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Denmark's Orsted said on Thursday it would reposition its Skipjack Wind project in the U.S. and that it has withdrawn from the Maryland Public Service Commission orders approving the project. ...
Sunrise Wind is a 924 MW offshore wind farm which would deliver power to New York and is expected to be completed by 2026, Orsted said. If Orsted wins the bid, it would become the sole owner of Sunrise Wind, while Eversource would lead the project's onshore construction, the Danish renewable energy firm said.
Energy company Orsted is pausing “all development spend” on an offshore wind project in Maryland and may cancel the project entirely. The hiatus was announced by the Danish company’s CEO last month — on the same day Orsted also said it was ceasing development on two offshore wind projects in New Jersey.
McGean told the Mayor and Council the town now waits for BOEM to issue a final Environmental Impact Statement and record of decision on the US Wind project. “BOEM has stated they expect to release the record of decision in the mid- to late-third quarter of 2024,” he explained. “Once the record of decision is issued, the city will determine if we wish to accept that decision or file suit against BOEM. We are preparing for either eventuality and will have more information on how we are preparing for that at a future work session.” McGean ...
Inflation and "black swan" events have hit the industry hard. But energy analysts remain bullish on offshore wind's future.