A new player is entering the fold in New England’s burgeoning offshore wind sector. After years of testing the waters, Connecticut has finally jumped into the offshore wind game with a recently passed target of 2,000 megawatts by 2030. On June 4, the state legislature approved a bill establishing the offshore wind mandate, and Governor Ned Lamont signed the legislation later that same week.

Vastly higher clean energy targets are essential to empower the international community to make the leap to a sustainable future, according to Richard Heinberg, coauthor of “Our Renewable Future: Laying the Path for One Hundred Percent Clean Energy.” In this interview, he delves into the practical challenges involved in the global transition to renewable power sources.

Developers in the United States believe that there is still room to maintain an adequate level of return for their power-purchase agreements (PPAs). Electricity prices in recent years have plummeted both for PPAs and in the wholesale market. Even so, developers believe that they can benefit from the expected decrease in capital costs and the increasing clean energy interest from companies.