New NYSERDA contracts put two NY offshore wind projects back on track

New York Gov. Kathy Hochul looks to have notched up two more successes in her efforts to get New York State offshore wind back on track. Today she announced that the state has conditionally awarded two offshore wind projects from its fourth offshore wind solicitation: Empire Wind 1, (developed by Equinor) and Sunrise Wind (developed by Ørsted and Eversource).

“I promised to make New York a place for the renewable energy industry to do business, and we are delivering on that promise,” Governor...

Equinor says it’s “ready to go to work” on Empire Wind

The Bureau of Ocean Energy Management (BOEM) today announced its approval of Empire Wind’s Construction and Operations Plan (COP). This is the Equinor project’s final approval from BOEM, following the agency’s Record of Decision approving the project in November 2023.

“We are proud to announce BOEM’s final approval of the Empire Wind offshore wind project,” said BOEM Director Elizabeth Klein. “This project represents a major milestone in our efforts to expand clean energy production and combat...

Intelatus assesses the “readjustment” in the U.S. offshore wind sector

Business consultancy Intelatus Global Partners has been taking a look at the much discussed “readjustment” in the U.S. offshore wind sector and putting things into perspective.

The start of 2024 marks a period where the “readjustment” of the U.S. wind segment seemed to become more apparent, says the firm. At a federal level, nearly 9 gigawatts (GW) of lease potential in the Central Atlantic and Oregon passed further hurdles to be auctioned in the next 12 or so months. Along with these two areas,...

GLDD ends year with $1.04 billion backlog

Houston-headquartered dredging giant Great Lakes Dredge & Dock Corporation (Nasdaq: GLDD) yesterday reported financial results for the quarter and year ended December 31, 2023. The numbers seemed to please investors, with the company’s share price up by 17.8% at the end of the trading day.


Fourth quarter 2023 results

  • Revenue was $181.7 million
  • Total operating profit was $30.5 million
  • Net income was $21.6 million (includes $5.6 million gain related to the termination of an offshore wind...

Ørsted and Equinor bid into NY4 offshore wind solicitation

Efforts to get New York offshore wind back on track continue. Following New York State’s successful third offshore wind solicitation, both Ørsted and Equinor have bid into New York’s fourth offshore wind solicitation (NY4), with some familiar projects being resubmitted — and some changing of partners is going on.

The stage for NY4 was set back in November 2023 when the New York State Public Service Commission denied petitions submitted by offshore wind developers that sought to address...

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