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New York officials on Tuesday said the state has awarded conditional contracts to three offshore wind projects as part of a massive renewable energy procurement that will provide 12% of the state’s power needs in 2030. The announcement, which the state billed as the nation’s largest ever investment in offshore wind, comes less than two… Read More
TotalEnergies has sold its minority stake in the 3GW Attentive Energy offshore wind project to Corio Generation, an offshore wind developer, and Rise Light & Power, a New York-based electricity producer. The French oil and gas giant has sold 27.7% and 16.3% stakes in the project to Corio and Rise respectively, for a total of $420m (€395m). The… Read More
Rhode Island is moving forward with the state’s largest renewable energy solicitation after announcing it would form a three-state partnership with Connecticut and Massachusetts to review and coordinate a regional approach to offshore renewable energy. At the same time, Rhode Island is also providing additional latitude to developers to provide possible avenues to address the… Read More
During an Oct. 18 Coastal Protection and Restoration Authority board meeting, researchers released a new report examining the growth potential for wind in the Gulf of Mexico, including estimates of revenue from federal offshore wind lease bids, rents and operating fees. The report, “Winds of Change: Navigating the Gulf of Mexico’s New Energy Frontier,” was… Read More
Cape May County filed a federal lawsuit Tuesday against multiple federal agencies and their leaders, alleging that federal regulators have abandoned their obligation to protect the environment and Atlantic coastal marine life in favor of an “inappropriate collusion” with the developer of a proposed offshore wind energy farm. The county is joined by fellow plaintiffs… Read More
Judge Indira Talwani of the US District Court for the District of Massachusetts has rejected another challenge to federal permits and approvals for the Vineyard Wind Project (Vineyard Wind or the Project). Vineyard Wind is under construction off the coast of Massachusetts and will be the first modern utility-scale offshore wind energy project in the… Read More
The US Bureau of Ocean Energy Management (BOEM) identified a draft wind energy area (WEA) in the Gulf of Maine, opening a 30-day public review and comment period. The draft WEA covers about 3,519,067 acres offshore Maine, Massachusetts and New Hampshire, ranging from about 23 to 120 miles off the coast. BOEM says, “The Gulf… Read More
The US Government and federal agencies are resolute in their support for the offshore wind sector, despite a series of recent setbacks. According to analysis from a consultancy Intelatus Global Partners, the US Government and federal agencies are resolute in their support for the offshore wind sector, despite a series of recent setbacks. Offshore wind leasing is… Read More
An affiliate company within the DEME Group has been awarded a new offshore wind contract in Taiwan. Leading renewable energy company Ørsted has contracted CDWE, the joint venture between DEME and Taiwanese shipbuilder CSBC, to carry out seabed levelling and scour protection for the Greater Changhua 2b and 4 offshore wind farms. The scope of work incorporates seabed… Read More
Ørsted has signed an agreement to divest 50% of the Gode Wind 3 Offshore Wind Farm in Germany to funds managed by Glennmont Partners from Nuveen (“Glennmont”). Glennmont is one of Europe’s largest fund managers, focused exclusively on investments in clean energy infrastructure. It is owned by Nuveen, a TIAA company and global asset manager… Read More
Ørsted and Cathay Life Insurance have agreed to an exclusivity period lasting until 17 January 2024, during which both parties will finalise negotiations of the transaction documents and confirmatory due diligence. Under the Taiwan Stock Exchange disclosure rules, Cathay Life Insurance is required to make a public announcement upon being selected as preferred bidder. Subject… Read More
Two large wind farms that are significant projects for the UK each marked milestones in the past week. While newer development projects are struggling, experts pointed to the progress of these wind farms saying they continue to demonstrate the strong contribution the industry will make to providing clean, renewable energy. In Scotland, the Seagreen wind… Read More
Rhode Island is moving forward with the state’s largest renewable energy solicitation after announcing it would form a three-state partnership with Connecticut and Massachusetts to review and coordinate a regional approach to offshore renewable energy. At the same time, Rhode Island is also providing additional latitude to developers to provide possible avenues to address the… Read More
The U.S. offshore wind industry continued its forward progress despite severe financial challenges in the third quarter of 2023, according to the Business Network for Offshore Wind’s U.S. Offshore Wind Quarterly Market Report. The report’s highlights included construction progress at the nation’s first two commercial-scale projects, Vineyard Wind and South Fork Wind. The two projects are close… Read More
EUREKA — If the American West represents the “geography of hope,” as author Wallace Stegner wrote, then what better place than California’s far north to illustrate the eternal tension between the limitless potential of big ideas and the brutal disappointment of broken dreams? The Golden State’s verdant North Coast, a great empire of trees and… Read More