The approval by the Bureau of Ocean Energy Management solidified Ørsted and Eversource’s commitment to the project with both taking final investment decisions.
Venture Global files requests with the Federal Energy Regulatory Commission for Calcasieu Pass 1 and 2 before a potential vacancy on the commission brings approvals to a standstill.
New York State has received bids to supply power from three offshore wind projects in its expedited fourth solicitation that allowed developers to exit old contracts and re-offer projects at higher prices.
As climate activists declare a win, the Department of Energy secretary says the pause is needed to update current policy.
South Africa’s Cape Town is at the forefront of other major cities in Africa’s southernmost country in its approach to deal with rolling blackouts and boost its own energy security while reducing its coal usage in favor of renewables.
Corporate funding for the solar sector hit a decade high last year, but M&A activity saw a year-on-year decline, according to the Mercom Capital Group.
The Biden administration is allocating $207 million for domestic fertilizer and renewable energy projects as part of an effort to boost supplier competition for U.S. farmers and ranchers and help lower energy costs for agricultural producers.
The year ahead could include more technology stacking, commercialization of geothermal technologies and improved economic conditions, analysts say.
Expect energy policy to be a dominant theme in the 2024 elections.
PJM Interconnection predicts that the mounting electrification of transportation and industry will drive an increase in power demand this year.