The China Mail - Biden approves largest offshore wind project in US history

USD -
AED 3.672505
AFN 66.340224
ALL 83.497923
AMD 382.609469
ANG 1.789982
AOA 917.000066
ARS 1419.999775
AUD 1.529251
AWG 1.805
AZN 1.694926
BAM 1.69053
BBD 2.013199
BDT 122.040081
BGN 1.694045
BHD 0.376959
BIF 2944.122948
BMD 1
BND 1.302343
BOB 6.932259
BRL 5.305197
BSD 0.999555
BTN 88.602015
BWP 13.376091
BYN 3.40751
BYR 19600
BZD 2.01026
CAD 1.40167
CDF 2149.999964
CHF 0.804539
CLF 0.023972
CLP 940.396475
CNY 7.11935
CNH 7.121535
COP 3767.35
CRC 501.851908
CUC 1
CUP 26.5
CVE 95.30992
CZK 20.994038
DJF 177.720232
DKK 6.457225
DOP 64.257098
DZD 130.50503
EGP 47.249902
ERN 15
ETB 153.488804
EUR 0.86475
FJD 2.278502
FKP 0.760102
GBP 0.75855
GEL 2.704965
GGP 0.760102
GHS 10.935116
GIP 0.760102
GMD 72.999866
GNF 8676.560839
GTQ 7.661756
GYD 209.11739
HKD 7.773345
HNL 26.298388
HRK 6.517603
HTG 130.865275
HUF 331.547959
IDR 16700.45
ILS 3.23525
IMP 0.760102
INR 88.727896
IQD 1309.430684
IRR 42099.999966
ISK 126.440553
JEP 0.760102
JMD 160.884767
JOD 0.708981
JPY 153.941498
KES 129.15009
KGS 87.449895
KHR 4014.123769
KMF 421.000338
KPW 900.001961
KRW 1455.5198
KWD 0.30706
KYD 0.832995
KZT 523.659906
LAK 21704.273866
LBP 89509.255218
LKR 303.946271
LRD 182.9175
LSL 17.178358
LTL 2.95274
LVL 0.60489
LYD 5.454184
MAD 9.253615
MDL 16.967539
MGA 4490.390392
MKD 53.184777
MMK 2099.688142
MNT 3580.599313
MOP 8.00287
MRU 39.691938
MUR 45.859637
MVR 15.405027
MWK 1733.230185
MXN 18.36953
MYR 4.159892
MZN 63.949811
NAD 17.178358
NGN 1436.090317
NIO 36.778847
NOK 10.116098
NPR 141.763224
NZD 1.770895
OMR 0.384503
PAB 0.999555
PEN 3.373627
PGK 4.219862
PHP 58.8825
PKR 282.620849
PLN 3.660985
PYG 7080.900498
QAR 3.643153
RON 4.396989
RSD 101.319748
RUB 81.256995
RWF 1452.835571
SAR 3.750525
SBD 8.230592
SCR 13.66365
SDG 600.498439
SEK 9.50335
SGD 1.301997
SHP 0.750259
SLE 23.201184
SLL 20969.499529
SOS 570.223396
SRD 38.496501
STD 20697.981008
STN 21.17701
SVC 8.745711
SYP 11056.839565
SZL 17.173258
THB 32.298309
TJS 9.26079
TMT 3.51
TND 2.950779
TOP 2.342104
TRY 42.231803
TTD 6.780101
TWD 30.969499
TZS 2455.707016
UAH 42.029631
UGX 3508.468643
UYU 39.769731
UZS 12009.577236
VES 228.193962
VND 26300
VUV 122.518583
WST 2.820889
XAF 566.988067
XAG 0.019896
XAU 0.000244
XCD 2.70255
XCG 1.801429
XDR 0.704795
XOF 566.990518
XPF 103.084496
YER 238.501313
ZAR 17.133298
ZMK 9001.199493
ZMW 22.614453
ZWL 321.999592
  • CMSC

    -0.0700

    23.78

    -0.29%

  • RBGPF

    0.0000

    76

    0%

  • RIO

    1.0100

    70.34

    +1.44%

  • SCS

    0.0150

    15.775

    +0.1%

  • NGG

    -0.3700

    77.38

    -0.48%

  • RYCEF

    0.0200

    14.82

    +0.13%

  • GSK

    0.5900

    47.22

    +1.25%

  • CMSD

    -0.0390

    24.061

    -0.16%

  • BTI

    0.7500

    55.34

    +1.36%

  • JRI

    -0.0650

    13.675

    -0.48%

  • BCC

    -0.8500

    69.79

    -1.22%

  • RELX

    -0.2450

    42.025

    -0.58%

  • BCE

    -0.3200

    22.87

    -1.4%

  • VOD

    0.0900

    11.67

    +0.77%

  • AZN

    2.6500

    87.23

    +3.04%

  • BP

    0.5200

    37.1

    +1.4%

Biden approves largest offshore wind project in US history
Biden approves largest offshore wind project in US history / Photo: © Dominion Energy/AFP

Biden approves largest offshore wind project in US history

President Joe Biden's administration on Tuesday approved a plan to build the United States' largest ever offshore wind farm, which would power hundreds of thousands of homes with clean energy.

Text size:

Dominion Energy's Coastal Virginia Offshore Wind (CVOW) project is located 23.5 nautical miles off Virginia Beach and marks the fifth such offshore wind plan under the Biden administration, which has come under fire from environmentalists for also greenlighting several new major fossil fuel leases.

Interior Secretary Deb Haaland said in a statement the decision demonstrated the government's commitment to "the clean energy future," adding it would respond to the climate crisis, lower energy costs, and create new jobs.

The project is expected to provide hundreds of jobs in both the construction and operational phase, as well as generate regional economic development, the statement added.

In all, the five new offshore wind approvals are set to supply five gigawatts of energy to the national grid, with 2.6 gigawatts -- more than half -- from the CVOW.

The United States has set a goal of 30 gigawatts of wind energy by 2030, as part of its broader goal of meeting its commitments to net zero carbon emissions by 2050, and a carbon free power sector by 2035.

But the sector has been held back by bottlenecks in leasing and permitting projects. By comparison, Europe's wind industry is "decades ahead," according to an analysis by the Center for American Progress think tank, with 25 gigawatts generation capacity as of 2020, according to Wind Europe -- hundreds of times the current US capacity.

Bob Blue, Dominion Energy's chair, president and CEO said in a recent statement after the delivery of the first wind turbine foundations that the project "continues to move forward on time and on budget" with installation of the 176 turbines beginning in 2024 and expected to conclude in late 2026.

Dominion estimated it would power 660,000 homes.

The approval comes on the heels of an announcement last month the administration would auction three new oil and gas leases in the Gulf of Mexico, triggering a furious reaction from environmental groups who said the move would accelerate climate change.

Biden ordered a pause on new drilling soon after taking office, but analysts say he has been restricted in what he can accomplish because of court decisions overturning the pause and the delicate balance of power in Congress.

O.Tse--ThChM