Located 20 nautical miles (37 kilometers) from the coast, the lease covers a 120 square nautical miles area (222 square kilometers) that will generate a capacity of more than 1…
(Reuters) – Oil major BP has submitted bids to develop two offshore wind power leases in the Netherlands, it said on Thursday, as the company increases its focus on renewable…
By Nora Buli OSLO – Norway unveiled plans on Wednesday for a major expansion in offshore wind energy by 2040, aiming to turn a country that has built its wealth…
As Right Whales Face Extinction, Wind Power Gives Millions to Environmental Groups from Maryland to Massachusetts NANTUCKET, Mass., April 27, 2022 — From Maryland to Massachusetts, Wind Power corporations (most…
The proposed submarine cable manufacturing facility will have a footprint of approximately 30 acres, along with dock access. Upon approval of the Outerbridge Renewable Connector project, pending before the BPU,…
HONG KONG – China’s Zhenro Properties said it has missed interest payments on two offshore bonds and expects four more defaults in the coming months due to the lockdown in…
SAO PAULO – Brazil’s Petrobras said on Thursday that a Rio de Janeiro state court has ruled against the state-run oil company in a case brought up by drilling contractor…
Biden Admin Appears To Quietly Discontinue Offshore Leasing For Nearly Two Years, Budget Shows Thomas Catenacci on March 30, 2022 President Joe Biden’s budget framework released Monday appeared to suggest…
By Valerie Volcovici WASHINGTON -The Biden administration on Friday announced it will hold a wind energy auction for two areas off the coast of North and South Carolina in May…
NJ-Based Company’s Proposals are at least $1 Billion Less Than Competitors Superior Technology, Planning Will Strengthen NJ’s Aging Electrical Grid Significant Benefits for State Economy, Local Labor and Local Communities…
Biden Administration’s Offshore Oil Leasing Policy Will Crush American Energy Security, Experts Say Thomas Catenacci on March 18, 2022 The Biden administration’s policy on offshore oil and gas drilling leasing…
By Selena Li and Samuel Shen HONG KONG – Chinese authorities will address the concerns of international investors when finalising new rules for offshore listings, two sources quoted a senior…
TOKYO – Japan’s Mitsubishi Corp is confident that the three offshore wind farms it won last year in auctions will be profitable despite the low feed-in tariff prices it bid,…
By Oliver Hirt and Brenna Hughes Neghaiwi ZURICH – Switzerland’s secretive banks hold up to $213 billion of Russian wealth, the country’s financial industry association estimates, as sanctions on Russia…
By Selena Li and Samuel Shen HONG KONG – Capital-hungry smaller Chinese startups are vying for speedy offshore listings by merging with blank-check firms at a time when Beijing’s tighter…
“Our success with National Grid in the recent auction signals the start of our commitment to building a network of trust in the local communities,” said Sam Eaton, RWE Executive…
– Two European energy companies on Thursday said they reached a deal with New York City to transform a Brooklyn port complex into an operations and staging hub for offshore…
– Australian financial conglomerate Macquarie Group’s green investment unit said on Thursday it would launch an offshore wind energy business, with operations set to start in April. The new business,…
SHANGHAI – Standard Chartered Bank (Hong Kong) Ltd said on Monday that it has become the first foreign bank qualified as a direct participant in China’s Cross-border Interbank Payment System…
Jonathan Lesser on February 3, 2022 Last March, President Joe Biden announced a goal of building 30,000 megawatts (MW) of offshore wind generation by 2030. Doing so will “strengthen the…
– Spanish energy company Repsol SA said on Wednesday it rules out a new offshore oil spill in Peru, after the Peruvian environmental regulatory agency said it was investigating if…
The Biden administration laid out an ambitious plan Wednesday for government-funded wind farms along the east coast, which it said would sustain millions of Americans’ energy needs. Multiple federal agencies…