Orsted
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The New Jersey Legislature appears to be backing bills that would allow offshore wind developer Ørsted to directly received federal tax credits for its Ocean Wind 1 project.
South Fork Wind
New York announced that the first monopile foundation has been installed for South Fork Wind, a 132 MW project being developed by Ørsted and Eversource off the eastern tip of Long Island.
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Public financial support for New Jersey’s offshore wind projects has come under scrutiny as Ørsted seeks to obtain access to federal tax credits.
Shutterstock
New Jersey’s Board of Public Utilities pulled an agenda item modifying the state’s offshore transmission project after a Division of Rate Counsel complaint.
BOEM
Eversource began its anticipated departure from the offshore wind sector, announcing it would sell its interest in an uncontracted New England lease to Ørsted.
Bladt Industries
1,500- and 3,200-ton substations for offshore wind projects are being sailed from Texas and Denmark, respectively, for the New England coast.
BOEM
BOEM concluded that Ocean Wind 1 combined with other projects will have a “major” impact on scenic and visual factors and on scientific research.
Revolution Wind
Eversource expects to reach a deal this quarter to sell off its offshore wind interests, CEO Joe Nolan said during the company's earnings call.
Revolution Wind
Ørsted, the largest OSW developer in the world, reported that earnings from its offshore wind business hit an all-time high in the first quarter of 2023.
NJBPU / Ørsted
Cape May County has appealed a BPU decision to grant Ørsted an easement to run transmission from the state’s first OSW project to an onshore substation.
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