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BloombergNEF offshore wind analyst Chelsea Jean-Michel said there's reason for optimism for the industry in the United States, once it overcomes its growing pains.
Eversource will take a fourth-quarter 2023 impairment of up to $1.6 billion due to the ongoing struggles of its offshore wind joint ventures with Ørsted.
The groups charged with leading New York’s energy transition enter 2024 trying to build on momentum from in 2023 while recovering from its disappointments.
Contracts for renewable energy projects totaling more than 8 GW of capacity in New York have been canceled as developers scramble to get out of unprofitable deals and rebid at higher cost.
Equinor and bp have terminated the offtake agreement with New York for the Empire Wind 2 project.
New York is moving quickly to keep its renewable energy development queue viable, launching solicitations for new onshore and offshore large-scale projects.
Empire Wind is the sixth commercial-scale offshore wind farm to receive approval from the federal government following BOEM's approval.
The village of Ossining is constructing geothermal boreholes using a new law that exempts these boreholes from oil and gas well regulations.
The Alliance for Clean Energy New York convened its annual fall conference amid a turbulent period in New York's clean energy transition.
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