Ørsted, the largest OSW developer in the world, reported that earnings from its offshore wind business hit an all-time high in the first quarter of 2023.

Rhode Island Energy said it hoped to receive more than one proposal in the state’s second offshore solicitation but recognizes the challenges facing the sector.

The two companies are proposing an 884-MW wind farm off the coast of Rhode Island.

General Electric may play a potentially significant role in the supply chain that New York hopes to host for its new offshore wind industry.

Siemens Gamesa said it will build a nacelle factory in upstate New York if its turbines are selected for the next wind farms to be built off the state’s coast.

Eversource’s 2022 earnings were hit by continued uncertainty over its offshore wind portfolio despite record profits, the company said in a call with analysts.

New York said its latest offshore wind solicitation drew more than 100 proposals from six developers for eight new projects — a record level of response.

NYSERDA did not release details on the submissions for New York state’s third offshore wind solicitation, but least some of the would-be developers are known.

Two major offshore wind power developers are warning again of economic problems with projects off the New York and New England coasts.

The U.S. economy is experiencing its first taste of high inflation in decades, and that is contributing to delays in new renewable power projects, experts say.