Offshore Wind
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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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