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...In the US, Galán said that while the federal government had a big say over offshore wind, its Vineyard Wind project off the Massachusetts coast, the US’s first large-scale offshore wind farm, would be completed...
...Supply chain constraints threaten the UK’s goals for renewable energy, a report commissioned by the government has warned....
...“States are signalling clearly that they value the local jobs, supply chain investments, and large-scale clean energy generation that offshore wind offers,” said Ørsted and Eversource in a statement....
...The Climate Change Committee, the government’s independent climate adviser, has described offshore wind overall as the “backbone” of the future energy system....
...Adam Berman, deputy director at trade group Energy UK, echoed the concerns....
...As Taiwan's offshore wind industry progresses industrial users of energy are starting to play a greater role....
...The US oil and gas industry is suing the Biden administration over its decision to severely restrict offshore drilling amid a growing industry backlash against its climate and energy policies....
...Governments have also increased the prices they are willing to pay for offshore wind, including in the UK where Ørsted last year decided to press ahead with one of its largest offshore wind projects, Hornsea...
...Offshore wind developers like strong gusts....
...And increasingly, the distance that green energy needs to travel is getting longer....
...Officials are concerned that any threats could leave a region already vulnerable to energy supply shocks more exposed, particularly as governments push to expand offshore wind farms in the North and Baltic...
...BP and Equinor reached a deal to scrap a contract to sell energy from a planned offshore wind power project to the state of New York, the latest such venture to be knocked off course by worsening industry...
...The Aberdeen & Grampian Chamber of Commerce and industry body Offshore Energies UK warned it would deepen job losses in the sector....
...The UK energy company’s new Octopus Energy Offshore Wind fund is opening with a £190mn cornerstone investment from Tokyo Gas, the Japanese utility that owns almost 10 per cent of Octopus, while Octopus is...
...Among the largest approved projects include Abu Dhabi National Oil Company’s Hail and Ghasha gasfield and ExxonMobil’s Yellowtail offshore development in Guyana....
...Even Denmark’s Ørsted — the world’s largest developer of offshore wind power and a beacon for renewable energy — recently said it was struggling to deliver new offshore wind projects profitably in the UK...
...RENEWABLE ENERGY Outlook brightens for offshore wind From recent headlines, it would be easy to assume that the offshore wind sector is set for another very ugly year....
...Costs of offshore wind power shot up last year amid supply chain strains and high interest rates....
...“The fuel of renewable energy is capital,” Nipper said. “Financing £8.5bn — 25 basis points matter and 100 matter a whole lot more....
...energy system,” she added....
...Richard Voorberg, chief executive of Siemens Energy North America, made similar comments this week, saying the administration’s 2030 offshore wind target was now a “tall order”....
...Ørsted is to press ahead with developing the world’s largest offshore wind farm in the North Sea after the UK increased financial support for the sector in a big boost for the Danish group after a string...
...Claire Coutinho, the energy secretary, said ministers recognised that “global challenges” had affected offshore wind and the new auction terms would help develop “homegrown clean energy”....
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