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...Stoltenberg has pitched the proposal as a means “to shield the mechanism against the winds of political change”, according to people briefed on his remarks....
...In 2023, the EU produced more electricity from wind power than gas for the first time....
...More than half of US offshore wind contracts have been cancelled this year or are at risk of cancellation, according to consultancy BloombergNEF, which says the US 2030 offshore wind targets are “impossible...
...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...
...Thanks for reading, Amanda Clouds are clearing for US offshore wind The skies are looking brighter for US offshore wind....
...But the wind is changing....
...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...
...Ørsted is trying to restore confidence after shares tumbled last year as it abandoned two US offshore wind projects due to rising costs and recorded higher than expected impairments....
...Citigroup has decided to wind down its operations in US municipal bonds, a $4tn market used by state and local governments to raise money for public works and finance their debts....
...The two Europe-based energy majors on Wednesday said authorities in the US state had allowed them to “reset” a 2022 arrangement to deliver power from their unbuilt 1.26-gigawatt Empire Wind 2 project “in...
...Apple and Goldman launched the credit card for US consumers in August 2019, promising a “new level of privacy and security” that would differentiate it from others on the market....
...We are not looking to develop a new wind farm in the next round here in Taiwan. It was very important for us to diversify our portfolio from a regional perspective....
...Given its £971mn market value, it is not clear what US index it would get into....
...The chief executive of Ørsted has vowed to “fight with everything I’ve got” to restore investor confidence in the world’s largest offshore wind developer after its decision to walk away from two key US projects...
...It comes despite rising costs this year creating huge challenges for offshore wind developers, with rival Vattenfall halting a 1.4GW project in Britain and Ørsted pulling out of projects in the US....
...In January 2023, for instance, Anglo-US start-up ZeroAvia conducted a successful test flight of a hydrogen fuel cell-powered aircraft....
...A Cleveland-Cliffs/US Steel combination would have created a US national champion....
...Apple’s decision to wind up its car project comes as it prepares to announce more details of its work in the fast-growing generative AI sector....
...Her comments came as Ørsted, the world’s largest offshore wind developer, announced it had abandoned two key US projects....
...Despite all of the noise from the media, he is for us — like he works for us — he cares about our country,” West said....
...More than 3GW worth of US offshore wind projects cancelled their offtake agreements last year, reckons BloombergNEF. Deals were typically struck before the Ukraine war, or not long after....
...Ørsted, the world’s largest offshore wind developer, has walked away from two projects in the US and others are trying to negotiate sales....
...The former is a near-term likelihood in China, however, and not implausible in the US as the Federal Reserve winds down quantitative tightening....
...Wind back three months from the date it was granted and Uber’s market cap was hovering around $97bn....
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