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Natural Gas Stands To Win As Offshore Wind Takes A Hit | OilPrice.com (oilprice.com)

submitted 1 year ago by [email protected] to c/[email protected]

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In filings submitted to the New York state regulatory authority, other prominent offshore wind developers, such as Norway's energy major Equinor and British oil major BP, have officially requested a staggering 54% increase in the price of electricity generated at three planned offshore wind farms.

Author notes supply chain volatility for the increased price for offshore wind as well as cancelled projects. Since, this comes from OilPrice.com, idk if I believe the authors analysis but prices did go up and projects were cancelled.

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[–] [email protected] 1 points 1 year ago (1 children)

But… why offshore wind turbines? It’s ’murica, there’s so much flat and windy land that’s used for agriculture. It’s not like they would starve if they’d build the turbines there.

[–] [email protected] 1 points 1 year ago

most of the population live near the coast and we don't have the transmission lines to move the power from the flat, dusty interior to the coast. offshore wind is naturally close to the existing load and developers don't have to deal with as much NIMBYism related to transmission. (just the wealthy coastal elite who don't want to see them)

it must be noted however, NM just did exactly what you're talking about with a massive on shore wind project (with lots of federal help, Joe!) and it's amazing. so it's just hard, but not impossible?