State solicitations have helped lower offshore wind prices, but DEEP Commissioner Katie Dykes says the next challenge for the sector is transmission.

Mayflower Wind has submitted a 1.2-GW bid in Massachusetts' latest offshore wind RFP, pledging to spend up to $81 million for economic development.

Avangrid Renewables and Copenhagen Infrastructure Partners will continue to co-develop the 800-MW Vineyard Wind 1 project.

Offshore wind's prospects have brightened under President Biden, but speakers at a conference acknowledged a need to move faster to achieve climate goals.

Offshore wind developers said empathy for communities and ocean users is the key to winning stakeholder support of their projects.

Avangrid said it expects the Park City offshore wind project to begin commercial operations in 2026 instead of the 2025 date it previously announced.

The needs of European Offshore Wind developers will constrain availability severely for wind turbine installation vessels that could serve the U.S. market.

The Biden administration’s climate goals and a new investment tax credit has U.S. offshore wind developers and prospective lenders bullish about the future.

The final approval of Vineyard Wind I by BOEM is expected to kick-start the approval of more plans in the offshore wind pipeline.

Avangrid reported a 40% increase in its first-quarter profits, compared to the same period in 2020, buoyed by its renewables division.