Delaware Business Magazine - November/December 2023

Page 12

Member

news&Notes How Delaware Will Benefit from Offshore Wind

BY CHRIS BASON

As America’s offshore wind industry advances, the State of Delaware has taken important steps this year to ensure its businesses and workers enjoy the industry’s immense benefits. As the U.S. offshore wind leader, Orsted is playing a central role in creating an “American-made industry” across the U.S., featuring offshore wind steel components, assembly centers, maintenance facilities, bespoke service vessels, and more.

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Consider our recent progress: • Our South Fork Wind Farm off New York’s coast is now under construction to deliver renewable energy to 70,000 homes in the northeast while creating hundreds of local jobs for New Yorkers. • In Connecticut, our Revolution Wind project received approval from the U.S. Department of Interior, and we’ve begun onshore construction. Revolution Wind will also create hundreds of jobs and apprenticeships, improve local port infrastructure and supply chains, and protect native species and ecosystems across the state.

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• In Maryland, we forged a $72 million partnership with Crystal Steel on the Maryland/Delaware line to supply prefabricated steel components to use across our U.S. project portfolio. We are also enabling Maryland’s first offshore wind advanced foundation component center at Tradepoint Atlantic in Baltimore, creating 145 local jobs. • And in Louisiana, more than 400 workers are building the ECO Edison, America’s first offshore wind service operation vessel that will be servicing offshore wind projects for decades to come. From welders and electricians to engineers and turbine technicians, the offshore wind industry is powering promising careers for thousands of American workers. What does this mean for Delaware? We believe the First State has a strong opportunity to join this growing offshore wind supply chain and make this clean, domestic source of energy a big part of its future. During the first half of this year’s legislative session, lawmakers enacted the Offshore Wind Transmission and Procurement Planning Act. The law commissions a joint study with PJM, the regional electric grid operator serving Delaware and other states, on the local transmission impacts of offshore wind development. The State is also developing a plan for the potential procurement of offshore wind power and has backed a goal to reduce net greenhouse gas emissions by 50% by 2030, creating an even greater

incentive for local clean energy development. Orsted is excited to be developing Skipjack Wind, a 966-megawatt offshore wind project off the Delaware coast that will power nearly 300,000 homes in the region with renewable energy. Skipjack Wind will create hundreds of jobs in Delaware as we make significant investments in modernizing the local electric grid and associated energy infrastructure. This will be a direct injection of capital into the Delaware economy, creating good-paying jobs for Delaware workers. Skipjack Wind will also benefit our environment, as the renewable energy we produce offsets millions of tons of carbon dioxide pollution. As a lifelong Delawarean, I firmly believe offshore wind will strengthen our economy and our environment. Delaware businesses are encouraged to register at www.orstedprocurement. com to be identified for potential contracting opportunities with Skipjack Wind, Orsted’s broader U.S. portfolio, and the suppliers that are delivering our nation’s offshore wind farms and grid-modernization projects. Chris Bason is Orsted’s stakeholder relations lead for Delaware.

November/December 2023

| DELAWARE BUSINESS


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Articles inside

Message from the President

2min
page 4

Newsbites

9min
pages 58-60

The Right Balance in AI Governance

3min
page 56

Raising the Bar on Tech in Delaware

4min
pages 54-55

Investing Where We Live and Work

3min
page 52

Generative AI

3min
page 50

Delaware's Entrepreneurial Mindset

4min
page 48

Delaware is a Tech Hub

3min
page 46

The Next Era of Exploration is Here

3min
pages 44-45

How to Build a Thriving Small City

3min
pages 40-41

Embrace Variety

4min
pages 38-39

We Are All Connected to the Housing Crisis

3min
page 36

Continuing to Evolve

5min
pages 34-35

Delaware Voices & Data

4min
page 32

Making Affordable Housing a Priority

3min
page 31

Superstars in Business Winner: Belfint, Lyons & Shuman, P.A.

4min
pages 28-29

Superstars in Business Winner: Breakwater Accounting + Advisory

4min
pages 26-27

Superstars in Business Winner: NERDiT NOW

4min
pages 24-25

Superstars in Business Winner: Children's Beach House

4min
pages 22-23

Marvin S. Gilman Superstars in Business

3min
pages 20-21

Now is the Time for Tax Relief, Not an Increase

3min
page 15

Funding Success and Equity

3min
page 14

Message from the Chair

3min
page 13

How Delaware Will Benefit from Offshore Wind

3min
page 12

Ambassador Spotlight: Nadir Rasheed

3min
page 11

Diverse Supplier Spotlight: GGA Construction

2min
page 10

Committee Spotlight: Tax & Finance

2min
page 9

Nonprofit Spotlight: American Cancer Society

3min
pages 8-9

Business Spotlight: First Citizens Community Bank

3min
page 7

Legislative Priority: Reflecting on 2023

3min
pages 5-6
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