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Copenhagen – Today, Cadeler A/S (“Cadeler” and, together with its subsidiaries, the “Group”) has published its Q3 Earnings Release, delivering in line with expectations and reporting a backlog approaching EUR 2.4 billion, underscoring consistently strong market demand. In Q3, Cadeler welcomed the Wind Peak, the latest addition to its fleet, purpose-built to meet the evolving… Read More
Equinor nabbed billions in financing to build Empire Wind. Equinor said Thursday it had secured $3 billion in financing to build Empire Wind, an offshore wind project off the coast of New York that could power 500,000 homes. The announcement means Equinor is officially moving forward with the 810-megawatt facility as President-elect Donald Trump is… Read More
Louisiana’s Coastal Protection and Restoration Authority has made significant headway in its mission to protect the state’s vulnerable coastline, showcasing 109 active projects in its latest annual report. These initiatives include hurricane protection, wetland restoration, and community resilience efforts, all vital to mitigating the effects of erosion and climate change. The CPRA recently highlighted 16… Read More
Equinor’s Empire Wind 1 project in the US has now secured a project financing package of over USD 3 billion. Financial close was reached at the end of December 2024. Empire Wind 1 will power 500,000 New York homes and is expected to reach its commercial operation date in 2027. The expected total capital investments,… Read More
In support of the Biden-Harris administration’s goals to deploy 30 gigawatts (GW) of offshore wind energy capacity by 2030 and 15 GW of floating offshore wind energy capacity by 2035, the Bureau of Ocean Energy Management (BOEM) today announced the publication of a Call for Information and Nominations (Call) for possible wind energy leasing off… Read More
On Friday the president-elect demanded the country ‘open up’ the ageing North Sea oil and gas basin and get rid of wind farms US president-elect Donald Trump on Friday criticised the British government’s energy policy with a demand the country “open up” the ageing North Sea oil and gas basin and get rid of wind… Read More
Leading Light Wind had already received one pause on its project from the New Jersey Board of Public Utilities, which acknowledged the difficulty the project has had in finding a manufacturer for the blades. A New Jersey offshore wind project is seeking a second delay, saying it still can’t find someone to build crucial equipment for the turbines in… Read More
ATLANTIC CITY, N.J. (AP) — A New Jersey offshore wind project is seeking a second delay, saying it still can’t find someone to build crucial equipment for the turbines in the latest patch of turbulence striking the industry. Leading Light Wind had already received one pause on its project from the New Jersey Board of Public Utilities, which… Read More
Further to the announcement issued on 30 October 2024, Ørsted has now completed the divestment of 12.45 % minority stakes of the four UK offshore wind farms Hornsea 1, Hornsea 2, Walney Extension, and Burbo Bank Extension to Brookfield. About Ørsted The Ørsted vision is a world that runs entirely on green energy. Ørsted develops, constructs, and… Read More
Today, Ørsted announced it is divesting a 50 % equity stake in three US onshore projects to Energy Capital Partners (ECP), a leading energy transition-focused investor and the largest private owner of power generation and renewables in the US. The farm-downs include two solar farms in Texas, Mockingbird Solar (468 MW) and Sparta Solar (250… Read More
France’s Transmission System Operator RTE is building an offshore power grid to connect future wind farms. For two floating wind farms off the coast of Southern Brittany, with a total installed capacity of 750 MW, RTE now awarded a framework agreement to Jan De Nul, in partnership with Hellenic Cables, to supply and install the… Read More
In a joint op-ed for RealClearEnergy, AWO President & CEO Jennifer Carpenter and American Clean Power Association Vice President for Offshore Wind Anne Reynolds emphasize the critical role American maritime plays in offshore wind development. Read more…
WASHINGTON — The Biden-Harris administration today announced the approval of the SouthCoast Wind Project – the nation’s 11th commercial-scale offshore wind energy project approved under President Biden’s leadership. With today’s approval, the Department and its Bureau of Ocean Energy Management have approved over 19 gigawatts (GW) of clean energy from offshore wind energy projects – enough… Read More
Ørsted announced it is divesting a 50% equity stake in three U.S. onshore projects to Energy Capital Partners (ECP), a leading energy transition-focused investor and the largest private owner of power generation and renewables in the US. The farm-downs include two solar farms in Texas, Mockingbird Solar (468 MW) and Sparta Solar (250 MW), and… Read More
BOSTON — December 16, 2024 — Ørsted announced today it has selected Amanda Dasch as its new Region Americas CEO, tapping a seasoned executive with leadership experience in the U.S. energy sector and several international markets. “We’re thrilled to welcome Amanda to our leadership team and to draw from her 20+ years of energy experience… Read More