Norway's Equinor said on Thursday it had entered an agreement with BP BP.L to independently pursue separate wind projects under its bid for New York's offshore wind auctions.As part of the agreement, BP would take over full control of the Beacon Wind project…
The U.S. offshore wind industry reached an important milestone on January 2 when Vineyard Wind 1, the country’s first large scale project, supplied first power to the Massachusetts grid.“As the nation’s first utility-scale offshore wind farm this is a fairly momentous event…
The U.S. offshore wind industry is eying a brighter 2024, with work expected to start on several projects following a year marked by stalled developments and billions of dollars in write-offs.The offshore wind industry is expected to play a major role in helping several states and U…
Massachusetts, Connecticut and Rhode Island extended on Thursday the date bids are due in the states' next offshore wind solicitations from Jan. 31 to March 27.Offshore wind is expected to play a critical role in U.S. President Joe Biden's and…
Danish energy firm Orsted's shock decision to cancel two offshore wind farms off New Jersey this week was based in large part on big delays securing the ship it needed to build the project, company officials said.The world's biggest offshore wind…
European energy firms Equinor and BP terminated their agreement to sell power to New York state from their proposed Empire Wind 2 offshore wind farm, citing rising inflation, higher borrowing costs, and supply chain issues.'This agreement reflects…
Denmark's Orsted said on Tuesday that its finance and operations chiefs were stepping down with immediate effect after the offshore wind farm developer earlier this month reported large financial losses.The search for successors to Chief Financial…
Canadian pipeline company Enbridge is keen on further offshore wind investments in France, but will avoid the United States, where cost and supply chain problems have contributed to offshore projects collapsing, a senior executive said.Rising costs have led to canceled projects in the U…
Danish energy company Orsted's South Fork offshore wind farm off New York State delivered its first power to the state's power grid, according to a press release by New York Governor Kathy Hochul on Wednesday.The announcement is a bit of positive…
New York released a new offshore wind solicitation on Thursday to keep the state on track to meet its renewable energy goals and support a nascent industry that has faced financial trouble in recent months.Offshore wind is expected to play a…
Denmark's Orsted said on Wednesday it had recorded a 28.4 billion Danish crowns ($4.03 billion) impairment charge for the first nine months of 2023, and that it will cease work on its U.S. offshore wind projects Ocean Wind 1 and 2.The world's…
The U.S Federal Permitting Improvement Steering Council on Thursday approved the construction of a $1.5 billion offshore wind farm off the coast of Rhode Island.The project, Revolution Wind, is run by Danish company Orsted and U.S.-based Eversource…
European energy companies, including Denmark's Orsted, will likely write down more of their U.S. offshore wind investments this week after BP and Equinor booked $840 million in impairments in recent days.Orsted, the world's largest offshore wind developer…
More than 100 countries at the COP28 climate summit in Dubai have agreed to triple renewable energy capacity by 2030 - one of the least controversial commitments floated at the conference.But they have given little detail on how they can make an industry running flat out go that much faster…
Denmark's Orsted is still 'committed' to developing offshore wind farms in the United States despite the company's cancellation of two projects off the coast of New Jersey, White House senior advisor John Podesta told Reuters on Monday.Podesta…
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