How New Jersey (almost) missed the boat on offshore wind

offshore wind energy, new jersey environment news

TINA CASEY / CLEAN TECNICA – The US offshore wind industry is roaring into life. The federal government’s offshore wind lease area program is smashing bid records with each new offering. Soon the Atlantic coast will be dotted with wind turbines churning out clean power, highlighted by the potential for 9.6 gigawatts in the New York-New Jersey area. Everybody is so excited! And yet, for New Jersey the victory is bittersweet.

How bitter? Well, consider this news. Back in 2015 the company US Wind, Inc. nailed down a lease off the New Jersey coast for just over $1 million. Just last week, they turned around and sold the same lease to EDF Renewables for $215 million.

Whaa….!?!? …

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