Wind power accounted for 22 percent of new electricity capacity installed in the U.S. last year, representing $12 billion in capital investment, according to wind energy market reports issued by the U.S. Department of Energy. The reports – 2023 offshore, land-based, and distributed wind market reports – show that wind power continues to be a…...
The U.S. Department of the Interior on Aug. 22 announced its approval of the Revolution Wind project, a 704-megawatt wind farm to be built off the coast of Rhode Island. The project would have the ability to provide electricity for around a quarter of a million homes. The Revolution Wind Project is the department’s fourth…...
The U.S. offshore wind industry is faced with a host of challenges including opposition over impacts to the environment and…Read the full report …...
The U.S. offshore wind industry is faced with a host of challenges including opposition over impacts to the environment and coastal economies, escalating costs, and delays despite several projects reaching major milestones.
U.S. carbon markets demonstrated robust participation in recent auctions including Washington’s two consecutive auctions that sold out of carbon permits and raised over $850 million under the state’s cap-and-invest program launched this year. However, carbon-trading programs continue to face opposition in some jurisdictions over concerns of higher ratepayer bills.
The Bureau of Ocean Energy Management on July 31 announced three final Wind Energy Areas with a total area of around 356,550 acres, situated offshore Delaware, Maryland, and Virginia. These areas underwent meticulous development, with extensive engagement and feedback from states, Tribes, local residents, ocean users, federal government partners, and the broader public. Aligned with…...
The U.S. Energy Department on July 26 announced $33 million to fund 14 clean-energy research projects, aiming to rectify the historical imbalance in federal scientific funding across the country. The diverse projects aim to cover crucial areas such as grid integration, renewable energy such as solar and wind energy, and advanced manufacturing. By promoting equitable…...
