The United States must speed up project permits if it is to meet the Biden administration’s 2030 target for offshore wind power, major developer Orsted (ORSTED.CO) said on Thursday. The United States, with just two small offshore wind facilities, has lagged European nations in developing the renewable energy technology. read more The administration of President Joe Biden has set a goal to install 30 gigawatts (GW) of offshore wind power capacity in U.S. waters by 2030 – nearly the amount that already exists in Europe’s two-decade old industry. Yet it can take as much as 10 years to plan and build new projects. “To have 30 GW installed by 2030 will mean that permitting processes need to be expedited,” Orsted’s chief commercial officer and deputy CEO Martin Neubert told Reuters. Neubert spoke a day after New Jersey regulators announced that Denmark’s Orsted and a […]