Page 74 - Offshore Wind News Today

Royal Boskalis B.V. (Boskalis) completed a historically good third quarter. Boskalis is thereby on course for a very strong full year result on the ba...

New Jersey Democrats maintained control of the state Legislature after Republicans lost gains made two years earlier in statewide election races.

It may be over a year and a half away, but exhibition space at Nor-Shipping 2025 is already in short supply. According to organisers, around 70% of th...

The boundaries of the proposed Chumash Heritage National Marine Sanctuary “could impede development of offshore wind,” the companies wrote in a letter.

A barge carrying wind turbine blades returned to State Pier on Sunday with the blades uninstalled pending the repair of lifting equipment off Montauk. Eversource and Ørsted told CT Examiner on Monday that there wasn’t anything wrong with the turbine blades shipped from State Pier last week.

What is the point of these arbitrary goals, other than to provide politicians like Gov. Murphy and President Biden with opportunities to virtue signal to well-funded environmental groups during their next re-election campaigns? No one seems to want to admit it, but it must be said that offshore wind serves absolutely no purpose at all on a power grid that cannot be filled more cheaply and effectively by an array of other power generation sources. It is without doubt an ineffective, enor...

The company is citing the uncertainties raised by complaints and the lack of clarity over the permitting process. They had been moving forward, including selecting Siemens Gamesa to supply the turbines before protests derailed the project. The company announced it is taking a write-down of nearly $72 million because the costs for developing the project will have to be recognized in the accounts for 2023.

Facing Republican attacks on cultural issues, Democrats stuck to pocketbook issues in statewide elections.

Last Tuesday, the Danish firm scrapped its Ocean Wind I and II projects in southern New Jersey, saying the projects were no longer financially feasible. The company cited supply chain issues, inflation and a failure to gain enough government tax credits. The next day, Orsted wrote to the New Jersey Board of Public Utilities, saying it was withdrawing from an agreement it signed with the state under which it would forfeit the money if it did not build Ocean Wind I.

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) Q3 2023 Earnings Call Transcript November 7, 2023 Great Lakes Dredge & Dock Corporation reports earnings inline with expectations. Reported EPS is $-0.09 EPS, expectations were $-0.09. Operator: Good day and thank you for standing by. Welcome to the Q3 2023 Great Lakes Dredge & Dock Corp Earnings […]