Focus on Ocean Wind
Ocean Wind was a proposed utility-scale 2,248 MW offshore wind farm to be located on the Outer Continental Shelf approximately 24 km (15 miles) off the coast of Atlantic City, New Jersey. It was being developed by Ørsted US Offshore Wind in conjunction with PSE&G. Construction in two phases (of 1,100 MW and 1,148 MW) and commissioning were planned for the mid-2020s. Ocran Wind 1 received federal approval for construction and operations on July 5, 2023, the third large-scale project to do so. However, Ørsted canceled both projects on October 31, 2023, due to poor financial outlook caused by inflation and supply chain disruptions, including unavailability of a wind turbine installation vessel.
Lawsuits buffet US offshore wind projects, seeking to end or delay them
Opponents of offshore wind around the U.S. are pelting projects with lawsuits seeking to cancel them or tie them up for years in...
Orsted books new losses, flags delay at US offshore wind project
Orsted halted its FlagshipOne green e-methanol project, citing slower market development, impacting shares significantly.
Interim report for the first half year of 2024 – increased earnings from offshore sites, progress on our business plan, and commissioning of around 2 GW renewable capacity
Today, Ørsted’s Board of Directors approved the interim report for the first half year of 2024. Mads Nipper, Group President and CEO of...
Big turnout expected in New England offshore wind power auction
Several offshore wind developers are on track to bid in the combined Connecticut-Massachusetts-Rhode Island offshore wind solicitation on Wednesday, including units of European...
Ørsted Ceases Development of Ocean Wind 1 and Ocean Wind 2 and Takes Final Investment Decision on Revolution Wind
South Fork Wind Offshore Construction Continues, with Turbine Component Loadout Underway Oct 31 2023 07:28PM BOSTON – October 31, 2023 – Following a decision...
