Offshore Wind Industry Driving Push For California Power-Buying Entity

The offshore wind industry is playing a leading role in California Gov. Gavin Newsom’s (D) push for lawmakers to approve controversial legislation to establish a new “central procurement” process with a state power-buying entity, with industry leaders considering it imperative for the state to provide the needed capital to back the long-term, risky ventures. “I was at the Pacific Coast wind convention yesterday [in Sacramento] . . . and all of the panelists said the same thing -- if we...