It's on us. Share your news here.
It's on us. Share your news here.
Mar. 9—The state of New York has conditionally awarded one of two offshore wind projects to Ørsted and Eversource, a move that could translate into more activity at New London’s State Pier. New York announced on Feb. 29 as part of its latest wind solicitation that it had chosen to negotiate with Equinor Wind US… Read More
Avangrid’s 3.5 gigawatt (GW) Kitty Hawk Wind could deliver around $5 billion in economic impact across Virginia – here’s where the project stands. The 180-turbine Kitty Hawk Wind is an offshore wind project proposed in federal waters over 36 miles from Virginia Beach. It will be capable of generating enough renewable power for more than… Read More
If you drive through parts of Texas, California, the Midwest — or look off the coast of several northeastern states — you can see enormous wind turbines, their rotations powering millions of homes as part of a push to make wind part of our country’s energy future. But not so in Florida, a state whose lower… Read More
Today, Ørsted A/S (‘Ørsted’) has priced EUR 750 million of subordinated green hybrid capital securities with final maturity on 14 March 3024 and first reset date on 14 December 2029 (NC5.75). Settlement date of the new issue will be on 14 March 2024. The purpose of the new issue is to refinance Ørsted’s EUR 500… Read More
WIND: Offshore wind industry leaders say former President Trump’s election poses a “terrifying” threat to their already struggling industry, with one official saying that “anyone who is telling themselves that they’ll find a way around it is kidding themselves.” (E&E News) CLEAN ENERGY: Indigenous advocates and tribal governments push back on some Biden administration-backed clean energy development on federal land… Read More
Today, Ørsted A/S held its annual general meeting, where the following decisions were adopted: The audited annual report for 2023 and treatment of loss The audited annual report for 2023 was approved. In accordance with the proposal of the Board of Directors, no dividend is paid out to the shareholders for the financial year 2023…. Read More
The development of Damen’s Offshore Carrier vessel (DOC) was sparked by a desire to increase efficiency. The concept was born when Damen hit upon the idea of combining the tug and pontoon conventionally used in offshore transportation, in a single vessel. Almost immediately, a range of advantages presented themselves. Such a vessel would significantly widen the weather… Read More
Two US offshore wind projects, thrown into doubt last year after inflated supply chain costs rendered them uneconomical, have been awarded new contracts by the New York state government worth just over $US150 per megawatt-hour ($A230/MWh) – almost double the original strike price. New York governor Kathy Hochul says the state hadsawarded two projects for… Read More
The developers of UK offshore wind project Dogger Bank D is abandoning its original plan to produce green hydrogen, preferring instead to just supply electricity into the national grid. Joint developers Britain’s SSE and Norway’s Equinor and Vårgrønn had been exploring the prospect of using the power from the 2 gigawatt (GW) fourth phase extension… Read More
Global investment giants EQT Capital and Temasek are setting the stage for a significant move in the renewable energy sector by initiating the formal sale process of O2 Power, a platform they co-founded in 2019. Barclays has been tasked with the sale, targeting global infrastructure funds and energy companies, as the market witnesses a flurry… Read More
New York’s energy agency, New York State Energy Research and Development Authority (NYSERDA), has conditionally awarded Ørsted and Eversource’s Sunrise Wind project the right to negotiate a 25-year offshore wind renewable energy certificate (OREC) agreement for an offshore wind farm with a maximum capacity of 924 MW. The price per MWh for power generated from… Read More
State officials joined union leaders at a commercial diving school in Camden County on Friday to tout the prospect of new jobs in New Jersey’s growing offshore wind industry. The Eastern Atlantic States Regional Council of Carpenters opened its dive school in Sicklerville two years ago, to train some of the workers that will soon… Read More
This essay is included in Insights 2024, a collection of articles and videos addressing important emerging legal issues in the year ahead. Following a turbulent 2023, the new year brings renewed promise in US offshore wind power development as industry participants adapt to challenges—rising costs, permitting bottlenecks, and global supply chain issues—that have caused difficult headwinds… Read More
A record year for building new wind farms and a rebound in investments in the sector have raised hopes that the EU may achieve its clean energy targets, industry group WindEurope said on Wednesday. In an annual report, WindEurope described 2023 as a year of “significant improvements” in key areas of Europe’s wind energy sector,… Read More
Maine Governor Janet Mills announced that the state selected a section of state-owned Sears Island reserved for port development to support the floating offshore wind industry. The site selection followed an extensive public stakeholder process led by the Maine Department of Transportation and Maine Port Authority to consider the State’s primary port development options. However,… Read More