Offshore Wind
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Offshore Wind
South Korea Has Plan for $43 Billion Offshore Wind Farm
The South Korean government has announced a major part of the country’s effort to reduce reliance on fossil fuels. President Moon Jae-in on Feb. 5 attended a ceremony in which contracts were signed for a 48.5 trillion won ($43.2 billion) plan to build the world’s largest offshore wind farm by 2030, an installation that would […]
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News
BOEM, Bolstered by Biden Offshore Wind Agenda, Resumes Vineyard Wind Review
The Bureau of Ocean Energy Management (BOEM) will resume an environmental review for the 800-MW Vineyard Wind project offshore Massachusetts as part of a larger push by the Department of Interior (DOI), its parent agency, to accelerate development of renewables on public lands and waters. BOEM, an agency that manages U.S. offshore energy and mineral […]
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Offshore Wind
Ørsted Launches Pioneering Offshore Wind–to-Hydrogen Project
Danish renewable energy giant Ørsted issued a final investment decision on the H2RES renewable hydrogen demonstration project, a pivotal power-to-mobility project that will use 2 MW of offshore wind–fed electrolyzing capacity to produce around 1,000 kilograms (kg) of green hydrogen daily. The decision on Jan. 20 is a major boost for the H2RES project, which […]
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Renewables
Total Grabs U.S. Solar and Storage, Joins Bid for Offshore Wind
French energy major Total has signed an agreement to develop 12 utility-scale solar and energy storage projects in the U.S., announcing the deal Jan. 14, the same day the company said it has joined with Spain’s Iberdrola in a bid for one of the world’s largest offshore wind projects. The moves continue Total’s diversification from […]
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News
Natural Gas Power Reliance Factors Heavily in Massachusetts Net-Zero Actions
Lawmakers in Massachusetts have passed a bill that eyes net-zero greenhouse gas (GHG) emissions statewide by 2050, setting interim GHG reduction targets to achieve reductions of least 85% below 1990 levels within the next 30 years. On Jan. 4, both chambers of legislature passed S.2995, “An Act Creating a Next-Generation Roadmap for Massachusetts Climate Policy,” […]
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Renewables
Wind and Solar Tax Credits Extended
Congress agreed on legislation that would extend the investment tax credit (ITC) for solar projects for two years and the production tax credit (PTC) for wind projects for one year. The full legislative package combines a $900 billion COVID-19 relief package and an omnibus spending bill for 2021 with tax extenders and energy policy changes. […]
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Wind
POWER Offshore Wind Notebook: GE Boosts Haliade-X to 14 MW; Dominion Kicks Off 2.6-GW Virginia Project; Vestas Absorbs MHI Vestas
The past week has marked several significant developments in the offshore wind segment. GE Renewable Energy snagged a key agreement for the third 1.2-GW phase of the 3.6-GW Dogger Bank wind farm in the UK, saying the project will use an “upscaled” 14-MW version of its Haliade-X wind turbine. In a potential win for Siemens […]