Energy investors should take note of two recent orders from the Federal Energy Regulatory Commission (“FERC”). With these orders, FERC ruled for the first time that an entity that appoints a director to the board of a FERC-regulated “public utility” or a direct or indirect holding company of the public utility is a regulatory
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Offshore Wind Interconnection Process and Cost Considerations -Bloomberg Law
The U.S. offshore wind industry continues to mature, but for now developers, utilities, and investors should expect lengthy interconnection processes and high costs when planning their offshore wind projects, say members of Mayer Brown’s global projects and infrastructure group. They explain the basics and what to consider.
To read this complete article visit Bloomberg Law
New Jersey Delays Its Next Offshore Wind Solicitation for Transmission Planning
The New Jersey Board of Public Utilities (NJBPU) announced that its third solicitation with a capacity target of 1,200 megawatts for New Jersey’s offshore wind (OSW) development will now be released by January 2023, instead of the previously announced September 2022 date, to account for its ongoing transmission-planning efforts.
NJBPU’s updated timeline takes into consideration…
US DOE: Clean Energy Supply Chain Poses “Immense Challenges” But Offers “Enormous Opportunity”
In its recently released 76-page report, required under President Biden’s Executive Order 14017, “America’s Supply Chains,” the US Department of Energy (DOE) finds that “[t]he opportunity for US global leadership on clean energy is enormous” but the related “challenges are immense” and relate to:
- raw material availability
- manufacturing capacity
- dependence on foreign supplies
- worker
…
Jolting the Grid: US DOE Begins Implementing Bipartisan Infrastructure Bill
On January 13, 2022, the US Department of Energy (DOE) issued a notice of intent regarding its Building a Better Grid Initiative (Initiative), an effort to encourage the modernization of the nation’s existing electric transmission grid. The Initiative is the beginning of a rulemaking process required by the Infrastructure Investment and Jobs Act (Act), which…
US Offshore Wind Development: 2021 Year in Review and Looking Ahead
Offshore wind is an energy generation source that has seen explosive global growth over the past decade. The offshore wind industry in the US has been developing at a more measured pace but had a landmark year in 2021, and we expect the same for 2022. Our Year in Review highlights the major US offshore wind energy…
Louisiana Proposes 5 GW of Offshore Wind for Gulf of Mexico
On February 1, 2022, Louisiana Governor John Bel Edwards’ Climate Initiatives Task Force submitted its 177-page Climate Action Plan, which proposes a goal of 5 gigawatts (GW) of offshore wind (OSW) power generation by 2035 and notes that:
[T]his goal requires strategic collaboration across Louisiana state agencies and the federal government, transmission planning agencies, energy…
US BOEM Announces Massive Offshore Wind Auction and Much More
On January 12, 2022, the Bureau of Ocean Energy Management (BOEM) announced that it will hold a competitive auction for six lease areas (totaling roughly 488,000 acres) in the New York Bight area, which is off the coast of New York and New Jersey. Twenty-five bidders are eligible to participate, which is up from the…
The Law off the Land: Why Offshore Wind Developers, Utilities, and Investors Should Give Early Consideration to Environmental Law Risks
U.S. offshore wind energy planning and development is front and center and accelerating at light speed. The Biden Administration announced a commitment to create 30 gigawatts of electricity via U.S. offshore wind by 2030. Congress provided a boost to offshore wind development late last year with a 30 percent investment tax credit to projects that…
MD and MA Award 3.2 GW of New Offshore Wind Capacity
On Friday, December 17, 2021, Massachusetts and Maryland selected a total of four offshore wind projects in their latest solicitation rounds to bring an additional 3.2 GW of new offshore wind capacity to the states.
Maryland
The Maryland Public Service Commission (Commission) awarded offshore renewable energy credits to two developers planning to expand offshore wind…