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Maryland sets course for overseas wind energy expansion with new legislation

Maryland Guv Wes Moore signed a. bill aimed at reviewing and potentially modifying existing. offshore wind job strategies, setting the stage for the state's. objective of attaining 8,500 megawatts of offshore wind energy. capacity by 2031.

The expense signed on May 9 will empower the Maryland Public. Service Commission (PSC) to open procedures to assess. offshore wind projects, consisting of overseas wind renewable resource. credit (OREC) prices.

The costs, which assists in the increase of the maximum. amount of ORECs sold under certain conditions, will work. from June 1 when the PSC will open a modified round 2 offshore. wind task proceeding.

The costs will enable the state to reallocate the assistance. awarded to Orsted's Skipjack task, from whose power purchase. agreement the designer withdrew, to other eligible offshore. wind jobs, OffshoreWIND.biz, an online media platform wrote. on Monday.

Denmark's Orsted, the world's greatest overseas wind company,. stated in late January it was leaving a deal to provide offshore. wind power to Maryland from Skipjack since the previously. agreed contract was no longer commercially feasible.

The legislation likewise mandates the PSC to report on a. extensive prepare for the state's overseas wind procurements. through 2031. This plan will set out a course for future overseas. wind energy tasks.

(source: Reuters)