The US is not the only place where the offshore wind industry faces cost-related headwinds. In the UK, Swedish utility Vattenfall hasstopped developmenton its 1.4GW Norfolk Boreas offshore wind project, citing the high interest rates and cost inflation as key factors in its decision to suspend...
Talking about the importance of the supply chain, after joining several European webinars on Offshore Wind, it is understood that the big offshore energy companies will be requiring their supply chain, including builders, to comply with strict sustainability requirements. Is it presumed ...
“Those companies,” he commented, “recognize there’s a massive market opportunity that’s off the New Jersey shore.” (Source: NBOC) Conference April 26-28: Business Network for Offshore WindBrian Sabina leads New Jersey’s OSW economic growth programs. Sabina said N.J. works closely ...
“Offshore wind might appear to be on the chopping block — Trump’s explicitly said this was something he’d fix on the first day — but when the economics of offshore wind are in alignment with his overall strategies of returning manufacturing to America and b...
“The enhancement of this venture will help bring these important service operation vessels to the U.S. offshore wind market to meet the nation’s clean, sustainable energy demands,” said Jeff Andreini, vice president, Crowley Wind Services. “As we increase our organizations’ shared capabiliti...
3. The Biden Administrations Inflation Reduction Act of 2022 gives 30% tax credits to companies that develop offshore wind installations, creating a new gold rush. 4. Wind turbines of all sorts now generate 10% of the electricity produced in the United States annually. ...
Collaboration among state governments across several tasks will contribute to the timely and cost-effective scaling of the emerging offshore wind industry along the US East Coast.
CIP signs corporate PPA for offshore wind project in Taiwan Nov 29, 2024 Companies Browse Companies Financial Results IPOs Deals Products & Technology Other Corporate advances search Mix and match your focus countries with our advanced search Latest in Companies Weekly renewables M&A round-up (Nov...
Designs wind turbines for leading energy companies AREVA Learn how this leading energy company proves feasibility of new method for installing offshore wind turbines Evaluates 1,000 load cases overnight SANY Heavy Energy Discover how this leading wind turbine manufacturer utilizes a digital twin to imp...
Previously, bp and Equinor each held a 50% stake in the Beacon and Empire offshore wind projects. Under the new agreement, the companies will work independently to develop their wholly owned projects. The pair have also agreed...