The U.S. Bureau of Ocean Energy Management has approved a large-scale offshore wind power project that it says would power more than 380,000 homes and “create more than 3,000 good-paying jobs.” The Ocean Wind 1 project, to be located off the coast of New Jersey, will have a capacity of 1.1 GW. It is part of a broader plan by the Biden administration to build 30 GW of offshore wind power capacity by 2030. The Ocean Wind 1 project will be led by Danish turbine major Ørsted, which recently revealed plans to invest some $68…
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