New York state has provisionally awarded contracts to 1.7GW of new wind capacity developed Orsted and Equinor as part of its fourth auction.
The offshore wind industry had been lulled into a false sense of security through cheap money and a deflationary services market, Orsted’s outgoing interim COO Andy Brown said today.
Abu Dhabi’s Masdar is exploring the possibility of taking a stake in renewable-energy assets owned by Iberdrola SA in the US, according to people familiar with the matter.
OEG achieves "milestone" goal of even split in revenues between renewables and offshore oil and gas
The Equinor CEO said he had regular discussions with turbine makers on improving costs. “I’m sure that in time offshore wind will be back with lowering the levelised cost of energy.”
Wind-energy titan Orsted A/S (CPH:ORSTED) will pitch its strategic plan to investors this week, after a disastrous 2023 that saw a multi-billion-dollar writedown on US projects and the dismissal of two top executives.
Equinor, Ørsted and RWE announce bids for fourth New York offshore wind round
BP (LON: BP) and Equinor ASA are parting ways in the US offshore wind market.
Orsted A/S (CPH:ORSTED) agreed to buy out its joint venture partner in a New York offshore wind farm after abandoning two New Jersey projects last year and taking $4 billion in impairment charges.
Eversource Energy plans to offload stakes in South Fork, Sunrise and Revolution wind projects in the US
“There’s a twofold question for wind turbines of a larger nameplate capacity. Can they be installed? And what is a long-term sustainable market?”
Equinor and BP will seek "new offtake opportunities" for the Empire Wind 2 project.
Canada is dismantling regulatory hurdles for offshore wind projects along its Atlantic coast, aiming to transform one of the world’s longest and gustiest shorelines into a renewable energy leader despite the industry’s current slump.
“The process is open and will involve investors from all over the world interested in the development of wind energy. This new country project will position Colombia as a benchmark in the generation of renewable energy in the region, and will strengthen national energy security,” said Camacho.
Pict Offshore has partnered with Maersk Training to help instruct workers in the use of its Get Up Safe (GUS) transfer system at US offshore wind farms.
“A tightening of restrictions on offshore workers will simply result in the U.S. becoming an unattractive place to do business to the detriment of America’s energy ambitions and strategy,” says IMCA chief.
The cancellation this week of two major wind projects off the coast of New Jersey effectively sinks President Joe Biden’s end-of-the-decade goal for building out offshore wind energy, a component of the US plan to eventually reach net zero.
Orsted A/S (CPH: ORSTED) shares slumped to their lowest level in six years after the Danish utility dropped two US wind projects and recorded 28.4 billion kroner ($4 billion) in impairments as the crisis in the wind industry is only getting worse.
Nearly 3 gigawatts of offshore wind capacity could be imperiled if the US government imposes a 20-kilometer (12.4-mile) buffer zone blocking turbines in endangered whale foraging areas near Martha’s Vineyard, the American Clean Power Association said Wednesday.
New York has selected three offshore wind farms to negotiate power contracts with the state as the industry faces increasing challenges from rising costs.
TotalEnergies will partner with offshore wind developer Corio Generation and electricity producer Rise Light & Power to develop the 3GW Attentive Energy wind farm in the United States.
Inverness-headquartered Aurora Energy Services has acquired US wind turbine blade repair and maintenance specialist Cotech Group in its first international takeover.
“With our European neighbours we could have a pipeline of green hydrogen to provide a clean fuel stock to German industry and coming back the other way carbon to the UK [for storage],” he said.
Orsted said it’s prepared to walk away from projects in America unless the White House guarantees more support, highlighting the myriad challenges facing wind-energy developers in the country.