Orsted
Eversource Energy has formally ended its costly foray into offshore wind development, finalizing the sale of its last two offshore assets and predicting a half-billion-dollar loss as a result.
The BPU approval gives offshore wind developer Invenergy time to find an economically viable turbine before committing more resources to the project.
Ørsted gathered industry, labor and environmental officials to mark some milestones in preparation for construction of Sunrise Wind and in the development of New York's offshore wind industry.
Ørsted has run into new delays that will push back completion at least one of the two offshore wind farms it is building in U.S. waters.
New Jersey’s Board of Public Utilities awarded $3.4 million in grants to 18 proposals under a new program designed to help municipalities implement clean energy projects.
The Bureau of Ocean Energy Management has given the go-ahead to New Jersey’s foremost offshore wind project, the 1,510-MW Atlantic Shores Offshore Wind.
Sunrise Wind has received final federal approval of its construction and operations plan and expects to begin seabed preparations off the New England coast this year.
Offshore wind executives and government officials expressed tentative optimism at an offshore wind conference about the industry’s rebound from last year’s spate of contract cancellations.
A new analysis prepared for the Sierra Club concludes offshore wind energy would be a money-saver for New Englanders, despite the high cost of construction.
Two offshore wind projects have rebounded from the financial turmoil of 2023, finalizing replacement contracts with New York for 1,734 MW of capacity.
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