Sunrise Wind
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.
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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Ørsted gathered industry, labor and environmental officials to mark some milestones in preparation for construction of Sunrise Wind and in the development of New York's offshore wind industry.
Sunrise Wind
Sunrise Wind has received final federal approval of its construction and operations plan and expects to begin seabed preparations off the New England coast this year.
Ørtsted/Edison Chouest Offshore
Two offshore wind projects have rebounded from the financial turmoil of 2023, finalizing replacement contracts with New York for 1,734 MW of capacity.
Eversource
Eversource announced plans to reduce its investments in Connecticut by about $500 million over the next five years because of the “negative regulatory environment” at the Public Utilities Regulatory Authority.
BOEM
The Bureau of Ocean Energy Management has approved the Sunrise Wind offshore wind farm, a 924-MW project that could power 320,000 New York homes.
Ørsted
Two major New York offshore wind projects are getting back on track, with more-lucrative contract awards to replace their existing deals with the state.
South Fork Wind
Eversource finalized its long-running attempt to sell off its offshore wind assets, but not soon enough to avoid a $1.95 billion impairment for 2023.
Empire Wind
The details released on New York’s potential next wave of offshore wind projects indicate continued efforts to expand the human and industrial infrastructure critical to offshore development.
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