Offshore Wind

The Biden administration has unveiled several sweeping actions over the past month aimed at boosting clean energy deployment, enhancing manufacturing jobs, and reducing pollutant emissions across the power sector. The measures—many announced as part of a comprehensive Earth Week agenda on April 25—are notable for their strategic push in an election year, highlighting the administration’s […]

In a time where capacity revenues are pricing lower and many generation owners find that their facilities are not being dispatched for energy on a consistent basis, reliable revenue streams are increasingly important. In addition to selling energy and capacity, many generation facilities collect fixed, monthly payments for the provision of “reactive power,” which are […]

A report from a leading wind power trade association said a record 117 GW of new wind energy generation capacity was installed worldwide last year, a 50% increase from the prior year. The “Global Wind Report 2024,” published April 16 by the Global Wind Energy Council (GWEC), said “the world is moving in the right […]

Chinese wind turbine makers continue to pace the global market, taking four of the top five spots in a ranking of the world’s top manufacturers of both onshore and offshore wind power equipment. Research from BloombergNEF (BNEF) published March 27 showed global wind power generation capacity additions hit a record 118 GW in 2023. BNEF’s […]

The U.S. Bureau of Ocean Energy Management (BOEM) has completed its designation of an offshore wind energy area in the Gulf of Maine. The BOEM, in a notice published in the Federal Register on March 18, said two million acres has been earmarked for development in that region. The BOEM in its announcement said the […]

As the world intensifies its efforts to combat climate change, Ireland has set ambitious goals to produce offshore renewable energy as part of its Climate Action Plan. A member of the European Union (EU)

New York officials put forth conditional contracts to buy electricity from two proposed offshore wind farms, announcing the awards Feb. 29 for installations that would be the largest power generation projects built in the state in decades. The solicitation by the New York State Energy Research and Development Authority (NYSERDA), which allowed developers to exit […]

Installations of new solar power generation capacity this year are expected to nearly double the amount that was built in 2023, according to the U.S. Energy Information Administration (EIA). The agency is its latest “Preliminary Monthly Electric Generator Inventory” report said developers expect to add 36.4 GW of new solar capacity in 2024. That compares […]

A major offshore wind farm near Scotland set to come online later this year has a power purchase agreement (PPA) with Amazon, the technology company that continues as the largest purchaser of renewable energy worldwide. Amazon on Jan. 30 announced the corporate PPA with ENGIE, the French multinational utility, to take more power from Ocean […]

Climate change has led many states and countries to set targets for reducing greenhouse gas (GHG) emissions from power systems. Oregon, for example, has set targets for all power sold to retail customers in the state to have GHG emissions cut by 80% by 2030, 90% by 2035, and 100% by 2040. It’s a challenging […]