Eversource began its anticipated departure from the offshore wind sector, announcing it would sell its interest in an uncontracted New England lease to Ørsted.

Eversource’s 2022 earnings were hit by continued uncertainty over its offshore wind portfolio despite record profits, the company said in a call with analysts.

Two major offshore wind power developers are warning again of economic problems with projects off the New York and New England coasts.

Wind power development off the Northeast U.S. coast continued to advance in 2022, with New York especially seeing a "banner year," according to an OSW advocate.

Sunrise Wind cleared a significant regulatory hurdle after the New York PSC approved a certificate of environmental compatibility and public need.

New York officials, who may double the state's current 9-GW offshore wind target, explained the "mesh-ready" design for a future offshore grid.

Sen. Mike Barrett is concerned that removing the OSW procurement price cap would open Massachusetts to higher project prices seen in neighboring states.