From RTO Insider
WASHINGTON — Even as the Trump administration has rejected the Paris Agreement and works to boost coal-fired generation, optimism has been building on the East Coast for the offshore wind industry.
President Thomas Brostrøm credited state renewable portfolio standards and carbon reduction goals for creating demand. And he said the shallow waters off the East Coast provide attractive sites like those in Europe.
DONG, the No. 1 offshore wind generator in the world, clearly sees renewables as the future. On Oct. 30, it will ask shareholders to approve changing its name — originally an abbreviation for Danish Oil and Natural Gas — to reflect its commitment to renewable power. It completed the divestiture of its upstream oil and gas business in September. The new name, Ørsted, honors Danish scientist Hans Christian Ørsted, who is credited with discovering electromagnetism in 1820.
The company, which operates more than 1,000 offshore wind turbines in Europe, acquired the rights to develop more than 1,000 MW off New Jersey and is working on a pilot project with Dominion Energy off Virginia. (See Dominion Plans 12-MW Offshore Wind Project, 2nd in US.) It also has formed a joint venture with Eversource Energy to bid on Massachusetts’ solicitation for 1,600 MW of offshore wind.