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Several developers in the US In recent months have asked to renegotiate power supply contracts.

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 ...

Decision to halt wind farm project off UK coast points to wider issues

Some troubled projects are raising concerns about the role to be played by offshore wind farms in tackling climate change.

A first-of-its-kind offshore wind lease auction along California's coast generated $750 million in combined sales. Analysts say that's a strong and positive market signal for American offshore wind.

A federal offshore wind lease auction in December off California's coast promises to kickstart a work boom on the state's northern and central coasts.

A federal offshore wind lease auction in December off California's coast promises to kickstart a work boom on the state's northern and central coasts.

A federal offshore wind lease auction in December off California's coast promises to kickstart a work boom on the state's northern and central coasts.