Climate Changed
Wind Woos With Millions in Perks Amid U.S. Offshore Rush
- New York-New England wind market could reach $70 billion
- Communities, ports, fisherman all get nudged for approval
This article is for subscribers only.
Want to spruce up your downtown, or maybe get $10 million to support workforce training at the local college? How about investments to help rebuild aging ports and establish trust funds for your fisherman?
A U.S. unit of Denmark’s Orsted A/S is now dangling all of those perks in its push to be an early developer of offshore wind in a potential $70 billion East Coast market. The target of the largesse: Community groups with political muscle, the ability to shape public sentiment and access to lawyers.