(C) Daily Kos This story was originally published by Daily Kos and is unaltered. . . . . . . . . . . Biden’s Offshore Wind Target Slipping Out Of Reach As Projects Struggle [1] ['This Content Is Not Subject To Review Daily Kos Staff Prior To Publication.'] Date: 2023-12-16 From Inside Climate News 12.16.23 The Biden Administration’s Scaled-Back Lease Proposal For Atlantic Offshore Wind Projects Prompts Questions, Criticism The Biden administration’s latest lease offering for offshore wind projects doesn’t allocate adequate acreage for Maryland and other mid-Atlantic states to achieve their legally binding emissions reduction and clean energy targets, industry groups and environmental advocates say. They believe the offering also further hobbles the offshore wind industry, which already faces supply constraints, a lack of new tax credits and high interest rates. “The Biden Administration had the opportunity to provide all the lease area needed to allow Maryland to achieve our goal of building 8.5 gigawatts of offshore wind, but they opted not to,” said Jamie DeMarco, Maryland director of the Chesapeake Climate Action Network. insideclimatenews.org/… From Reuters 9.15.23 Biden’s offshore wind target slipping out of reach as projects struggle President Joe Biden’s goal to deploy 30,000 megawatts of offshore wind along U.S. coastlines this decade to fight climate change may be unattainable due to soaring costs and supply chain delays, according to forecasters and industry insiders. The 2030 target, unveiled shortly after Biden took office, is central to Biden's broader plan to decarbonize the U.S. economy by 2050. It is also crucial to targets of Northeast states hoping wind will help them move away from fossil fuel-fired electricity. "It doesn't mean that there can't still be excellent progress towards this technology that's going to do great things for our nation," said Kris Ohleth, director of the Special Initiative on Offshore Wind, an independent organization that provides guidance and research to the industry. "It's just not going to be that size by 2030. It's pretty clear at this point." www.reuters.com/… From the Associated Press 10.31.23 Orsted scraps 2 offshore wind power projects in New Jersey, citing supply chain issues Danish energy developer Orsted said Tuesday night it is scrapping two large offshore wind power projects off the coast of New Jersey, adding uncertainty to a nascent industry the Biden administration and many state governments are counting on to help transition away from the burning of planet-warming fossil fuels. The company said it is canceling its Ocean Wind I and II projects in southern New Jersey, citing supply chain issues and rising interest rates. apnews.com/... [END] --- [1] Url: https://www.dailykos.com/stories/2023/12/16/2212109/-Biden-s-Offshore-Wind-Target-Slipping-Out-Of-Reach-As-Projects-Struggle?pm_campaign=front_page&pm_source=more_community&pm_medium=web Published and (C) by Daily Kos Content appears here under this condition or license: Site content may be used for any purpose without permission unless otherwise specified. via Magical.Fish Gopher News Feeds: gopher://magical.fish/1/feeds/news/dailykos/