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The phrase “save the whales!” — used by opponents of renewable energy — has been weaponized to baselessly tie New Jersey’s offshore wind development to the unusual mortality event (UME) impacting marine life. Republicans have used this event as a political prop. Federal agencies and outside experts have noted that the heightened spate of strandings is likely due to… Read More
Orsted executives said they may be forced to write down the value of their planned U.S. offshore wind energy projects by $2 billion, in an Aug. 30 earnings call. That news led to a 25 percent drop in Ørsted’s stock price. It’s an ominous escalation of bad news for U.S. offshore wind development, beset by… Read More
As part of the continued maturation and a pre-final investment decision (FID) review of its near-term US offshore development projects, Ørsted has assessed the aggregate adverse impacts relating to the supply chain, lack of favorable progress in Investment Tax Credit (ITC) guidance, and increased interest rates, which affect its US portfolio. The Ocean Wind 1,… Read More
By Jennifer A. Dlouhy (Bloomberg) — The first-ever US government auction of leases to build wind farms in the Gulf of Mexico ended with only one tract sold, a blow for advocates cheering on renewable-power development in the region. RWE Offshore US Gulf LLC won a 102,480-acre (41,472-hectare) tract near Lake Charles, Louisiana, for $5.6 million, after just… Read More
WASHINGTON, D.C., August 29, 2023 – The American Clean Power Association (ACP) issued this statement by Josh Kaplowitz, ACP Vice President of Offshore Wind, on today’s offshore wind lease auction for the Gulf of Mexico held by the Bureau of Ocean Energy Management (BOEM): “While today’s auction fell short of expectations, it is nonetheless a critical step… Read More
Anyone taking the temperature of local support this summer for wind farms planned off the Long Beach Island coast would know it runs near frigid most days. Still, Atlantic Shores Offshore Wind submitted a bid to the N.J. Board of Public Utilities earlier this month to expand its initial wind farm project, first approved in… Read More
By focusing on fewer business areas and regions, Maersk Supply Service will increase its presence in core markets, increase synergies in its operations and improve profitability. Going forward its two core business areas will be offshore wind and offshore support vessels (OSV). The offshore vessel markets continue to improve, and the energy transition continues to… Read More
Dutch offshore contractor Boskalis has expanded its offshore energy fleet with the acquisition of the 2009-built Apache II pipe-laying vessel from TechnipFMC’s UK arm. The pipe-layer, to be renamed the Boka Ocean, is currently in the Port of Rotterdam being prepared for the modification to a cable-laying vessel. No financial details have been disclosed. According to Boskalis, it… Read More
LAST YEAR, the Biden administration announced an ambitious goal: enough offshore wind to power 10 million homes by 2030. The move would reduce carbon emissions, create jobs, and strengthen energy security. It would also help the United States — which was responsible for just 0.1 percent of the world’s offshore wind capacity last year — catch up with renewable energy… Read More
Federal officials’ announcement of two draft wind energy areas off the Oregon coast poses danger to fisheries, jobs and the state’s coastal environment, the Confederated Tribes of the Coos, Lower Umpqua and Siuslaw Indians say. The Bureau of Ocean Energy Management’s proposal “was premature and threatens fisheries, local fishing jobs, and some of Oregon pristine… Read More
10. Offshore Wind Resources Are Abundant: Offshore wind has the potential to deliver large amounts of clean, renewable energy to fulfill the electrical needs of cities along U.S. coastlines. Under conditions that foster offshore wind utilization, the National Renewable Energy Laboratory estimates that the technical resource potential for U.S. offshore wind is more than 4,200 gigawatts of… Read More
Morgan Stanley Investment Management (“MSIM”), through Morgan Stanley Infrastructure Partners (“MSIP”), and U.S. maritime, energy and logistics solutions leader Crowley announced today the creation of a new joint venture to advance offshore wind energy solutions for the United States. The joint venture will strategically combine Crowley’s end-to-end maritime and logistics capabilities through the newly created Crowley… Read More
HD Korea Shipbuilding & Offshore Engineering, a core subsidiary of HD Hyundai, has delivered the world’s first ship equipped with an “AI engineer.” Recently, HD Korea Shipbuilding & Offshore Engineering announced that it delivered a 180,000-ton Liquid Natural Gas (LNG) powered bulk carrier equipped with an AI-based automation solution to H-LINE Shipping. The ship was… Read More
Over the next decade, many offshore wind turbines are set to be installed off the coast of the U.S. “Offshore wind is a growing industry in the United States. There’s a lot of excitement, a lot of different companies, developers coming into the space,” says Jeremy Stefek of the National Renewable Energy Laboratory. Stefek is… Read More
Clean Energy Wire / dpa Electricity transmission system operator (TSO) Amprion announced plans to build power lines to bring electricity from wind turbines in the North Sea to consumers in power-hungry western Germany. The energy corridor, nicknamed “Windader West”, has a transfer capacity of eight gigawatts (GW) to bring offshore wind power to the state of North Rhine-Westphalia by… Read More