Offshore Wind
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The Bureau of Ocean Energy Management (BOEM) has released 2 proposed sales for 18GW of offshore wind energy areas off the coast of Oregon and the Gulf of Maine.
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The New Jersey Board of Utilities (NJBPU) has opened the application process for its fourth offshore wind solicitation, targeting up to 4GW.
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The New York State Energy Research Development Authority (NYSERDA) has awarded conditional agreements to utility-scale onshore renewables projects totalling 2.4GW.
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Petrobras has signed a memorandum of understanding (MoU) with the government of the state of Rio Grande do Norte in Brazil for offshore wind generation.
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Construction and development firm Skanska has been awarded an $861 million contract to develop an offshore wind port at the South Brooklyn Marine Terminal (SBMT).
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The Governor's Energy Office of Maine has released a request for information (RFI) regarding the state's first utility-scale offshore wind auction, totalling 3GW.
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The Bureau of Ocean Energy Management (BOEM) has issued a 5-year offshore wind leasing schedule that will see 12 offshore wind energy lease sales through 2028.
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The New York State Energy Research and Development Authority (NYSERDA) plans to deploy $500 million in investment commitments to establish an offshore wind supply chain in New York State.
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The Department of Energy (DOE) has awarded $1.93 billion in qualifying advanced energy project tax credit allocations – known as 48C tax credits – to 35 projects focused on renewable manufacturing and greenhouse gas emission reduction.
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The New York State Energy Research and Development Authority (NYSERDA) has closed its 2022 solicitation tender with no final awards given after GE Vernova "caused material changes" by changing its turbine design for the projects.
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New England states have jointly-submitted applications to compete in the second round of the Department of Energy (DOE)’s Grid Innovation Program (GIP) which has $1.82 billion to award.
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California Independent System Operator (CAISO) has announced that 2 of the offshore wind-related transmission processes will be part of a May 2024 competitive transmission procurement.
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The US offshore wind sector continues to gain momentum with the latest round of regulatory approvals as financiers begin to prep the paperwork to fund these mega projects.
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The Bureau of Ocean Energy Management (BOEM) has given a Record of Decision (ROD) to Avangrid for its New England Wind lease area, the penultimate permit approval needed to construct its 2.6GW offshore wind projects.
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Shell North America has sold its 50% stake in the 2.4GW proposed SouthCoast Wind project with its joint venture partner Ocean Winds North America.
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Neoenergia has signed a memorandum of understanding (MoU) with the government of Rio de Janeiro to support the development of offshore wind projects.
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The Bureau of Ocean Energy Management (BOEM) has approved Ørsted's 924MW Sunrise Wind project off the coast of New York, making it the seventh utility-scale offshore wind project approved under the Biden-Harris administration.
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Ørsted continues leadership changes after suffering significant impairments in 2023 from US offshore wind projects with the hire of Rasmus Errboe as deputy chief executive officer and chief commercial officer.
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The Bureau of Ocean Energy Management (BOEM) has proposed a second offshore wind lease sale for the Gulf of Mexico. The sale includes 4 sites off Louisiana and Texas which have the potential to power up to 1.2 million homes.
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The Bureau of Ocean Energy Management (BOEM) has finalised a Wind Energy Area (WEA) in the Gulf of Maine, which has a potential 32GW capacity.
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Ørsted's 132MW South Fork Wind is the first utility-scale offshore wind project to become fully operational in the US. The achievement comes after nearly a decade of industry struggles since the first large-scale transmission farm, Cape Wind, failed in 2015.
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Danish developer Ørsted has agreed to sell its stakes in a 957MW operating wind portfolio in the US to Stonepeak for about $300 million.
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The New York State Energy Research and Development Authority (NYSERDA) has issued conditional agreements for 2 offshore wind projects in its fourth offshore wind solicitation: 810MW Equinor-owned Empire Wind 1 and Ørsted & Eversource-developed 924MW Sunrise Wind.
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The Bureau of Ocean Energy Management (BOEM) has released the final environmental review of the 2.6GW New England Wind project off Massachusetts. The project is owned by Park City Wind, a subsidiary of Avangrid, and is expected to power over 900,000 homes.
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The Bureau of Ocean Energy Management (BOEM) has approved the construction and operations plan (COP) of 800MW Empire Wind 1, an offshore wind farm owned by Equinor in the New York Bight region. The BOEM's decision was the final step before the project could commence construction.
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Infrastructure and real assets-focused investment firm Stonepeak will acquire a 50% interest in Dominion Energy’s Coastal Virginia Offshore Wind project.
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Against challenging clean energy targets the US offshore wind energy continues to forge ahead. Since the start of the Biden-Harris administration, the Department of the Interior has approved the nation's first 6 commercial-scale offshore wind energy projects.
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The Bureau of Ocean Energy Management (BOEM) has designated 2 final Wind Energy Areas (WEAs) offshore Oregon as it moves closer to a lease sale.
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Eversource Energy has agreed to divest to Global Infrastructure Partners (GIP) its 50% stake in its remaining 2 offshore projects that are co-owned with Ørsted.
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To bolster California's offshore wind industry state legislators proposed a $1 billion bond act to help pay for the expansion of ports.
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Renewables company BrightNight has made 2 senior-level appointments to its asset management and construction teams.
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Dominion Energy has secured final approval from the Bureau of Ocean Energy Management (BOEM) for the construction and operations of its 2.6GW Coastal Virginia Offshore Wind (CVOW) project.
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Danish energy company Ørsted has terminated its offtake agreement with the state of Maryland for its 2 Skipjack Wind projects as it re-evaluates project plans amid current market conditions.
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BP and Equinor have divided their offshore wind joint venture projects with BP claiming full ownership of Beacon Wind and Equinor taking ownership of Empire Wind.
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The New York State Energy Research and Development Authority (NYSERDA) has closed its solicitation process for its fourth offshore wind auction. Several companies have announced their proposals, including Equinor, RWE, National Grid, and Ørsted.
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Ørsted is to become the sole owner of the 924MW Sunrise Wind project after buying out joint venture partner Eversource Energy.
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Consortiums led by Invenergy and TotalEnergies were awarded offshore wind projects with conditional contracts of 3.74GW capacity as the New Jersey Board of Public Utilities (NJBPU) closes its third-round tender.
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Updated to include:
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The Bureau of Ocean Energy Management (BOEM) has drafted the environmental review of future development on the six lease areas awarded in the New York Bight tender in 2022.
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Energy giants Equinor and BP have canceled their power purchase agreement (PPA) with New York to provide 1.26GW from the proposed Empire Wind 2 project.
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The state of Delaware has begun official negotiations with offshore wind developer US Wind, which is developing two wind farms off Maryland, to provide lease areas for the farms' undersea cables and onshore substations.
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The state of Louisiana has approved its first-ever offshore wind farm agreements for projects in state waters, inking contracts with Vestas and Mitsubishi subsidiaries.
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The Bureau of Ocean Energy Management (BOEM) has proposed a Central Atlantic offshore wind lease sale for over 277,000 acres in the waters off of Delaware, Maryland, and Virginia. The sale is expected to take place in 2024.
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Canadian province Newfoundland and Labrador (NL) has signed a memorandum of understanding (MoU) with the federal government to become a lead regulator on offshore wind projects in 16 inland bays in the province.
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Renewable and utility developer Invenergy has acquired the Atlantic Power Transmission (APT) project from Blackstone, relaunching the New Jersey transmission initiative as Jersey Link, to support New Jersey’s offshore wind goals.
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Ørsted’s 132MW South Fork project has become the first offshore wind farm to plug into New York’s power grid, and Vineyard Wind completed its first five wind turbines as the projects go head-to-head to become the first full utility-scale offshore wind farm in the US.
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Renewables developer energyRe has raised a $1.2 billion capital package to develop and construct its 10.5GW solar, wind, and storage portfolio, as well as 500 miles of transmission.
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The former chief executive of FirstLight Power, Alicia Barton, will join Vineyard Offshore as chief executive on January 1, 2024.
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Although an issue facing the whole energy sector, transmission and grid connectivity for the offshore wind industry has reached a whole new level of complexity.
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Boston-based Álvaro Ortega has joined innovative floating offshore wind (FLOW) company Gazelle Wind Power as chief financial officer.
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Offshore wind developer Attentive Energy is preparing two investments to help grow the industry's supply chain and support ocean-based technology startups in New Jersey.
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The Bureau of Ocean Energy Management (BOEM) has approved the 816GW Empire Wind 1 offshore wind project, owned by Equinor and BP. Empire Wind marks the sixth offshore wind project approved by the Biden-Harris administration in its goal to reach 30GW of offshore generation by 2030.
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Eversource and Ørsted's jointly owned Revolution Wind, a 704MW offshore wind project located off Rhode Island, has received final Bureau of Ocean Management (BOEM) approval for its construction and operations plan.
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Among the many hurdles the offshore wind sector is facing, the lack of guidelines for tax credits guidelines remains one of the most convoluted.
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New York will release requests for proposals (RFPs) for offshore wind and onshore renewable energy projects on November 30, 2023.
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Oceanic Wind Energy has renegotiated its agreements with green power developer Northland Power, taking back its 400MW Hecate Strait offshore wind project in British Columbia.
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Ørsted's chief financial officer and chief operating officer have left after the company announced $5 billion in impairments, canceling its 2.3GW Ocean Wind 1 and 2 offshore wind farms off New Jersey, and pulling out of a consortium due to bid on offshore wind projects in Norway.
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Siemens Gamesa Renewable Energy has pulled out of its $200 million Portsmouth, Virginia, offshore wind blade manufacturing facility, citing turbulence in the industry.
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Eversource Energy is looking to sell its 50% stake in its offshore wind joint venture with Danish energy giant Ørsted, which includes three projects totaling 1.7GW.
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The seas have been rough for the offshore wind sector, and projects are repeatedly being hit by rising interest rates, supply chain disruptions, local unrest, and political opposition. Financing issues and heavy losses in the past quarter have unraveled the traditional project process. The key economic burden on these projects is, by far, the power purchase agreement (PPA) gap.
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Energy giant BP has declared impairments of $540 million related to its New York offshore wind projects, Empire Wind 1 and 2 and Beacon Wind. BP owns the projects off the New York and Massachusetts coasts in a 50:50 joint venture with Equinor.
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The Bureau of Ocean Energy Management (BOEM) has finalized four Wind Energy Areas (WEAs) with the potential to supply 3GW of energy for another Gulf of Mexico lease sale.
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Despite earlier announcements of large impairments and project cancellations for offshore wind, joint-venture partners Ørsted and Eversource have taken the final investment decision (FID) in their 704MW Revolution Wind, commencing the construction of the utility-scale offshore wind farm.
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The world's largest offshore wind developer, Ørsted, has stopped development of its 2.3GW Ocean Wind 1 and 2 offshore wind farms off New Jersey after announcing impairments of over $5.5 billion.
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US maritime and logistics company Crowley has hired a former GE Offshore Wind executive as vice president of business development for its Wind Services group.
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The Bureau of Ocean Energy Management (BOEM) has approved Dominion Energy's 2.6GW Coastal Virginia Offshore Wind (CVOW) project, the largest offshore wind project in the US. Construction will begin in Spring 2024 and is expected to take around 3 years, bringing CVOW online in late 2026.
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After New York state rejected a request from offshore wind developers to raise prices, Norwegian energy giant Equinor has recorded a $300 million impairment on its US offshore wind projects.
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Renewables company and Iberdrola Group member Avangrid and green energy investment firm Copenhagen Infrastructure Partners (CIP) have closed a $1.2bn first-of-its-kind tax equity package for their jointly owned Vineyard Wind 1 offshore wind project.
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New York Governor Kathy Hochul has revealed a new renewable investment plan for the state, announcing conditional offtake agreements to three offshore wind projects and 22 onshore projects.
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Rise Light & Power and Corio have purchased stakes in TotalEnergies's 3GW Attentive Energy offshore wind farm, paying a total of $420 million.
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New York Governor Kathy Hochul has vetoed an Equinor and BP-endorsed bill to build underground transmission lines from its offshore wind projects into the city of Long Beach. Hochul's rejection of the Planned Offshore Wind Transmission Act strikes another blow to the industry a week after the state government shot down a financial relief bill for offshore wind developers.
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Vineyard Wind, owned by Avangrid and CIP, has installed the first turbine of its Vineyard 1 project, a landmark milestone for the 800MW project, which will be the first utility-scale offshore wind farm in the US. Once complete, Vineyard Wind will power nearly half a million Massachusetts homes.
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New York State Public Service Commission (PSC) has unanimously rejected a request from a group of offshore wind developers to provide financial relief for four projects on the New York coast and 86 onshore projects. The relief would have come from increasing prices for customers, totaling $12 billion.
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Rhode Island Energy has issued a request for proposal (RFP) for an additional 1.2GW of offshore wind power.
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North Carolina, the Commonwealth of Virginia, Maryland and Delaware have started a workforce to further offshore wind development.
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Dominion Energy is set to add 772MW of solar generation in Virginia through six Dominion-owned or acquired solar farms and 13 power purchase agreements (PPAs) with independently owned projects.
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Massachusetts, Connecticut, and Rhode Island have entered into an offshore wind partnership to solicit larger wind farms with the goal of curbing prices. The states had previously scheduled individual solicitations for January 2024 but will now run a 6GW offshore wind energy tender together.
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Iberdrola-subsidiary Avangrid has terminated its 20-year power purchase agreements (PPA) with Connecticut utilities, Eversource Energy, and United Illuminating, for its proposed 804MW Park City Wind offshore generation project.
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Equinor has hired former operations and maintenance executive at Vestas Wind Systems, Samuel Byrne.
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The exhaustive push to deploy the 468MW Cape Wind project off the coast of Massachusetts came to a halt in early January 2015. Power purchase agreements (PPAs) fell through; banks fell away (PFR, 1/7/15). The $1.95 billion deal, the first offshore wind farm to be fully permitted by the BOEM, died after 14 years.
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Petrobras is planning to develop 23GW of offshore wind projects along the Brazilian coastline.
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Ocean Winds has signed a memorandum of understanding (MoU) with transportation and energy conglomerate Prumo Logística to collaborate on offshore wind generation in Brazil.
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Ørsted has completed its $625 million all-cash purchase of Eversource Energy's share in 175,000 acres of an offshore lease area that covers three ongoing offshore wind projects, becoming the sole owner of the land.
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The offshore wind troubles continue as Danish firm Ørsted has delayed its first US offshore wind project, Ocean Wind I, until 2026. Additionally, oil giants Equinor and BP are seeking to increase the power price of all three of the US wind farms in their partnership by over 50%.
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SouthCoast Wind, formerly known as Mayflower Winds, has terminated its power purchase agreements (PPAs) with Massachusetts utilities Eversource, Unitil, and National Grid for its offshore wind farm off the coast of Massachusetts.
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The Bureau of Ocean Energy Management (BOEM) closed its first-ever offshore wind energy auction in the Gulf of Mexico with only one lease awarded: RWE Offshore US Gulf won with a bid of $5.6 million for a 1.24GW project.
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The Bureau of Ocean Energy Management (BOEM) has approved the fourth US commercial-scale, offshore wind project, Revolution Wind, a 704MW offshore wind farm located southeast of Point Judith, Rhode Island.
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The Massachusetts Department of Public Utilities (DPU) approved the Eversource PPA termination for Avangrid Renewable's Commonwealth Wind project and revealed the final rules for the state's offshore wind procurement.
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Morgan Stanley Investment Management (MSIM), through Morgan Stanley Infrastructure Partners (MSIP), has entered a joint venture with US maritime and logistics company Crowley to repurpose US port facilities with offshore wind developers.
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Three joint ventures (JV) for New Jersey's third offshore wind solicitations have been identified.
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The Bureau of Ocean Management (BOEM) has finalized the Wind Energy Areas (WEAs) for its Central Atlantic offshore wind auction. The three areas are located off Delaware, Maryland, and Virginia, and can support approximately 4GW to 8GW of energy production once completed.
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Iberdrola-owned Avangrid has completed its offshore substation for the 800MW Vineyard 1 wind project, off the coast of Massachusetts.
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The Department of the Interior will hold an auction in August (2023) for the first-ever offshore wind energy lease in the Gulf of Mexico. The areas will have the potential to generate 3.7GW of power.
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Rhode Island Energy has dropped its long-term power purchase agreement (PPA) with Ørsted and Eversource for the developers’ joint proposal of offshore project Revolution Wind 2.
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RWE has announced Amanda Lefton, former tenured director of the Department of Interior’s Bureau of Ocean Energy Management (BOEM), as the vice president of development, East, a position that will see Lefton in the driver’s seat of RWE’s offshore development on the east coast of the US.
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New Jersey Governor Phil Murphy signed a bill that will expand federal tax credits to Ørsted, the Danish energy giant building the largest offshore wind project in the US along the coast of New Jersey.
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Canada-based EverWind Fuels Company is supportive of Nova Scotia's recently published Offshore Wind Roadmap and the province's efforts to become a global leader in renewable energy.
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Ørsted has agreed to acquire Eversource Energy’s 50% interest in the uncontracted federal offshore wind lease, jointly owned by the 2 companies, for $625 million.
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Offshore wind in Latin America is generating conversation, if not power, as its governments attempt to meet ambitious energy transition goals. According to the World Bank, the region holds 8,000GW of potential technical capacity, with Brazil, Colombia, Chile and Mexico offering some of the best resources for implementation.
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RWE has signed a Memorandum of Understanding (MoU) with Entergy to jointly evaluate the delivery of clean energy from offshore wind to industrial customers in Texas and Louisiana.
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The governments of Canada, Nova Scotia, and Newfoundland and Labrador have begun regional assessments for offshore wind development.
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Two organizations have joined forces to collaborate on advancing the development and deployment of projects in the rapidly scaling North American offshore wind industry.
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Norwegian oil & gas group Equinor and Brazilian state-run oil & gas firm Petrobras have announced a collaborative initiative to study the potential for over 14GW of offshore wind projects in Brazil.
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The Bureau of Ocean Energy Management (BOEM) has taken its next step toward its wind energy auction in the Gulf of Mexico.
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The deadline to submit bids for New York’s third competitive offshore wind solicitation passed on 26 January, with Ørsted and BP among the bidders.
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Ørsted has signed an agreement to acquire Public Service Enterprise Group’s (PSEG) 25% equity stake in Ocean Wind 1, a 1.1GW offshore wind energy project.
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Oil and gas groups Eletrobras and Shell have signed an agreement to cooperate on offshore wind generation in Brazil.
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A major regulatory milestone for Dominion Energy’s 2.6GW offshore wind project off coastal Virginia was reached on December 12 (2022) as the power giant eyes construction in 2024.
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The provisional winning bids for the first offshore wind auction held on the US’ west coast totaled more than $700 million on December 7.
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Nova Scotia-based financial advisory firm Northgreen Capital has appointed Philip Bassil as managing director and head of global offshore wind M&A.
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France’s TotalEnergies has agreed to develop a wind project off the coast of the state of Rio de Janeiro in Brazil.
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The Bureau of Ocean Energy Management (BOEM) has designated 2 Wind Energy Areas (WEA) ahead of the leasing process later this year or early next year.
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PPL Corporation, the Pennsylvania-headquartered transmission and distribution company, and Belgian transmission operator Elia Group have agreed to develop innovative transmission solutions to integrate future offshore wind capacity with the onshore grid in the New England region.
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Rhode Island Energy has issues the RFP to solicit an additional 600-1,000MW of offshore wind to boost the state’s energy needs.
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Neoenergia is the latest company to subscribe to the green hydrogen agenda of the Brazilian state of Rio de Janeiro.
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The Canadian province of Nova Scotia has set a goal of reaching 5 GW of offshore wind generation by 2030, outlining plans for an offshore leasing process.
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EDF Renewables has inked a memorandum of understanding (MoU) with Prumo Logística, a transportation and energy conglomerate in Brazil.
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Neoenergia has signed a memorandum of understanding (MoU) with the state government of Rio Grande do Sul in Brazil for the development of green hydrogen and offshore wind.
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The Bureau of Ocean Energy and Management (BOEM) has opened the environmental impact statement for an offshore wind project being developed by Orsted North America and Eversource up for public comment.
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The US Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has issued requests for interest (RFI) and competitive interest (RFCI) for the development of offshore wind in the Gulf of Maine.
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The Virginia State Corporation Commission (SCC) has given its approval for Dominion Energy to construct a 2.6 GW wind project 27 miles off the coast of Virginia Beach.
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Colombia is moving forward with its plans to promote offshore wind energy after releasing the country's roadmap earlier this year.
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The US Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has identified two potential wind energy areas (WEAs) off the coast of the Gulf of Mexico that it is now taking public comment for.
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The governor of Rhode Island has signed a bill into law that will see the state procure up to 1 GW of offshore wind generation.
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Brazilian renewable developer Lisarb Energy has launched an offshore wind joint-venture with UK financial advisory firm Prosperity Energy.
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Ocean Winds (OW), the offshore wind joint-venture between EDPR and Engie, is expanding its activities in Brazil through the outfit's new subsidiary OW Brasil.
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Corio Generation is eyeing more than 5 GW in wind capacity off the coast of Brazil, marking the company’s first offshore wind development in the Americas.
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The US Department of the Interior (DOI) has announced its plan to hold offshore wind leasing auctions in two areas in the outer continental shelf offshore California, the first offshore wind auction held in the west coast.
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The US Department of the Interior has announced the winners in the Carolina Long Bay wind energy auction which attracted bids totalling $315 million.
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BlueFloat Energy has announced plans to develop 5.2 GW of offshore wind projects off the coast of Colombia after the government unveiled its roadmap for project development.
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Monómeros, the Colombian agricultural and industrial group, has signed a memorandum of understanding (MoU) with public lighting company APBAQ to develop green ammonia in the country.
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The US Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has completed its environmental review of a pair of wind leasing areas off the coast of the Carolinas, triggering an auction process.
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Copenhagen Infrastructure Partners (CIP) is expected to ink a memorandum of understanding this week to develop the first large-scale offshore wind farm in Latin America.
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The New Jersey Board of Public Utilities (NJBPU) has postponed its third offshore wind solicitation in order to weigh transmission proposals that would interconnect offshore wind generation to the state's grid, and to allow the recent winners of the NY Bight offshore wind auction more time to prepare their project proposals.
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German utility EnBW, which partnered with French oil and gas company TotalEnergies on one of the winning bids in last week's New York Bight offshore wind lease sale, has decided to sell its interest in the concession to its partner.
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The provisional winners of the Bureau of Ocean Energy Management’s (BOEM’s) New York Bight offshore wind auction have been revealed, concluding the highest-grossing competitive offshore wind area lease sale in US history.
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The Bureau of Ocean Energy Management's auction of offshore wind lease areas in the New York Bight has carried over into a second day of bidding, with six lease areas still up for grabs.
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The US Bureau of Ocean Energy Management (BOEM) has launched its highly anticipated auction for offshore wind leasing areas in the New York Bight, taking in bid offers totaling more than $1.3 billion.
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Norwegian renewables developer Aker Offshore Wind has found a buyer for a portion of its 47% stake in Californian floating offshore wind platform designer Principle Power.
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Eversource Energy and Orsted’s offshore wind joint venture, South Fork Wind, has reached a final investment decision on its namesake offshore wind farm off the coast of New York state.
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The state of Louisiana has outlined plans to develop 5 GW of offshore wind capacity by 2035 under its Climate Action Plan.
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Vineyard Wind, the offshore wind joint venture between Avangrid Renewables and Copenhagen Infrastructure Partners (CIP), has appointed a new CEO.
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PJM Interconnection and the New Jersey Board of Public Utilities (NJBPU) have outlined plans to interconnect about 7.5 GW of offshore wind generation to the grid by 2035, through proposed transmission projects.
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The Bureau of Ocean Energy Management (BOEM) has approved the construction and operations plan (COP) of the South Fork wind project off the coast of Rhode Island.
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Norway's Equinor has hired a new head of US project finance from Colorado-based Summit Utilities.
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The US Department of the Interior (DOI) has greenlit a lease sale in the New York Bight, marking the first offshore wind lease auction under the Biden administration.
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Avangrid Renewables and Copenhagen Infrastructure Partners (CIP) have completed the restructuring of their 50:50 Vineyard Wind joint venture and promoted a pair of senior staffers to support the JV.
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The US Bureau of Ocean Energy Management (BOEM) is preparing a draft environmental assessment (EA) weighing the impact of leasing offshore wind projects in the Gulf of Mexico.
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The CEO of Mayflower Wind Energy, the offshore wind joint venture between Shell New Energies and EDPR Offshore North America, has taken up a new role.
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New York governor Kathy Hochul has outlined plans to strengthen offshore wind generation in the state, including a $500 million investment in offshore wind projects and infrastructure.
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Avangrid Renewables’ offshore wind project, Commonwealth Wind, has been selected as part of Massachusetts’ competitive offshore procurement process.
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The Department of the Interior (DOI) has completed its environmental review of the offshore leasing area in the New York Bight.
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An offshore wind joint venture between Shell New Energies and OW Americas has been awarded a contract to provide offshore wind energy to the Commonwealth of Massachusetts.
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An offshore wind joint venture between EDP Renewables (EDPR) and Engie has appointed a new CEO after the previous one stepped down.
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A Blackstone Infrastructure Partners portfolio company has submitted an application to develop an offshore wind transmission project to the New Jersey Board of Public Utilities (NJBPU).
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The Department of the Interior’s (DOI’s) Bureau of Ocean Energy Management (BOEM) has approved the construction of the South Fork Wind project off the shore of Rhode Island.
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Copenhagen Infrastructure Partners (CIP) has signed a memorandum of understanding (MoU) to develop a 1.8 GW offshore wind and green hydrogen project in Brazil.
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PSEG and Orsted have submitted several joint proposals to develop offshore wind transmission infrastructure within the PJM Interconnection market.
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The Bureau of Ocean Management (BOEM) has outlined plans to hold up to seven new offshore wind lease sales before 2025.
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Avangrid Renewables has appointed a pair of co-CEOs following the departure of the incumbent, Alejandro de Hoz, from the company.
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French oil and gas giant TotalEnergies and UK-based developer Simply Blue Group have launched a joint venture to develop floating offshore wind projects in the US.
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Lead arrangers have laid out the terms for the almost $2.4 billion construction debt package for the 800 MW Vineyard Wind project off the coast of Massachusetts, which was launched into syndication last week.
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Wind sponsors look poised to favor a "more equitable" direct-pay structure following the approval of a portion of the Democrats’ proposed $3.5 trillion spending package by the US House of Representatives' Ways and Means Committee, which could alter the tax equity landscape, say insiders at REFF Wall Street 2021.
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The Bureau of Ocean Energy Management (BOEM) is preparing to launch an environmental review of an offshore wind project being developed by a 50:50 joint venture between Shell New Energies and EDF Renewables North America (EDFRNA), off the coast of New Jersey.
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Avangrid Renewables and Copenhagen Infrastructure Partners (CIP) have agreed to restructure their 50:50 Vineyard Wind joint venture in an effort to focus on their own expansion plans in the US offshore wind market.
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The lead arrangers on the almost $2.4 billion construction debt package for the 800 MW Vineyard Wind project off the coast of Massachusetts have begun sounding out lenders to participate in syndication.
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LS Power subsidiary Rise Light & Power has bought the site of a retired oil-fired power plant in New Jersey and plans to redevelop it as an interconnection point for offshore wind farms to deliver electricity to the state's grid.
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A club of nine international and US banks has reached financial close on a $2.3 billion senior debt package to fund the construction of the 800 MW Vineyard Wind project off the coast of Massachusetts.
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