Home Economy Economic Activity Ørsted proposes $4M environmental justice fund with Starboard Wind project

Ørsted proposes $4M environmental justice fund with Starboard Wind project

By

Jacquelyn Voghel

-

08/21/2024

image_2024-08-21_125811144 — ØRSTED A/S announced that it will provide $4 million for an environmental justice fund, to be administered by the Rhode Island Foundation, if it receives approval for its Starboard Wind development. / COURTESY DEEPWATER WIND LLC

PROVIDENCE – Ørsted A/S will provide $4 million for an environmental justice fund if its Starboard Wind development is approved, the renewable energy company announced on Wednesday. The fund, which would be administered by the Rhode Island Foundation, would provide “capacity-building grants to environmental justice organizations across Rhode Island supporting the clean energy transition,” Ørsted

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PROVIDENCE – Ørsted A/S will provide $4 million for an environmental justice fund if its Starboard Wind development is approved, the renewable energy company announced on Wednesday. The fund, which would be administered by the Rhode Island Foundation, would provide "capacity-building grants to environmental justice organizations across Rhode Island supporting the clean energy transition," Ørsted said in a company announcement. In March, Ørsted proposed Starboard Wind, a 1,184-megawatt development that would serve Rhode Island and Connecticut. The Danish offshore wind company did not disclose an estimated cost for the project. If approved, Ørsted, which has an office in Providence, would establish the wind farm in the federal Lease 500 waters located off Block Island. “Clean energy and environmental justice go hand-in-hand, and we are committed to ensuring that Rhode Island’s clean energy transformation is complemented by efforts to protect our most vulnerable communities from the worsening effects of climate change,” said David Ortiz, director of external affairs for Ørsted's northeast region. “Over our decade of partnership with Rhode Island, we are proud to have worked with so many talented community partners dedicated to the cause of environmental justice," Ortiz continued in a statement. "As we plan for the next chapter in our state’s clean energy story with Starboard Wind, we look forward to continuing to support this important work, in collaboration with the Rhode Island Foundation, to build a cleaner and safer Rhode Island.” Ørsted says that the Starboard Wind project would create at least 3,800 full-time jobs, with "nearly all" based in Rhode Island. This workforce would include 100 union construction jobs at ProvPort. Ørsted has already received approval to construct Revolution Wind, located about 17 miles off the coast of Point Judith, which will provide renewable energy to Rhode Island, Massachusetts and Connecticut when complete. That project, initially slated for completion in 2025, has been delayed to 2026 due to construction obstacles, which Ørsted said will also increase expenses. Other nearby Ørsted projects include the South Fork and Sunrise Wind projects. Jacquelyn Voghel is a PBN staff writer. You may reach her at Voghel@PBN.com.