Page 78 - Offshore Wind News Today

More offshore wind projects are being approved, but many are also running into economic and logistical challenges.

Politicians, government officials and industry leaders gathered for a four-hour panel event in San Luis Obispo.

Denmark’s Orsted said on Wednesday it had recorded a 28.4 billion Danish crowns ($4.03 billion) impairment charge for the first nine months of 2023, and that it will cease work on its U.S. offshore wind projects Ocean Wind 1 and 2. The world’s largest offshore wind farm developer has made a final investment decision on Revolution Wind, Orsted said in a statement, adding that it is expected to be completed by 2025.

Stock up on your fly fishing flies by joining the RI Department of Environmental Management (DEM) Division of Fish & Wildlife Aquatic Resource Education’s annual Fall Fly Tying Program. …

BP and its partner Equinor (EQNR.OL) are assessing their next steps after the state of New York rejected the companies' request to revise upwards power supply contracts for the giant projects, Auchincloss said. The pretax impairment on the projects was due to "inflationary pressures and permitting delays," BP said.

A Danish developer has cancelled development of two offshore wind projects in New Jersey. Gov. Murphy is outraged.

Freja Offshore, a 50-50 joint venture between Mainstream Renewable Power (

Stock up on your fly fishing flies by joining the RI Department of Environmental Management (DEM) Division of Fish & Wildlife Aquatic Resource Education’s annual Fall Fly Tying Program. …

BP’s shift away from renewable energy was made clear by Murray Auchincloss on Tuesday, as the chief executive said he will reduce spending on offshore wind and focus more on oil and gas.

Shares of the world’s biggest offshore wind developer plunged by nearly 20% after it ceased the development of two projects in the U.S.