The initiative comes amid mounting concern that the US offshore wind sector is losing momentum. This is a result of many factors including rising inflation, climbing interest rates, higher raw material costs, and lower investment returns. Nevertheless, offshore wind development remains a key componen...
The Dredging Contractors of America (DCA), a trade association representing the U.S. dredging and marine construction industry, said it strongly supports the development of a robust offshore wind industry. “As the industry grows in the United States and along the U.S. East Coast, the DCA a...
US regulators have taken new steps to advance offshore wind development in the Mid-Atlantic and New England regions. The US Bureau of Ocean Energy Management (BOEM) today said it will soon prepare an environmental impact statement for the Atlantic Shores North project off the coast of New ...
Interest in US offshore wind development is at an all-time high, as the Biden Administration and lawmakers continue to create renewable energy project incentives and opportunities, shareholders demand action from companies to address climate change, and companies pursue “green” financial investments...
If awards were given for dominating the sustainable energy spotlight, offshore wind (OSW) would surely be in line for top honors. Consider: Big money: BOEM’s February sale of New York Bight offshore wind development rights drew a record $4.37 billion in developers’ bids. Not only is ...
Offshore Wind Industry. Nick has worked in the Maritime, Oil & Gas, and Petrochemical industries since 2000 and held a variety of positions in engineering, management, and business development during that time. A graduate of the University of Houston, Nick holds a Bachelor of Science...
The East Coast has been described as the Saudi Arabia ofwind energy. Powerful, consistent winds off the coastlinemake it an abundant clean energy solution, capable ofsupplying vast amounts of affordable, reliable power.However, US offshore wind development has woefullylagged behind other countries....
[03:28.08]The earlier U.S. offshore wind development auction record [03:34.00]was set in 2018. It was valued at $405 million. [03:43.56]BOEM reportedly said 14 companies were involved in the auction. [03:51.40]Gover...
America's first large-scale offshore wind farms began sending power to the Northeast in early 2024, but a wave of wind farm project cancellations and rising costs have left many people with doubts about the industry's future ...
US-UK agreement on offshore developmentThe article reports on the wind technology agreement between Great Britain and the U.S. which is aimed at the development of floating offshore wind turbines.Modern Power Systems