The U.S. offshore wind industry is grappling with a changing landscape amid policy changes and economic challenges. President Donald Trump’s recent executive action halting offshore wind leasing and permitting has come as a major setback for the industry. While projects that have already secured…Read the full report…...
The U.S. offshore wind industry is grappling with a changing landscape amid policy changes and economic challenges. President Donald Trump's recent executive action halting offshore wind leasing and permitting has come as a major setback for the industry. While projects that have already secured federal approvals and financing are expected to move forward, prolonged permitting delays could stall momentum and deter future investment.
Canada has passed legislation to unlock the vast potential of offshore renewable energy in Nova Scotia and Newfoundland and Labrador. This marks a significant step forward for the offshore wind industry in the region, establishing a…Read the full report…...
Canada has passed legislation to unlock the vast potential of offshore renewable energy in Nova Scotia and Newfoundland and Labrador. This marks a significant step forward for the offshore wind industry in the region, establishing a joint regulatory framework to harness the Atlantic wind resources.
Despite facing hurdles, the U.S. offshore wind industry continues to make progress. The Vineyard Wind project off Massachusetts is under investigation after a turbine blade failure, and a Gulf of Mexico lease auction has been canceled due to…Read the full report…...
Despite facing hurdles, the U.S. offshore wind industry continues to make progress. The Vineyard Wind project off Massachusetts is under investigation after a turbine blade failure, and a Gulf of Mexico lease auction has been canceled due to a lack of interest. Nevertheless, ambitious plans to expand the industry are moving forward, including the implementation of the first floating offshore wind research lease and California’s plan to procure 7.6 gigawatts (GW) of capacity.
The Biden administration continues to advance policies and programs to catalyze offshore wind deployment to achieve the goal of deploying 30 gigawatts (GW) of offshore wind energy capacity by 2030…Read the full report …...
The Biden administration continues to advance policies and programs to catalyze offshore wind deployment to achieve the goal of deploying 30 gigawatts (GW) of offshore wind energy capacity by 2030 and 15 GW of floating offshore wind energy capacity by 2035. States are also expediting offshore wind procurement efforts to align with ambitious deployment goals.
States with big offshore wind ambitions are planning new strategies to recover the industry from economic challenges that have resulted in some major developers seeking to exit or revise their…Read the full report …...
States with big offshore wind ambitions are planning new strategies to recover the industry from economic challenges that have resulted in some major developers seeking to exit or revise their power purchase contracts.
Even as the offshore wind industry is seeking to scale up, economic challenges cast shadow on future development. Inflation and supply chain disruptions have resulted in some major developers seeking to exit or revise their power purchase contracts. A recent announcement to cancel…Read the full report …...
Even as the offshore wind industry is seeking to scale up, economic challenges cast shadow on future development. Inflation and supply chain disruptions have resulted in some major developers seeking to exit or revise their power purchase contracts. A recent announcement to cancel two large projects off New Jersey has dealt a setback to the industry, reflecting the deepening financial challenges of the sector.
