Two major New York offshore wind projects are getting back on track, with more-lucrative contract awards to replace their existing deals with the state.
State legislators peppered the leader of New York’s clean energy transition with questions about the sputtering progress and controversial details of the effort, but got few firm answers.
The details released on New York’s potential next wave of offshore wind projects indicate continued efforts to expand the human and industrial infrastructure critical to offshore development.
The churn in New York’s offshore wind industry reached a crescendo Jan. 25, with ownership changes, contract cancellations and new proposals announced.
Two states with some of the most ambitious offshore wind goals in the nation brought stakeholders together last week, trying to keep things on track in 2024.
BloombergNEF offshore wind analyst Chelsea Jean-Michel said there's reason for optimism for the industry in the United States, once it overcomes its growing pains.
Eversource will take a fourth-quarter 2023 impairment of up to $1.6 billion due to the ongoing struggles of its offshore wind joint ventures with Ørsted.
The groups charged with leading New York’s energy transition enter 2024 trying to build on momentum from in 2023 while recovering from its disappointments.
Contracts for renewable energy projects totaling more than 8 GW of capacity in New York have been canceled as developers scramble to get out of unprofitable deals and rebid at higher cost.