American Daddy Trader
  • Politics
  • Business
  • Stock
  • Editor’s Pick
  • Politics
  • Business
  • Stock
  • Editor’s Pick

American Daddy Trader

Business

A key to Biden’s lagging wind energy goal will set sail after the election

by admin July 1, 2024
July 1, 2024
A key to Biden’s lagging wind energy goal will set sail after the election

BROWNSVILLE, Texas — The United States is producing less than 1% of the wind power it wants to generate by 2030. But an enormous boat promising to change that is about 89% built, and when it’s done next year, the real race to catch up begins.

The ship, named the Charybdis after a mythological Greek sea monster, won’t set sail until next year, potentially after one of the most pro-green energy administrations in history has left the White House. And as Eric Hines, the director of Tufts University’s offshore wind energy graduate program, puts it, “We’re going to need somewhere on the order of five of these installation vessels in just a few years.”

The Biden administration wants the U.S. to generate 30,000 megawatts from wind power within the next five and a half years. As of last year, that figure stood at just 42 megawatts, putting the nation far behind Europe — which added 18,300 megawatts of new wind energy capacity in 2023 alone, according to WindEurope.

The Charybdis under construction at a Brownsville, Texas, shipyard.Dominion

In recent years, constructing massive offshore windmills has come with headwinds from supply chain snags to higher interest rates. But the U.S. faces an added logistical puzzle from a 100-year-old maritime law that, along with those other factors, has contributed to project delays and even cancellations.

The outcome of November’s election isn’t likely to affect the Charybdis, whose operator plans to take advantage of green energy tax credits in the Inflation Reduction Act. But the prospect of a new administration much less keen on renewables could hamper additional projects.

Republican presidential candidate Donald Trump claimed at a New Jersey rally in May that offshore wind installations harm whales, saying, “We are going to make sure that ends on day one. I am going to write it out in an executive order.” (“There are no known links between large whale deaths and ongoing offshore wind activities,” the National Oceanic and Atmospheric Administration has said.)

The first major parts of the boat were laid down in 2020, kicking off a $625 million project between Dominion Energy and Seatrium AmFELS, which is building the massive vessel in its Brownsville, Texas, shipyard. At over 30,000 tons and with 58,000 square feet of deck space, the Charybdis will be able to transport 12 blades at a time, each measuring 357 feet and weighing 60 tons.

We’re going to need somewhere on the order of five of these installation vessels in just a few years.

Tufts University Prof. Eric Hines

Just as important as its technical specs, the boat will also be able to meet the requirements of the Jones Act, a 1920 merchant marine law that says cargo shipped from one point to another within the U.S. must be carried by an American vessel. And so far, there’s no American vessel capable of carrying wind turbine parts directly from shore to installation sites miles off the coast.

The Charybdis’ first project will be Dominion’s offshore wind farm under development 24 miles east of Virginia Beach. Once completed, its 176 turbines are expected to deliver 2,600 megawatts of energy, enough to power over 900,000 homes. But to install its first two pilot turbines, it had to stage the parts in Canada to comply with the Jones Act, adding long travel times and related costs.

“Obviously, you don’t want to install a large project like that,” said Mark Mitchell, the Dominion Energy senior vice president overseeing the Coastal Virginia Offshore Wind project — which, at $9.8 billion, is currently the largest and priciest in the country.

This post appeared first on NBC NEWS

previous post
‘Inside Out 2’ tops $1 billion at the global box office, first film to do so since ‘Barbie’
next post
Trump advisers seek to simplify Republican Party platform, memo says

You may also like

Why Chappell Roan and other artists find themselves...

February 9, 2025

NFL-backed group lines up ‘Sunday Ticket’ streaming for...

July 4, 2024

China opens probe into Nvidia, accusing company of...

December 11, 2024

Boeing, Alaska Airlines point fingers at each other...

March 14, 2024

Trump Media stock erases all gains since it...

April 9, 2024

Walgreens announces price cuts on 1,300 items amid...

May 30, 2024

Flagging sales and Elon Musk’s political activities are...

March 17, 2025

Elon Musk and Sam Altman spar over Trump’s...

January 25, 2025

Amazon and Nvidia say AI data center demand...

April 25, 2025

Inflation vs. wages: How rising prices stack up...

June 27, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • MACD + ADX: Spot the Pullbacks Worth Trading

      May 23, 2025
    • S&P 500 Slide Explained: What Past Price Action Reveals About Market Dips

      May 23, 2025
    • House GOP leadership takes victory lap after passing Trump’s ‘one big, beautiful bill’

      May 23, 2025
    • White House shuts down reporter’s ‘ridiculous’ challenge of White South African farmer deaths

      May 23, 2025
    • Antisemitic shooting of Israeli diplomats adds to alarming rise in domestic terrorism

      May 23, 2025

    Archives

    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024

    Categories

    • Business
    • Editor's Pick
    • Politics
    • Stock
    • Uncategorized
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 americandaddytrader.com | All Rights Reserved