Offshore Rig Dayrates ‘Quickly Heading’ to $400,000
By Nerijus Adomaitis OSLO, May 27 (Reuters) – Rental rates for offshore oil and gas rigs have rocketed higher, boosted by a race to lift production because of the war in Ukraine and a...
DCV HAYWARD transits Hudson River alongside the USS Arlington LPD-24 during Fleet Week 2018. Image via US Army Corps of Engineers
By Josh Saul (Bloomberg) Orsted A/S and Eversource Energy, the companies building a big wind farm off the Long Island coast, are teaming up with construction firm Riggs Distler to build turbine parts near Albany and then float them down the Hudson River.
The companies signed an $86 million supply contract for construction of turbine components at the port in Coeymans, New York, about 140 miles north of New York City, according to a statement from Governor Kathy Hochul’s office.
The Sunrise Wind offshore wind farm is slated to generate about 924 megawatts of electricity, enough to power almost 600,000 homes, and will be located about 30 miles east of Montauk on Long Island. It’s scheduled to start generating power in 2025.
President Joe Biden has set a goal of 30 gigawatts of offshore wind power for the U.S. by 2030, the equivalent of about 30 farms the size of Sunrise Wind, as part of his drive to strip fossil fuels and planet-warming carbon emissions from the nation’s electric grid.
New York State has set a goal of developing at least 9 gigawatts of power by 2035 and reaching zero-emission electricity by 2040.
By Josh Saul, With assistance from Keshia Clukey. © 2021 Bloomberg L.P.
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