Following decisions of its Board of Directors, Ørsted will cease development of the Ocean Wind 1 and 2 projects and has taken final investment decision on the Revolution Wind project. The decisions are part of an ongoing review of Ørsted’s US offshore wind portfolio. Impairment updateOn 29 August 2023, Ørsted announced anticipated impairments on its … Continue reading Ørsted ceases development of its US offshore wind projects Ocean Wind 1 and 2, takes final investment decision on Revolution Wind, and recognises DKK 28.4 billion impairments
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ACP Statement on BOEM Approval of Coastal Virginia Offshore Wind Project
The American Clean Power Association (ACP)?issued the following statement today from JC Sandberg, Chief Advocacy Officer after the U.S. Bureau of Ocean Energy Management (BOEM) issued a final Record of Decision for Dominion Energy’s Coastal Virginia Offshore Wind (CVOW) project:?? “Offshore wind is a remarkable source of clean energy with immense potential that will enhance … Continue reading ACP Statement on BOEM Approval of Coastal Virginia Offshore Wind Project
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Solar and wind power curtailments are rising in California
The California Independent System Operator (CAISO), the grid operator for most of the state, is increasingly curtailing solar- and wind-powered electricity generation as it faces the rapid growth of wind and solar power in California. Grid operators require wind and solar generators to curtail production to reduce energy output below the levels they would have … Continue reading Solar and wind power curtailments are rising in California
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New Wind Energy Areas in the Gulf of Mexico
The US Bureau of Ocean Energy Management (BOEM) is continuing its efforts to expand wind energy capacity in the Gulf of Mexico. In line with the government’s ambitious target of deploying 30 gigawatts of offshore wind energy by 2030, BOEM is set to auction off four new wind energy areas in the region. The recently … Continue reading New Wind Energy Areas in the Gulf of Mexico
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How reversible are the recent setbacks of the offshore wind sector?
Amid a challenging year for the offshore wind sector, recent setbacks have increased costs but are now also starting to spur vital policy changes. The industry is now in a position to reverse setbacks and advance toward ambitious goals, encouraging greater investments in renewables and job growth over the next decade Søren Lassen Head of … Continue reading How reversible are the recent setbacks of the offshore wind sector?
Continue readingCIP and Avangrid Announce Largest Single Asset Tax Equity Financing and First Large-Scale Offshore Transaction in the U.S.
Copenhagen Infrastructure Partners (CIP), a global leader in green energy investment, and Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, announced today that the Vineyard Wind 1 project closed a first-of-its-kind tax equity package for commercial-scale offshore wind with three US-based banks. The $1.2 billion dollar investment transaction … Continue reading CIP and Avangrid Announce Largest Single Asset Tax Equity Financing and First Large-Scale Offshore Transaction in the U.S.
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New ACP Report Shows Climate Change and Natural Forces Have Impact on Ocean Currents and Whale Habitats
Findings consistent with recent National Academies of Science analysis that shows insufficient evidence exists to connect offshore wind to effects on whale prey A new report commissioned by the American Clean Power Association (ACP) confirms what other scientific bodies have underscored: Climate change is having a far greater impact on the ocean and whale habitats … Continue reading New ACP Report Shows Climate Change and Natural Forces Have Impact on Ocean Currents and Whale Habitats
Continue readingCopenhagen Infrastructure Partners announces large-scale project award for next wave of offshore wind energy in New York
1.3 GW project will deliver billions in economic benefits, create thousands of jobs, and provide clean and affordable energy for more than 700,000 homes. Copenhagen Infrastructure Partners, through its development platform Vineyard Offshore, was today awarded 1.3 gigawatts (GWs) in the latest solicitation for offshore wind power held by the New York State Energy Research … Continue reading Copenhagen Infrastructure Partners announces large-scale project award for next wave of offshore wind energy in New York
Continue readingACP Statement on New York Announcing 25 New Clean Energy Projects
The American Clean Power Association (ACP) released the following statement from Josh Kaplowitz, Vice President for Offshore Wind, after New York Governor Kathy Hochul announced the solicitation awards for three offshore wind and 22 land-based renewable energy projects totaling 6.4 gigawatts (GW) of clean energy: “The projects announced today represent $20 billion in new investments … Continue reading ACP Statement on New York Announcing 25 New Clean Energy Projects
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Prysmian completes cabling operations for Vineyard Wind Power plant
Is the first utility-scale offshore wind farm in the US.134 km of submarine power cables installed and capable of providing wind energy to more than 400,000 homes and businesses in Massachusetts. Prysmian confirms its commitment to lead the green energy transition.Prysmian Group, world leader in the energy and telecom cable systems industry, successfully completed the … Continue reading Prysmian completes cabling operations for Vineyard Wind Power plant
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TotalEnergies joins forces with Corio and Rise to develop 3+ GW wind power project offshore New York & New Jersey
TotalEnergies today announces it partnered with Corio Generation (Corio), an offshore wind developer, and Rise Light & Power (Rise), a New York-based electricity producer, for the joint development of the Attentive Energy offshore wind project off the coast of New York and New Jersey. Corio and Rise took respective stakes of 27.7% and 16.3% in … Continue reading TotalEnergies joins forces with Corio and Rise to develop 3+ GW wind power project offshore New York & New Jersey
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Gov. Hochul’s Veto Threatens Clean Energy Goals
The American Clean Power Association (ACP) released the following statement from ACP Director of Eastern Region State Affairs Moira Cyphers, after New York Governor Hochul vetoed the Planned Offshore Wind Transmission Act today: “Governor Hochul must get serious about reaching 70% clean energy by 2030. Today, she dealt a significant blow to the state’s own … Continue reading Gov. Hochul’s Veto Threatens Clean Energy Goals
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Solar and wind energy are on the rise in the United States
Clean energy is booming in the United States. According to “Renewables on the Rise 2023,” the seventh edition of our annual report on the state of clean energy in America, the United States now generates nearly 12 times as much solar power and 2.6 times as much wind power as it did in 2013. Taken … Continue reading Solar and wind energy are on the rise in the United States
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Iberdrola installs first turbine of Vineyard Wind 1 offshore wind farm
Iberdrola has completed installation of the first turbine at the Vineyard Wind 1 offshore wind farm. Each turbine will provide power to more than 6,000 homes and businesses. Comprising a tower, three blades and a nacelle, it has a rated capacity of 13 megawatts, making it the largest turbine in the world. In addition, the … Continue reading Iberdrola installs first turbine of Vineyard Wind 1 offshore wind farm
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ACP Statement on DOE Grant Funding in Support of Grid Expansion
The American Clean Power Association (ACP) released the following statement today from Vice President of Markets and Transmission Carrie Zalewski after the U.S. Department of Energy (DOE) announced $3.5 billion in federal grant funding to help support grid expansion in the U.S.: “This funding will help support the grid expansion America desperately needs to deploy … Continue reading ACP Statement on DOE Grant Funding in Support of Grid Expansion
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Avangrid (Iberdrola), CIP Announce Successful Installation of the First Wind Turbine
GE Haliade-X Is First of 62 Wind Turbines for First-in-the-Nation Project that Will Power More than 400,000 Homes and Businesses in Massachusetts. Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, and Copenhagen Infrastructure Partners (CIP), a global leader in green energy investment, today announced that that the Vineyard … Continue reading Avangrid (Iberdrola), CIP Announce Successful Installation of the First Wind Turbine
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The Benefits of Offshore Wind Energy for Coastal Communities
The U.S. Department of Energy has awarded a $2.5 million grant to a team of researchers led by Oregon State University. The funding will be used to conduct a study on how coastal communities perceive and benefit from the potential development of offshore wind energy projects. The study will be carried out by the Pacific … Continue reading The Benefits of Offshore Wind Energy for Coastal Communities
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ACP to Air Offshore Wind Ad Targeting New Jersey Residents During Eagles vs. Jets Game
The American Clean Power Association (ACP) will air an ad titled “Offshore Wind is Investing in New Jersey” during Sunday’s Philadelphia Eagles vs. New York Jets NFL game, which starts at 4:25 PM ET. The ad highlights the economic and energy benefits of offshore wind, particularly to New Jersey’s coastal communities. “Offshore wind is delivering thousands of jobs … Continue reading ACP to Air Offshore Wind Ad Targeting New Jersey Residents During Eagles vs. Jets Game
Continue readingACP Statement on NYSPSC Offshore Wind Ruling
The American Clean Power Association (ACP) released the following statement from ACP CEO Jason Grumet after the New York State Public Service Commission (NYSPSC) denied petitions requesting inflation adjustments for wind and solar energy projects in New York: “With one shortsighted decision, the NYSPSC has thrown New York’s environmental and clean energy future into peril. … Continue reading ACP Statement on NYSPSC Offshore Wind Ruling
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Expanded modelling scenarios to understand the role of offshore wind energy in decarbonizing the United States
An assessment of decarbonization pathways in energy models reveals fundamental limitations in representing factors that are relevant for practical decision-making. Although these modelling limitations are widely acknowledged, their impact on the deployment of individual power generation types is not well understood. As a result, the societal value from such generation types could be vastly misrepresented. … Continue reading Expanded modelling scenarios to understand the role of offshore wind energy in decarbonizing the United States
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