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Rakesh  Sharma's picture
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I am a New York-based freelance journalist interested in energy markets. I write about energy policy, trading markets, and energy management topics. You can see more of my writing...

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  • May 25, 2018

This item is part of the Offshore Wind - Summer 2018 SPECIAL ISSUE, click here for more

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Massachusetts, which intends to add 1600 MW of offshore wind energy by 2027, took the first step towards that goal by greenlighting a 800 MW project off Martha's Vineyard. The project will be run by a Danish investment firm and Spanish utility and will benefit New Bedford, which is hoping to get an economic boost from the project. The state governament has estimated that offshore wind projects could add approximately 9,800 jobs and add $2.1 billion to its coffers. Objections have mostly come from fishermen and environmentalists, who claim that such projects harm marine ecosystems. But it is unlikely that their objections will result in a reversal of state policy, given the economic benefits. According to the article, New Bedford, which was among the richest cities in America once due to its whaling industry, is looking forward to becoming rich again due to offshore wind projects coming their way. 

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Matt Chester's picture
Matt Chester on May 25, 2018

Feels like the promises of offshore wind on the east coast have been around for a long time, hopefully this project will be the one that truly gets it off the ground and spurs further development

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