Offshore Wind

Dominion Energy has sold a 50% noncontrolling interest in its 2.6-GW Coastal Coastal Virginia Offshore Wind (CVOW) commercial project to infrastructure investment group Stonepeak. The Richmond, Virginia–headquartered utility in an Oct. 25 financial filing said it received proceeds of $2.6 billion for the sale. The amount represents “reimbursement of approximately 50% of project-to-date capital investment.” […]

Chinese state-owned manufacturer Dongfang Electric announced the company has completed production of a 26-MW offshore wind turbine, continuing a trend of ever-more-powerful turbines from that country. The turbine’s nacelle, shown dwarfing company workers in a photo posted to social media on October 12, now ranks as the world’s largest. Dongfang said it has been designed […]

President Biden signed the Inflation Reduction Act (IRA) into law in 2022. The IRA is the largest public investments in renewable energy in American history and created more than 20 different tax incentives for renewable energy and related manufacturing. Certain Republic politicians have directed vitriol at the IRA. However, even if Republicans win the White […]

German multinational energy company RWE is joining with France’s TotalEnergies to jointly develop two large-scale offshore wind projects off the German coast. The companies on October 7 announced that TotalEnergies is acquiring a 50% equity stake in the two projects from RWE, which was awarded the sites in Germany’s latest offshore wind auction in August […]

Europe is pursuing an ambitious energy transition to become the world’s first climate-neutral continent by 2050. To reach this goal, the region has set stringent targets to decrease reliance on Russian fossil fuels and increase the adoption of renewable energy across the power and transportation sectors. Significant strides are being made in developing solar and […]

Following more than three years of planning and analysis, California has established an offshore wind goal of 7,600 MW, with procurements starting as early as 2027. Through its central procurement efforts, California intends to bring about a “market transformation” to help reduce the costs of particular technologies, like offshore wind, allowing them to be developed […]

Installations of renewable energy projects hit 19 GW of generation capacity through the first half of 2024, more than double the five-year average for that time period, according to a report from the American Clean Power Association (ACP). The ACP on September 5 released its “Clean Power Quarterly Market Report | Q2 2024,” and said […]

POWER is proud to partner with RE+ as we provide information and insight for attendees of the largest renewable energy event in North America. RE+ celebrates its 20th anniversary this year, with the conference making its return to Anaheim, California. The 2024 event, running September 9 through 12, is building on its past success as […]

South Fork Wind, the first commercial-scale offshore wind project to come online in the U.S., and New York’s first offshore wind farm, marks a milestone for the industry’s future in America. The U.S

Every year, I look forward to attending several power industry events. Among my favorites is the big event POWER hosts, known as Experience POWER Week. The conference will be held this year at the Renaissance