Revolution Wind
The Trump administration has slapped Ørsted with a stop-work order on Revolution Wind, a 704-MW project off the New England coast that is 80% complete.
The pace of load growth has picked up across Eversource Energy’s service territories in the Northeast, the company said during its second-quarter earnings call.
Ørsted is pushing ahead with two U.S. offshore wind projects amid potential policy threats but halting development of a much larger U.K. proposal due to rising costs.
Conference attendees are optimistic that the rapidly rising demand for energy will mean the federal government eventually will have to harness wind power.
Eversource Energy executives announced during the company’s year-end earnings call its plan to increase investments in its “core electric and natural gas operations” by $1.9 billion in 2025-2028.
Three companies closely involved in offshore wind power development offered a glum assessment of the sector’s prospects in the U.S.
Ørsted CEO Mads Nipper has been replaced by Deputy CEO Rasmus Errboe.
As overall power production ticked up in New England in 2024, natural gas generation reached its highest annual total in the region’s history, accounting for over 55% of all generation and 51% of net energy for load, according to new data from ISO-NE.
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.
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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