and regional cooperation in the New England states.

        3
        • walter lungayi

          36 w

          This is a positive development for the US offshore wind industry as it shows collaboration and commitment from the New England states to invest in renewable energy. It highlights the potential for growth and expansion in this sector, which could help reduce dependence on fossil fuels and mitigate climate change.

          9
          • Rotich Kim

            36 w

            The project is real good it will help the countries involved

            14
            • zelda ninga

              36 w

              These are some of the projects that the government needs to have subsidies to ensure that they run smoothly.

              2
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