Down But Not Out: Equinor Takes Hit on U.S. Offshore Wind, but Hope Remains
Norway's Equinor booked a $300 million impairment on its U.S. offshore wind power portfolio on Friday after New York officials…
Source: oedigital.com
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Tight timelines ahead
Developers seeking state subsidies for their renewable projects and NYSERDA, which awards those contracts, are facing an extremely busy last few months of the year.
Source: politico.com
WindAction | Down but not out: Equinor takes hit on U.S. offshore wind, but hope remains
Norway's Equinor (EQNR.OL) booked a $300 million impairment on its U.S. offshore wind power portfolio on Friday after New York officials rejected a request for better terms, but said the state's continued commitment to the technology still offered hope. The charge, announced during Equinor's earnings, comes two weeks after New York regulators turned down the company's petition to renegotiate the terms of its offshore wind projects because of soaring costs and supply chain constraints.
Source: windaction.org
State of the Regional Greenhouse Gas Initiative in the NE U.S. • Watts Up With That?
“Beware. Expect Surprises. Expensive Ones”.
Source: wattsupwiththat.com
WindAction | A tricky, sticky mineral that's challenging offshore wind developers
Offshore wind developers are encountering an unexpected challenge on the East Coast seafloor: a crushable, green mineral called glauconite, sometimes precisely where they plan to install wind turbines. The mineral — which dates back to the age of the dinosaurs — is weaker and less predictable than sand, scientists say, presenting a new engineering puzzle for researchers and wind developers to solve.
Source: windaction.org