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

Polish leader warns of ‘prewar era,’ urges European...

March 30, 2024

Democrats, progressives cheering Trump verdict should be mourning...

June 4, 2024

Senate’s $95 billion foreign aid bill heads for...

February 14, 2024

GOP erupts over 2018 text from Hunter Biden...

August 16, 2023

GOP infighting blows up plans for controversial surveillance...

December 13, 2023

Trump will not visit Capitol Hill ahead of...

October 10, 2023

Washington mayor claims she’s being harassed after calling...

September 20, 2023

Beware of Biden’s Israel, Ukraine blank check request

October 25, 2023

This former Republican presidential candidate urges 2024 field...

November 10, 2023

Pelosi claims she has ‘respect for whistleblowers’ despite...

July 24, 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

    • Joe Rabil’s Undercut & Rally Pattern: From DROP to POP

    • RRG Alert Tech Vaults to ‘Leading’—Is XLK Signaling a New Rally?

    • Coelacanth Energy

    • Jeffrey Christian: Gold, Silver, PGMs — Short-term Prices and Key Drivers

    • Ericsson, Rogers Launch Canada’s First Underground 5G Network for Smart Mining

    • Crypto Market Recap: Bitcoin Price Stalls as Fed Holds Rates Steady, Circle Shares Jump

    Categories

    • Business (1,259)
    • Investing (2,583)
    • Politics (3,699)
    • Stocks (1,669)
    • 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