Offshore Wind (OSW)
Rystad Energy
Rystad Energy expects capacity additions to reach 19 GW and expenditures to reach $80 billion — substantially more than the roughly 8 GW and 10 GW seen in 2024 and 2023, respectively.
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.
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.
CPUC
The California electric resource portfolio incorporates 63 GW of clean energy and new storage by 2035 and will be sent to CAISO for use in its 2025/26 transmission planning process.
BOEM
Beacon Wind has paused its efforts to build an underwater transmission line into New York City.
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.
Shutterstock
Atlantic Shores said its offshore wind project in New Jersey will continue despite Shell's exit, which caused the oil supermajor a $1 billion impairment.
NECA
Government affairs experts previewing New England’s 2025 legislative sessions outlined some key policy overlaps and notable differences among states during a webinar held by the Northeast Energy and Commerce Association.
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