Orsted
Ørsted
Three companies closely involved in offshore wind power development offered a glum assessment of the sector’s prospects in the U.S.
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.
Ørsted
Ørsted CEO Mads Nipper has been replaced by Deputy CEO Rasmus Errboe.
NYSERDA
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.
Shutterstock
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.
Dominion Energy
Several clean energy industries were clear losers after former President Trump's reelection, and offshore wind and EV company stocks took hits the day after the election.
Ørsted
A one-in-a-thousand problem with a key foundation component is the latest setback in U.S. waters for Ørsted and is blamed for its latest nine-digit cost impairment.
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The Bureau of Ocean Energy Management has decreased its offshore wind permitting times 20% as it gains experience and works to expedite development of the clean energy sector.
Christian Fiore
New Jersey’s offshore wind sector looks to take a key role in the East Coast turbine industry despite the closure of the state’s two most advanced projects.
Siemens Gamesa
Eversource Energy has formally ended its costly foray into offshore wind development, finalizing the sale of its last two offshore assets and predicting a half-billion-dollar loss as a result.
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