Offshore Wind (OSW)
CS WIND Offshore
President-elect Trump said he would halt offshore wind power development, but how big of an impact he will have on the industry remains to be seen.
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Vineyard Offshore no longer plans to proceed with its bid for the 1,200-MW Vineyard Wind 2 project following Connecticut’s decision not to buy power from the project.
BOEM
Requests that two developers submitted this year have prompted BOEM to start planning a 2026 offshore wind auction in the Gulf of Mexico.
Shutterstock
New York state has executed contracts for proposed onshore wind and solar projects totaling 2,341 MW of capacity at an expected cost of more than $4.7 billion.
BOEM
Federal regulators continue to advance offshore wind energy development, issuing a key approval for a Maryland proposal and smoothing the way for as many as six future projects in the New York Bight.
RWE
RWE, which holds offshore wind leases off the Atlantic, Pacific and Gulf coasts, said it is pausing capital expenditures on development there for two years due to increased risk and uncertainty.
BOEM
The Bureau of Ocean Energy Management issued the final environmental impact statement for SouthCoast Wind, bringing the project one step closer to final approval.
R.I. Ports Coalition
Rhode Island voters overwhelmingly approved a ballot proposal to dedicate $53 million in bonds to several environmental infrastructure projects, including $15 million for the Port of Davisville.
South Fork Wind
Eversource Energy’s exit from the offshore wind business drove a $118 million loss in the third quarter of 2024, offsetting increased revenue from its electric and gas distribution business relative to 2023, the company told investors.
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Opposition to offshore wind is much more widespread than the two dozen or so protesters outside the Atlantic City Convention Center.
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