Offshore Wind Power
Office of Gov. Gavin Newsom
California lawmakers may consider extending the state’s landmark cap-and-trade program, following a request from Gov. Gavin Newsom in his 2025/26 budget proposal.
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Delaware has finalized a benefit agreement with US Wind for allowing the developer to use a state park to run export cables from the offshore wind farms it hopes to build.
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New Jersey in 2025 faces the added uncertainty of a likely contentious governor’s race to replace clean energy champion Gov. Phil Murphy and his release of a new energy master plan.
CS WIND Offshore
President-elect Trump said he would halt offshore wind power development, but how big of an impact he will have on the industry remains to be seen.
Equinor
Equinor has closed on the finances for Empire Wind 1, a major milestone for a New York project expected to accrue $5 billion in capital costs over the next few years.
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Renewable energy industry analysts, representatives and environmental advocates say New York is in a better position than many others to make progress on its renewable energy goals during a second Trump administration.
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Vineyard Offshore no longer plans to proceed with its bid for the 1,200-MW Vineyard Wind 2 project following Connecticut’s decision not to buy power from the project.
BOEM
Requests that two developers submitted this year have prompted BOEM to start planning a 2026 offshore wind auction in the Gulf of Mexico.
BOEM
Federal regulators continue to advance offshore wind energy development, issuing a key approval for a Maryland proposal and smoothing the way for as many as six future projects in the New York Bight.
RWE
RWE, which holds offshore wind leases off the Atlantic, Pacific and Gulf coasts, said it is pausing capital expenditures on development there for two years due to increased risk and uncertainty.
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