offshore wind

Hydrogen Expected to Drive Offshore Wind Industry in Latin America

Hydrogen Expected to Drive Offshore Wind Industry in Latin America

Latin America doesn’t have any offshore wind today, but that could change soon as the region tries to build out a hydrogen industry. Off-grid green hydrogen projects should spur Latin America to a sharp increase in offshore wind projects, with capacity reaching 34 GW by 2050, according to analysis from Wood Mackenzie. Offshore wind activity…

October 18, 2022
BP’s Takeover of EDF Energy Services to Expand U.S. Natural Gas, Power Business

BP’s Takeover of EDF Energy Services to Expand U.S. Natural Gas, Power Business

BP plc, the top North American natural gas marketer, is building its estimable U.S. commercial and industrial retail power and gas arm with the purchase of Houston-based EDF Energy Services (ES). The agreement would provide “opportunities…to enhance and deliver additional lower carbon integrated energy solutions,” according to BP. The purchase of ES also is likely…

September 14, 2022
California Adopts Offshore Wind Target and Calls for ‘Significant’ Grid Investments

California Adopts Offshore Wind Target and Calls for ‘Significant’ Grid Investments

Following Gov. Gavin Newsom’s request to the California Energy Commission (CEC) to shoot for more “ambitious” climate goals, the regulator last week adopted a planning goal to develop 25 GW of offshore wind by 2045.  In its latest report, Offshore Wind Energy Development off the California Coast, CEC said that the “preliminary planning goals are…

August 19, 2022
Funding California’s $308B Budget in Question As Newsom Ramps Up Climate Goals

Funding California’s $308B Budget in Question As Newsom Ramps Up Climate Goals

California Gov. Gavin Newsom last week turned up the heat on climate change initiatives with a letter to the California Air Resources Board (CARB) in which he stressed state agencies to prepare for an energy transition that involves no new natural gas plants.  “The state’s draft carbon neutrality road map doesn’t go far enough or…

August 3, 2022
California Pushing Forward with Humboldt Bay Wind Energy Development

California Pushing Forward with Humboldt Bay Wind Energy Development

The California Energy Commission (CEC) has approved a $10.5 million grant to transform the Port of Humboldt Bay into an offshore wind terminal that could support the development of 1.6 GW of wind energy. The Humboldt Bay Offshore Wind Heavy Lift Marine Terminal, once complete, will manage heavy cargo vessels, offshore wind floating platform development,…

March 21, 2022
BP, Equinor Upgrading New York Terminal to Offshore Wind Hub

BP, Equinor Upgrading New York Terminal to Offshore Wind Hub

Supermajors BP plc and Equinor ASA plan to invest $200-250 million to redevelop the South Brooklyn Marine Terminal (SBMT) in New York City as the site of a major regional offshore wind hub.  BP and Equinor would upgrade the 73-acre facility’s infrastructure to develop a wind turbine generator staging and assembly area. The companies also…

March 15, 2022
Biden Administration Aiming for Coast-to-Coast Offshore Wind Sales by 2025

Biden Administration Aiming for Coast-to-Coast Offshore Wind Sales by 2025

The United States is looking to hold up to seven lease sales by 2025 to expand offshore wind energy capacity from coast to coast. The Biden administration has set a goal to expand U.S. offshore wind capacity to 30,000 MW by 2030, which could power more than 10 million homes. The United States now has…

October 14, 2021