A New Hope Lifts US Offshore Wind Industry Out Of Doldrums

📆 15-05-24 18:03:00
📰 cleantechnica

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Maryland is back on track to develop its offshore wind resources into a powerful multi-state hub with Virginia and North Carolina.

Maryland is back on track to develop its offshore wind resources, with a timely assist from the state legislature .

US Wind got a shot of adrenaline in 2020 when the leading asset management firm Apollo Global Management climbed on board as a strategic investor with a commitment of up to $265 million to support development and construction costs for “This legislation is a game-changer for the Maryland offshore wind program,” said US Wind CEO Jeffrey Grybowski, US Wind CEO in a press statement supporting the legislative effort to repair the damage after Ørsted dropped the offtake ball.

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Major offshore wind projects in New York canceled in latest blow to industryThe decision is another setback to New York’s aspirations to achieve 70 percent renewable energy by 2030 and be a hub for the nascent industry in the United States.
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