Revolution Wind
The House Natural Resources Committee advanced a package of permitting bills, headlined by the SPEED Act that seeks to speed up permit processing and limit litigation.
Ørsted reported a net loss for the third quarter, attributed to the continuing financial challenges for its U.S. offshore wind portfolio, but it also said those projects are progressing well toward completion.
The infrastructure that supports our ability to generate and move critically needed electrons relies heavily on a regulatory environment that offers some consistent level of predictability, says columnist Peter Kelly-Detwiler.
Ørsted will reduce its workforce roughly 25% through the end of 2027 as it wraps up construction of offshore wind farms and remakes itself as a more competitive company.
Energy experts and officials stressed the importance of proactive transmission planning, interconnection reform and increased demand-side flexibility at Raab Associates’ New England Electricity Restructuring Roundtable.
A federal judge has lifted a month-long stop-work order on the Revolution offshore wind project, which is 80% complete.
Revolution Wind’s developers are seeking an emergency injunction against the federal stop-work order slapped on the offshore wind project.
When a government’s word is no longer its bond, investors get nervous, and investors in clean energy generation plants in the United States are very nervous indeed, says columnist Dej Knuckey.
The addition of 3,500 MW of offshore wind capacity would have reduced ISO-NE energy market costs by about $400 million over the past winter, according to a recent study by Daymark Energy Advisors.
ISO-NE warned any significant delay of the Revolution Wind project will increase risk to the reliability of the New England grid and undermine the region’s economy.
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