Page 7 - Commonwealth Wind News Today

The Interior Department on Tuesday approved a plan to install 176 giant wind turbines off the coast of Virginia, which would be the nation's largest

(Reuters) -European energy companies, including Denmark's 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 days. Orsted, the world's largest offshore wind developer, said in August it may see impairments of 16 billion Danish crowns ($2.3 billion) on its U.S. offshore developments due to supply chain problems, soaring interest rates and a lack of new tax credits. Orsted, which was no...

By Scott DiSavino (Reuters) - European energy companies, including Denmark's Orsted, will likely write down more of their U.S. offshore wind investmen...

The decision comes as other projects to build wind farms along the Atlantic Coast have run into trouble.

Avangrid, Inc. (NYSE:AGR) Q3 2023 Earnings Call Transcript October 28, 2023 Operator: Good morning, ladies and gentlemen. Welcome to Avangrid’s Third Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode, and please be advised that this call is being recorded. After the speakers’ prepared remarks, there will be a […]

FOR IMMEDIATE RELEASE Contacts: Analysts: Alvaro Ortega, Alvaro.Ortega@Avangrid.com, 207-629-7412 Media: Leo Rosales,...

The US Government and federal agencies are resolute in their support for the offshore wind sector, despite a series of recent setbacks.

After weeks of negative developments and reports questioning the viability of the U.S. offshore wind industry, Iberdrola Group’s Avangrid and Copenhag...

The RI Coastal Resources Management Council finds Avangrid's 130-turbine offshore wind farm proposal is consistent with state coastal policies.

Wishful thinking can only go so far before market realities begin to bite. The litany of problems facing offshore wind should prompt policymakers to re-evaluate their assumptions about this market. Renewable generation doubtless has a role to play in the energy transition, but continuing to believe it is cheap despite all of this evidence to the contrary is irresponsible. Not to mention deluded.eing.