Sunrise Wind
Ørsted
Three companies closely involved in offshore wind power development offered a glum assessment of the sector’s prospects in the U.S.
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Ørsted CEO Mads Nipper has been replaced by Deputy CEO Rasmus Errboe.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
Renewable energy industry analysts, representatives and environmental advocates say New York is in a better position than many others to make progress on its renewable energy goals during a second Trump administration.
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.
© RTO Insider LLC
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.
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