Page 24 - Beacon Wind News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Will any of these wildly uneconomic offshore wind projects actually ever get built? Let’s hope not.

In their petitions, the developers said that without price adjustments their offshore wind projects might not be able to move forward, with Ørsted and Eversource saying that without this intervention “it would not be able to obtain a final investment decision (FID) allowing it to fully construct the Project” and the Equinor-BP joint venture noting that price adjustments would “restore the Projects’ ability to attract the capital required for them to move forward”. However, in its response, NYSERDA argues that some components...

It’s been a disastrous month for Net Zero. So many of the myths which the emissions target relies on are unravelling at the same time that it has us all in quite a tangle.

The myth that New York can replace fossil fuel power plants with cheap renewable energy has begun to crumble under renewable developers’ demands for higher prices to offset inflation and supply chain challenges. ...Ørsted and Eversource have asked for a 27 percent increase for their Sunrise Wind project, which would raise their strike-price from around $110 to nearly $140 per MWh. And the joint venture of Equinor and BP has asked for increases on all three of the projects it is developing. For Empire Wind 1, they want a 35 percent increase that would raise its str...

Norwegian energy industry giant Equinor has appointed of Samuel Byrne as Vice President of Operations at Equinor Renewables…