Floating wind startup Aikido Technologies announced the close of its over-subscribed $4 million Series Seed investment round. The financing was led by Azolla Ventures with participation from Propeller Ventures, Sabanci Climate Ventures, Cisco Foundation…
India's cabinet has approved funding program for offshore wind energy projects at a total cost of 74.52 billion rupees ($893.60 million), the government said in a statement on Wednesday.India, one of the world's biggest emitters of greenhouse gases…
Norway's sovereign wealth fund has bought a 37.5% stake in the 573 megawatts operational wind farm Race Bank offshore Britain for 330 million pounds ($418 million), it said on Monday.The Norwegian fund would also become responsible for a debt facility of 644 million pounds…
Tapping tidal flows for power generation has long been an elusive goal for clean-energy advocates. Formidable hurdles in logistics, technology and public acceptance make plans far from certain.Orcas Power and Light Cooperative (OPALCO) has quietly…
Japan, a major coal and liquefied natural gas (LNG) buyer, could be energy-independent by 2060 thanks to expansion of solar and wind power together with storage batteries, said Jarand Rystad, chief executive of the Rystad Energy consultancy…
The United States' Bureau of Safety and Environmental Enforcement (BSEE) said it has conducted an inspection at the South Fork Wind project, marking the agency’s first inspection of an operational offshore wind turbine in U.S. waters. Located offshore New York and Rhode Island…
A groundbreaking ceremony on Monday signaled the start of construction on what will be the nation’s largest dedicated offshore wind port at the South Brooklyn Marine Terminal (SBMT) in New York City.The 73-acre site that will serve as the operations and maintenance hub for Equinor's Empire Wind 1…
Germany plans to build more wind turbines in the North and Baltic seas than originally planned, a draft plan by the maritime authority showed on Friday, as Berlin aims to have 70 gigawatts of offshore wind energy by 2045.Germany's Maritime and…
The Bureau of Ocean Energy Management (BOEM) issued on Thursday its final environmental analysis that found 'no significant impacts' from leasing Central Atlantic coastal areas for potential offshore wind development off the Delaware, Maryland…
The New York State Energy Research and Development Authority (NYSERDA) said on Tuesday it had finalized contracts for Equinor's Empire Wind 1 and Orsted's and Eversource's Sunrise Wind offshore wind projects.NYSERDA in February awarded conditional…
New Jersey officials said the state will receive $125 million from a legal settlement with Denmark's Orsted ORSTED.CO over the company's cancellation last year of two offshore wind farm projects.The New Jersey Board of Public Utilities said…
It certainly has been an active few months in the U.S. offshore wind space.Despite some ongoing issues, the fundamentals are looking surprisingly positive in the context of what has taken place over the last 12 months. In fact, the key concern…
Europe's largest utility Iberdrola will keep betting on offshore wind in the coming years, roughly tripling the value of its assets in the sector to 17 billion euros ($18 billion), Executive Chairman Ignacio Sanchez Galan told shareholders on Friday…
Foundation installation work has commenced for the second phase of what will become the world’s largest offshore wind farm, Dogger Bank, in the U.K. North Sea.Seaway7’s vessels Seaway Strashnov and Seaway Alfa Lift have commenced installation…
Maryland Governor Wes Moore signed a bill aimed at reevaluating and potentially revising existing offshore wind project plans, setting the stage for the state's goal of achieving 8,500 megawatts of offshore wind energy capacity by 2031.The bill…
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