Page 123 - Offshore Wind News Today

With all state lawmaker seats up for election this fall, legislative leaders are signaling that the debate over offshore wind is emerging as a potential factor in who controls that branch of government over the next two years. In an unexpected move, the Democratic Senate president and Assembly speaker on Monday issued a joint statement expressing concerns about the state Board of Public Utilities’ approach on promoting offshore wind projects, citing concerns about its potentia...

The project will include 98 wind turbines and three offshore substations.

/PRNewswire/ -- REPT BATTERO and renewable energy company VENA ENERGY have officially signed a framework agreement to explore opportunities in establishing...

When the Humboldt Bay Harbor, Recreation and Conservation Commission convenes Thursday at Eureka's Wharfinger Building, it will face two large and related agenda items. First, it...

Feds propose 557 sq miles of new Atlantic ocean tracts for development and set Aug. 29 for first Gulf of Mexico auction of three large sites, but projects now confront rising costs for the first time.

When Siemens announced a deal to merge its wind power business with rival Gamesa in 2017, executives saw only upside.

A 40 percent cost increase recently halted an offshore wind project in the U.K., while investors postponed decisions on two projects in the Baltic Sea. Another three projects in the North Sea totaling about $19 billion in planned spending are potentially delayed or are revising terms, Lloyd-Williams said. “If the soundest projects in the most mature markets start to sink, that is a major red flag,” he said.

Highlights Leading Light Wind can power New Jersey with up to 2,400 MW of clean energy - enough for up to 1 million homes Proposal represents over $3 billion in economic development be. . .

With interest rates shooting up, financing the billions of dollars in investment that go into these installations has also become far more expensive. On Monday, the turbine maker Siemens Energy reported a net loss of 2.9 billion euros ($3.2 billion) for the April-June quarter, largely because of problems tied to “increased product costs and ramp-up challenges” in its offshore energy business. “There’s very few projects that are immune to ...

U.S. offshore vessel operator, builder, and owner Edison Chouest Offshore (ECO) has launched construction of the U.S. offshore wind industry’s first e...