US approves major Massachusetts offshore wind farm
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 20 2024
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Should l Buy ?
Source: Reuters
Biden Administration's Offshore Wind Approval: The Biden administration has approved its eleventh large-scale offshore wind farm, SouthCoast Wind, a joint venture between EDP Renewables and ENGIE, aiming to establish a new domestic energy industry despite challenges facing the sector.
Project Details and Future Plans: SouthCoast Wind is set to generate up to 2.4 gigawatts of energy, enough for over 840,000 homes, with construction expected to begin next year and power delivery planned for the end of the decade.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
