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Energy Transition in Motion (Week of Nov. 3, 2023)
Here is a look at some of this week’s renewable energy news, including Dominion Energy’s search for an equity partner for its wind development offshore Virginia.
Ørsted Stock Plummets After Offshore New Jersey Wind Projects Canceled
Ørsted and other offshore wind developers have struggled lately with inflationary pressures, rising interest rates and supply chain delays.
Ørsted to Write Off $5.6B on Halted US Projects
Ørsted said it would halt development of two U.S. offshore wind projects while, separately, the head of BP's gas & low carbon business said on Nov. 1 that the U.S. offshore wind industry is "fundamentally broken."
Despite JV Reports, BP Focused on Organic Growth Not M&A—CEO
BP remains focused on its transformation into an integrated energy company, interim CEO Murray Auchincloss said during a quarterly webcast, ruling out M&A for now despite reports the company was seeking joint venture partners.
US Greenlights Dominion Energy’s Wind Project Offshore Virginia
Dominion Energy said construction for the project, which is on time and on budget, is scheduled to begin later this year.
BOEM Identifies Four Wind Energy Areas in GoM Amid Concerns
Word of the wind energy areas comes after the first U.S. GoM lease sale brought in one high bid in August and as the region’s offshore oil and gas sector faces uncertainty.
Energy Transition in Motion (Week of Oct. 27, 2023)
Here is a look at some of this week’s renewable energy news, including a battery manufacturer's $1.2 billion Arizona battery facility and the U.S. entry of Belgium-based electrolyzer manufacturer John Cockerill Hydrogen.
CIP, Avangrid Raise $1.2B in Capital for Vineyard Wind 1
Copenhagen Infrastructure Partners and Avangrid expect the 800-megawatt wind project offshore Massachusetts to enter service this year.
NextEra Gears Up for Wind Repower Projects as Renewables Backlog Grows
NextEra Energy Inc. said its renewables arm, NextEra Energy Resources, added more than 3.2 gigawatts of projects to its backlog.
NY Awards Conditional Contracts for 6.4 GW in Renewable Projects
The projects selected by the New York State Energy Research and Development Authority include three offshore wind projects.