Connecticut Set to Join in $70 Billion Offshore Wind Expansion

By Christopher Martin (Bloomberg) -- Connecticut is set to massively increase investment in offshore wind after the state Senate passed a bill to require utilities to buy as much as 2 gigawatts of the renewable energy source, equivalent to almost a third of the state’s electricity needs. The bill passed unanimously in the Senate late Tuesday and now heads to Governor Ned … [Read more...]

Contract Signed for First Classed Offshore Wind Vessel in U.S.

Classification DNV GL on Wednesday announced it has been awarded a contract to class a purpose-built offshore wind vessel built in the United States. The contract was awarded by WindServe Marine, LLC covering for offshore Crew Transfer Vessel for Ørsted North America. The contract covers the construction of the vessel, which will be the first offshore wind vessel built in … [Read more...]

Seabury Secures Wind Farm Port Financing

The state of Connecticut has reached an agreement to develop an offshore wind facility at State Pier in New London. Seabury Maritime, the global maritime and transportation investment and advisory firm, announced today that the company acted as the transaction advisors to the Connecticut Port Authority  in a public/private investment to redevelop State Pier. The … [Read more...]

Wind Farm at Center of Feds’ Spat on Twitter Said to Seek Debt

By Brian Eckhouse and Christopher Martin (Bloomberg) -- The offshore wind-power project that became the subject of a Twitter war between federal energy regulators is moving forward with a debt financing for an estimated $2.15 billion phase, according to people familiar with the situation. Vineyard Wind, a joint venture of Avangrid Inc. and Copenhagen Infrastructure Partners … [Read more...]

Mitsubishi Heavy Sees Billion-Dollar Opportunity in U.S. Northeast Wind

By Joe Carroll (Bloomberg) -- Wind-power demand in the U.S. Northeast may spur $1 billion or more in orders for offshore towers, according to Mitsubishi Heavy Industries America Inc. executives. Planned auctions for wind power in New Jersey, New York, Massachusetts, Rhode Island and Connecticut probably will require construction of as many as 1,000 offshore towers, said … [Read more...]