As Wind Industry Struggles, Investors Brace for Orsted Losses
(Bloomberg) — As the German government scrambles to prop up Siemens Energy AG, another major European wind firm faces its own moment of truth after
(Bloomberg) — As the German government scrambles to prop up Siemens Energy AG, another major European wind firm faces its own moment of truth after
OSLO, Oct 27 (Reuters) – Norway’s Equinor booked a $300 million impairment on its U.S. offshore wind power portfolio on Friday after New York
By Jennifer A. Dlouhy (Bloomberg) — Nearly 3 gigawatts of offshore wind capacity could be imperiled if the US government imposes a 20-kilometer
Oct 24 (Reuters) – New York officials on Tuesday said the state has awarded conditional contracts to three offshore wind projects as
By Scott DiSavino Oct 19 (Reuters) – Developers in the U.S. offshore wind industry will likely cancel some power sales contracts in New York after
By Will Wade and Jennifer A Dlouhy (Bloomberg) — When President Joe Biden in 2021 laid out a target of deploying 30 gigawatts of offshore wind
By Todd Gillespie and Allegra Catelli (Bloomberg) — Orsted A/S shares dropped to a six-year low after New York regulators rejected a cost adjustment for
(Bloomberg) — The US should direct more study of how offshore wind farms affect water flows and a food source for critically endangered whales near the
By Will Wade (Bloomberg) –Offshore wind developers are reevaluating some New York projects after regulators rejected higher rates by Equinor ASA, Orsted
The New York State Public Service Commission (Commission) has rejected petitions filed by offshore wind developers and a renewable energy trade association,
Norwegian energy major Equinor has announced the first power production from the world’s largest offshore wind farm, Dogger Bank. The offshore wind farm
Oct 4 (Reuters) – Three U.S. states in New England – Massachusetts, Rhode Island and Connecticut – on Wednesday agreed to jointly
VARD has joined forces with Chartwell Marine to unveil a new type of offshore wind vessel called the “Midi-SOV.” The 55-meter-long vessel bridges the gap
LONDON, Sept 28 (Reuters) – A perfect storm of supply chain delays, design flaws and higher costs in the offshore wind industry has
The U.S. offshore wind industry has seen rapid growth in recent years, but a shortage of port infrastructure capacity threatens its progress and its ability to
Canadian power producer Northland Power Inc. and Japan-based Mitsui & Co. have announced their final investment decision on the $6.5 billion Hai Long
The offshore wind industry is experiencing rapid growth globally, with increasing investment, power capacity, and technological innovations. However,
The Biden Administration has issued a comprehensive roadmap to accelerate offshore wind transmission in the U.S. Atlantic region. The action plan, released
The first two purpose-built Service Operation Vessels (SOV) for the Chinese offshore wind market have been launched at the ZMPC shipyard in China. The two
A fleet of underwater drones will be used to conduct a comprehensive site survey for what could become the first floating offshore wind farm off the U.S. West
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