Page 6 - Commonwealth Wind News Today

Danish wind company Orsted wants out of a pair of New Jersey offshore wind projects so badly that it’s willing to lose up to $5.6 billion. Only one year after the Inflation Reduction Act beefed up tax incentives for renewables, the U.S. now seems further away from President Biden’s goal of generating 30 gigawatts of offshore wind power by 2030. The company—which is 51 percent owned by the Danish government—effectively told shareholders that the U.S. wind market just i...

The administration said 15 clean energy projects were making solid progress and that it was on track to meet its goals for 2025.

The developers of a 65-turbine offshore wind project that would supply power to Rhode Island and Connecticut say they are moving ahead with the project.

European energy companies, including Denmarks Orsted, will likely write down more of their U.S. offshore wind investments this week after BP and Equinor booked $840 million in impairments in recent...

Energy giants BP(BP.L) and Norway's Equinor(EQNR.OL) have booked hundreds of millions of dollars worth of impairments on their U.S. offshore wind power portfolios in recent days, the latest examples of a renewable energy industry in turmoil. Danish energy company Orsted (ORSTED.CO), the world's largest offshore wind farm developer and a big player in the U.S., said in late August it may see $2.3 billion in U.S. impairments due to supply delays, high interest rates and a lack o...

Energy giants BP and Equinor have reported significant impairments on their US offshore wind power portfolios, highlighting the challenges facing the

The clean energy transition endures, nevertheless, growing pains emerge. New York Times: Yesterday, Chevron announced a $53 billion acquisition of a midsize rival, as Big Oil consolidates and doubles down on the betthat fossil fuel demand will continue to increase.  But if you zoom out just a bit, the picture may be a bit clearer. This morning,…

The decision comes at a perilous time for the offshore wind industry, with developers struggling with soaring costs, rising interest rates, supply chain delays, and bursts of local opposition.

European energy companies, including Denmarks Orsted, will likely write down more of their U.S. offshore wind investments…

European energy companies, including Denmark's Orsted, will likely write down more of their U.S. offshore wind investments…