US Approves Massive Windfarm Project Off the Coast of Virginia

Tuesday Orsted cancelled two wind farms near New Jersey that would've generated about 2.2 gigawatts of energy. But the same day America's Interior Department approved plans to install up to 176 wind turbines off the coast of Virginia with an estimated capacity of about 2.6 gigawatts of clean energy. Located approximately 27 miles from the shores of Virginia Beach, the project will be America's largest offshore wind project, capable of powering over 900,000 homes. In just its first 10 years it should save customers $3 billion in fuel costs, Dominion Energy told the Associated Press:Dominion expects construction to be completed by late 2026... Construction of the project in Virginia is expected to support about 900 jobs each year and then an estimated 1,100 annual jobs during operations, the Interior Department said. The initiative has gained wide support from Virginia policymakers and political leaders, including Republican Gov. Glenn Youngkin, who last week attended a reception marking the arrival of eight monopile foundations for the windfarm. Two pilot turbines have already been in place since 2020, the article points out. And when finished the new wind farm "would bolster and eventually replace the mostly natural gas-powered electricity that is contributing to costly climate change," reports MarketWatchPresident Biden, early in his first term, announced a goal of installing 30 gigawatts of offshore wind power by 2030, enough to power 10 million homes and prevent the spewing of 78 million metric tons of carbon-dioxide emissions... U.S. offshore wind has been helped along by nearly $8 billion in investments since Biden signed his signature, climate-heavy Inflation Reduction Act a little over a year ago... Biden's team has projected that the U.S. could install 110 gigawatts of offshore wind power by 2050, a major jump considering there is less than 1 gigawatt installed today. Land-based wind farms across the U.S. already produce more than 140 gigawatts of energy, contributing to about 10% of the nation's energy portfolio... When measured by announced plans and pledges, the country has been barreling toward its offshore goal. To date, the Department of the Interior has approved four New England-based projects that, together with the new Coastal Virginia Offshore Wind project, promise to deliver 5 gigawatts of electricity, enough to power 1.75 million homes with average power use. A total of more than 51 gigawatts of wind power capacity is in the works off U.S. shores and the most ambitious 10 coastal states have combined offshore wind goals of generating more than 81 gigawatts.

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