Thrifty Banker
  • Politics
  • Business
  • World
  • Investing
  • Politics
  • Business
  • World
  • Investing

Thrifty Banker

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
Border residents fearful Middle Americans won’t hear warning about immigration crisis ahead of Election Day

Related Posts

‘Country is in crisis’: House GOP unleashes on...

May 15, 2024

Presidential candidate Jill Stein slams DNC for posting,...

May 27, 2024

Biden administration rule makes firing federal workers harder...

April 5, 2024

Haley slams Trump for Senate losses, calls out...

March 2, 2024

Trump mocks RFK Jr for not making debate...

June 24, 2024

Tillis proposes banning federal dollars from states that...

December 21, 2023

Hillary Clinton warns AI tech will make 2016...

March 29, 2024

Harris approval rating worse than Biden, Trump: poll

March 16, 2024

State department defends Blinken memo urging staffers to...

February 21, 2024

Trump keeps massive lead, Haley ties DeSantis for...

December 21, 2023

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


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

    Popular

    • 1

      Top 10 Countries for Natural Gas Production (Updated 2024)

      April 6, 2024
    • 2

      Five-foot Toy Story 3 bear draws the crowds at Costco’s first store in ‘China’s Silicon Valley’

      January 15, 2024
    • 3

      A GOP operative accused a monastery of voter fraud. Nuns fought back.

      January 3, 2025
    • 4

      New York Dem backtracks after calling for Trump to be ‘eliminated’

      November 21, 2023
    • 5

      Multiple New Multi-Commodity Targets

      May 12, 2025
    • 6

      Acceleration of RAD204 Phase 1 dose escalation trial

      May 12, 2025
    • 7

      Top 10 Tungsten-p​roducing Countries (Updated 2024)

      May 15, 2024

    Categories

    • Business (1,006)
    • Investing (2,013)
    • Politics (2,977)
    • Uncategorized (20)
    • World (3,307)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: thriftybanker.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 thriftybanker.com | All Rights Reserved