Developing wind power off N.J. coast hotly pursued by companies, with bids topping $4B

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The wind farms could power around 2 million homes.

Interior officials said the sale for more than 488,000 acres in the

brought in more money than any other energy leases ever, including those for oil and gas. The leases were part of President Joe Biden’s goal of developing 30 gigawatts of offshore wind energy by 2030.“This week’s offshore wind sale makes one thing clear: the enthusiasm for the clean energy economy is undeniable and it’s here to stay,” Interior Secretary Deb Haaland said.-- OW Ocean Winds East LLC, 71,522 acres, $765 million-- Bight Wind Holdings LLC, 125,964 acres, $1.

“By leading the nation in offshore wind, we’re growing our economy and bringing good-paying jobs to the Garden State,” he said. Murphy has set a target of producing 50% of the state’s electricity from clean sources by 2030, and 100% by 2050. Murphy said he would bring

 

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And where is that 4 billion going?

I am no electrician by and school we thought us electric and water do not go together

Window is the most expensive and least reliable source of energy, also leaks oil and it’s going to rot in the middle of the ocean with salt air

Who do they think is paying for this? Forget fabrication, transportation, installation and maintenance. Get ready people…power bills are going up, up, up!

Nice, since studies show there is a net increase in carbon footprint for manufacture, support and maintenance. Way to go!

Let the complaining begin in 3..2… oh, nevermind it already started.

So if NJ gets the $4B our property taxes will go down right ?

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