Page 25 - Commonwealth Wind News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The waves grew choppier as a ship with a decidedly un-maritime name, the Jones Act Enforcer, pushed through the mist, on the hunt for scofflaws on the open ocean. “It’s not here,” said Captain Rick Spaid. “The Sea Installer is supposed to be here.” Crew and passengers grabbed for handholds as the 175-foot vessel pitched in the seas, trying to stay upright as they peered hard through the dense fog for any sign of the Sea Installer.

While trouble areas continue to emerge in the young U.S. offshore wind industry, analysts at Intelatus Global Partners maintain…

While trouble areas continue to emerge in the young U.S. offshore wind industry, analysts at Intelatus Global Partners maintain…

A search at sea highlights the stakes over domestic manufacturing in the nascent offshore wind industry.

But as the nascent offshore wind industry continues to face growing pains, Commonwealth Wind officials have argued for months that they can no longer finance the project under previously reached contracts with utilities due to increasing price pressures tied to the Russian invasion of Ukraine. With the pool of competitors limited, Avangrid higher-ups are taking a calculated risk that after walking away from existing agreements, they can win another round of bidding and secure better contract terms that will make the installation viable.