Interior Department approves first large-scale offshore wind farm in the U.S.

[modrepub]

12. Previous Administration

sat on this one for almost a year then rejected it when the company withdrew it to await the Biden administration. They (the previous administration) were focused on project impacts to fishing and marine wildlife while at the same time fast tracking oil and gas projects.

These could be game changers if they work. If they do get on line and are profitable a lot of fossil fuel combustion will be threatened with replacement. Mostly the old coal plants in the Appalachian coal fields and any leftover oil-fired units. If all of these projects come online and are successful (operate at a profit) then a lot of the combined-cycle gas units that are currently on the drawing board will probably never get built. This would then have an impact on the Marcellus and Utica shale plays (potentially less drilling and development).

Interesting times.