Tag - Offshore

New York City Will Get an 80,000-Acre Offshore Wind Farm with a $3 Billion Investment

The bustling, power-hungry metropolis of Manhattan. Credit: PixabayNew York City is set to welcome its own offshore wind farm. The Empire Wind 1 project has secured a $3 billion financing package and is slated to begin operations in 2027, providing power to about half a million residents. So, what’s the catch?In the energy industry,...