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Eversource, the New England utility that is a 50-50 joint venture partner on two New York offshore wind farm projects, on Monday announced it would take an impairment charge for its offshore wind assets of up to $1.6 billion for the fourth quarter of 2023. The charge, which reflects a lower estimated fair-market value for the three projects, comes even as Eversource is in the process of selling off its wind-energy assets and exiting the sector.

New York’s best bet for entering the era of offshore wind power is stacked up at the water’s edge in Connecticut.

Recent setbacks for the U.S. offshore wind industry, capped by the withdrawal Wednesday of two large projects in New Jersey, have cast the fledgling market in a more precarious light as developers rethink some of their projects due to rising costs. Soaring prices for raw materials and higher interest rates have led major European developers to make difficult decisions about projects once hailed as the linchpins of state and federal goals for all-green energy. First-generation projects, including South Fork Wind for eastern Long Island and Vineyard Wind for New England, are moving forw...

Tramp cargo ships of murky registration love it when the world’s attention is focused on land-based conflicts. One looks very much like the other – ubiquitous rust buckets of the sea ̵...

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