Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Politics

Feds greenlight offshore wind project near Rhode Island, Martha’s Vineyard

by August 23, 2023
August 23, 2023
Feds greenlight offshore wind project near Rhode Island, Martha’s Vineyard

A planned offshore wind farm moved a step closer to construction Tuesday with the Department of the Interior announcing it has approved the project, to be located in federal waters near Rhode Island south of Martha’s Vineyard, Massachusetts.

The Revolution Wind project will have an estimated capacity of more than 700 megawatts of renewable energy, capable of powering nearly 250,000 homes, and is expected to create about 1,200 jobs during construction, regulators said.

It’s the department’s fourth approval of a commercial-scale, offshore wind energy project, joining the Vineyard Wind project off Massachusetts, the South Fork Wind project off Rhode Island and New York, and the Ocean Wind 1 project off New Jersey.

The Revolution Wind project is another step toward the Biden administration’s goal of developing 30 gigawatts of offshore wind energy capacity by 2030, said U.S. Interior Secretary Deb Haaland.

‘Together with industry, labor and partners from coast to coast, we are building an entirely new industry off the east and west and Gulf coasts,’ Haaland said in a statement.

The final version of the plan approved by the department calls for installing fewer turbines than originally proposed by the developer. The goal is to help reduce impacts to visual resources, the ocean floor habitat, and other ocean activities.

The plan identifies possible locations for the installation of 65 wind turbines and two offshore substations.

Revolution Wind will create a fund to compensate for losses by recreational and commercial fisheries in Rhode Island and Massachusetts — as well as fisheries from other states — directly related to the construction of the turbines.

The project will also take steps to reduce potential harm to protected species like marine mammals, sea turtles, and Atlantic sturgeon.

The Department’s Bureau of Ocean Energy Management remains on track to complete reviews of at least 16 offshore wind project plans by 2025, representing more than 27 gigawatts of clean energy, the bureau said.

Vineyard Wind, a separate project, is under construction 15 miles south of Martha’s Vineyard and Nantucket. It includes 62 turbines and is expected to put out 800 megawatts, enough electricity to power more than 400,000 homes, beginning this year.

The first U.S. offshore wind farm opened off Rhode Island’s Block Island in late 2016. But with five turbines, it’s not commercial scale.

<!–>

This post appeared first on FOX NEWS

–>

0
FacebookTwitterGoogle +Pinterest
previous post
Wisconsin’s liberal Supreme Court in crosshairs as GOP lawmakers grill judicial ethics commissioners
next post
Biden has repeatedly told exaggerated house fire story to victims of tragedies

Related Posts

Sarah Huckabee Sanders hints at future plans amid...

January 25, 2024

‘Corrupt criminal’: Maxine Waters receives backlash over vitriolic...

June 1, 2024

Wisconsin Elections Commission declines to vote on future...

August 17, 2023

Maine Democratic Gov. Janet Mills vetoes bill aimed...

July 20, 2023

Biden supports ‘decent paying job’ for ‘average citizen...

November 15, 2023

Democrats slam Biden for bypassing Congress to strike...

January 12, 2024

RNC Chair Ronna McDaniel to resign after Super...

February 26, 2024

Trump campaign raises eye-popping amount while battling dual...

July 6, 2023

Lara Trump predicts US won’t be ‘the same...

January 25, 2024

Livid at LIV Golf

July 13, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Confused by the Market? Let the Traffic Light Indicator Guide You

    • Which Will Hit First: SPX 6100 or SPX 5100?

    • Investment Portfolio Feeling Stagnant? Transform Your Path Today

    • Where the Market Goes Next: Key Resistance Levels + Top Bullish Stocks to Watch Now

    • Recession Ahead? Sector Rotation Model Warns of Rising Risk

    • Crypto Market Recap: Bitcoin Breaks US$100,000 as ETF Inflows Rise, Coinbase Makes US$2.9 Billion Power Play

    Categories

    • Business (1,183)
    • Investing (2,412)
    • Politics (3,699)
    • Stocks (1,558)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved