Offshore Wind (OSW)
The Bureau of Ocean Energy Management has approved Vineyard Wind 1’s plan to replace additional installed blades in the wake of a major blade failure in the summer, and resume operation.
The order does not affect existing onshore or offshore wind leases, but it sets up potential challenges by directing a comprehensive review.
Cost increases, delays and diminished value of assets contributed to Ørsted's latest setback — which was announced before President Trump targeted offshore wind in an executive order.
New Jersey Gov. Phil Murphy and the Board of Public Utilities are pushing ahead with ambitious clean energy plans even as they face the reality of President-elect Donald Trump, a fierce skeptic of clean energy, taking office.
Oceantic Network released a report on the thousands of jobs created and billions of dollars invested through more than 1,900 supplier contracts that span 40 states.
New Jersey in 2025 faces the added uncertainty of a likely contentious governor’s race to replace clean energy champion Gov. Phil Murphy and his release of a new energy master plan.
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.
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.
Requests that two developers submitted this year have prompted BOEM to start planning a 2026 offshore wind auction in the Gulf of Mexico.
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.
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