Offshore Wind Power
SouthCoast Wind Energy LLC
Another mature offshore wind project is facing financial write-downs and a potential yearslong delay in the wake of the Trump administration’s moves to shut the sector down.
PSEG
Public Service Enterprise Group saw an “over-12-fold” increase in mature leads and inquiries from customers exploring “large load and data center projects” over the past year, CEO Ralph LaRossa said in the utility’s fourth-quarter earnings call.
EIA
The U.S. Energy Information Administration projects 2025 additions of 32.5 GW of solar, 18.2 GW of storage, 7.7 GW of wind, 4.4 GW of gas and 0.2 GW of all other forms of generation.
Shutterstock
A report released in February by Aurora Energy Research has found that President Donald Trump’s executive orders have put 43 GW of East Coast offshore wind projects at risk of permitting delay.
BOEM
Beacon Wind has paused its efforts to build an underwater transmission line into New York City.
Eversource Energy
Eversource Energy executives announced during the company’s year-end earnings call its plan to increase investments in its “core electric and natural gas operations” by $1.9 billion in 2025-2028.
Ørsted
Three companies closely involved in offshore wind power development offered a glum assessment of the sector’s prospects in the U.S.
Dominion Energy
Dominion Energy reported that its Coastal Virginia Offshore Wind project will cost 9% more than initially expected, thanks to higher-than-expected PJM network upgrade costs.
Shutterstock
Gov. Phil Murphy called offshore wind a “once-in-a-generation opportunity” to build a new industry and create jobs, but said he supported the BPU’s decision.
Ørsted
Ørsted CEO Mads Nipper has been replaced by Deputy CEO Rasmus Errboe.
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