Monday, October 14, 2024

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Joe Ryan

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ENERGY MANAGEMENT INC. has notified the U.S. Bureau of Ocean Energy Management that it has terminated the offshore wind development lease it received in 2010, ending the Boston-based developer's efforts to build Cape Wind, what was once expected to become the first offshore wind farm in the U.S. / BLOOMBERG FILE PHOTO/CHRIS RATCLIFFE

What was once hailed as first U.S. offshore wind farm is...

NEW YORK – Cape Wind, the offshore wind project off the coast of Massachusetts that drew the ire of the Kennedy and Koch families, is officially...
THE PRICE OF offshore wind energy fell 22 percent last year, according to Bloomberg News. / COURTESY BLOOMBERG NEWS

Dream of offshore U.S. wind power may be just too ugly...

NEW YORK - Offshore wind companies have spent years struggling to convince skeptics that the future of U.S. energy should include giant windmills at...
THE FIRST U.S. wind firm off the shore of Block Island being built by Deepwater Wind LLC is scheduled to begin commercial operations in November. / BLOOMBERG NEWS

GE, Citigroup provide financing for first U.S. offshore wind

NEW YORK - A General Electric Co. unit and Citigroup Inc. provided tax equity financing to the U.S.’s first offshore wind farm, a 30-megawatt...
THE GE-Alstom Block Island Wind Farm stands in the water off Block Island on Sept. 14.  / BLOOMBERG NEWS PHOTO/ERIC THAYER

A mighty wind tries to lift rig builders past oil’s downturn

NEW YORK - Gulf Island Fabrication Inc. has for decades built hulking platforms to extract oil and natural gas from the seabed. With the...
WORK IS NEARLY complete on the first U.S. wind firm off the shore of Block Island by Deepwater Wind LLC. / BLOOMBERG NEWS

Deepwater nearing completion on first U.S. offshore wind project

NEW SHOREHAM - Deepwater Wind LLC is on the verge of completing the first U.S. wind farm off the coast of the U.S., a...
A MAN walks on rocks as the Deepwater Wind LLC offshore wind farm stands under construction off the coast of Block Island, Rhode Island, on July 27, 2015. Deepwater also is proposing to build a 90-megawatt wind farm off the coast of Long Island. / BLOOMBERG NEWS FILE PHOTO/SHIHO FUKADA

Environmental groups urge vote on delayed New York Deepwater Wind offshore...

NEW YORK - A coalition of environmental groups is urging New York officials to move forward with delayed plans to approve a 90-megawatt wind...
PEOPLE LOOK out at a Deepwater Wind LLC offshore wind farm under construction off the coast of Block Island in July 2015. / BLOOMBERG NEWS FILE/SHIHO FUKADA

Offshore wind boom in U.S. hangs on one state’s utility mandate

NEW YORK - Lawmakers in Massachusetts are drafting a bill that would jump-start the offshore wind industry in the U.S., helping trigger a $10...

New York offshore wind site’s capacity may rival nuclear plant

NEW YORK - An area off the coast of New York designated for offshore wind farms has the potential to generate almost as much...
A MAN walks on rocks as a Deepwater Wind LLC offshore wind farm stands under construction off the coast of Block Island on July 27. / BLOOMBERG NEWS FILE PHOTO/SHIHO FUKADA

U.S. offshore wind cost may drop 55% as builders gain experience

NEW YORK - The cost of building wind farms off the U.S. coast may decline as much as 55 percent within 13 years, letting...

Offshore wind developers must think big in U.S., Dong says

NEW YORK - Offshore wind companies need to install 500 megawatts annually for the next 15 years for the technology to make economic sense...
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