Ørsted Plunges 20% on Risk of $2.3B in US Impairments

The company’s Ocean Wind 1, Sunrise Wind and Revolution Wind projects are adversely impacted by several supplier delays, the company said in a statement.

First GoM Wind Lease Sale Lures Just One Winning Bid

The lone provisional winner of the Lake Charles lease area was RWE Offshore US Gulf LLC, which placed a high bid of $5.6 million.

Energy Transition in Motion (Week of Aug. 25, 2023)

Here is a look at some of this week’s renewable energy news, including the launch of a large solar, storage, EV project at a U.S. airport.

Morgan Stanley, Crowley Enter Offshore Wind JV

The newly created Crowley Wind Services Holdings LLC—made up of maritime company Crowley, Morgan Stanley Investment Management and Morgan Stanley Infrastructure Partners will work to advance offshore wind.

Hurry Up and Wait? IRA Puts Transmission, Other Woes in Spotlight

At the end of 2022, more than 2,000 gigawatts of generation and storage were awaiting interconnection across the U.S.—almost double the amount of today’s generation capacity.

Equinor Opens World's Largest Floating Wind Farm in Norway

The opening of the Hywind Tampen wind farm is part of Norway's plan to pivot toward offshore wind.

US Gives Green Light to Ørsted, Eversource’s Revolution Wind Project

Ørsted’s project is the fourth commercial-scale wind farm approved by the Biden administration.

Energy Transition in Motion (Week of Aug. 18, 2023)

Here is a look at some of this week’s renewable energy news, including plans for a multibillion-dollar hydrogen production facility, data center campus and greenhouse complex in West Virginia.

Clean Energy Installations Rise Even as Projects Face Delays

The American Clean Power Association reported about 55 gigawatts of projects—most of them solar—are facing delays and have not come online as expected.

IRA One Year Later: Progress, But a Long Way to Go

Nearly $271 billion in capital investment has been announced for clean energy projects and manufacturing facilities since Aug. 16, 2022, according to the American Clean Power Association.