Offshore Wind (OSW)
The California electric resource portfolio incorporates 63 GW of clean energy and new storage by 2035 and will be sent to CAISO for use in its 2025/26 transmission planning process.
Beacon Wind has paused its efforts to build an underwater transmission line into New York City.
Three companies closely involved in offshore wind power development offered a glum assessment of the sector’s prospects in the U.S.
Dominion Energy reported that its Coastal Virginia Offshore Wind project will cost 9% more than initially expected, thanks to higher-than-expected PJM network upgrade costs.
Gov. Phil Murphy called offshore wind a “once-in-a-generation opportunity” to build a new industry and create jobs, but said he supported the BPU’s decision.
Atlantic Shores said its offshore wind project in New Jersey will continue despite Shell's exit, which caused the oil supermajor a $1 billion impairment.
Government affairs experts previewing New England’s 2025 legislative sessions outlined some key policy overlaps and notable differences among states during a webinar held by the Northeast Energy and Commerce Association.
The Bureau of Ocean Energy Management has approved Vineyard Wind 1’s plan to replace additional installed blades in the wake of a major blade failure in the summer, and resume operation.
The order does not affect existing onshore or offshore wind leases, but it sets up potential challenges by directing a comprehensive review.
Cost increases, delays and diminished value of assets contributed to Ørsted's latest setback — which was announced before President Trump targeted offshore wind in an executive order.
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