Biden Admin Throws Lifeline To Drowning Offshore Wind Industry Harold Hutchison on November 17, 2023 The Biden administration announced Friday it’s proposing extending a tax credit to boost offshore wind …
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By Xie Yu HONG KONG (Reuters) – China’s embattled Country Garden is aiming to pull together a tentative plan to restructure its offshore debt by the end of this year, …
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New York May Have To Rescue Biden’s Climate Goals As Offshore Wind Flounders Nick Pope on November 4, 2023 New York and other Northeastern states may have to pick up New …
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Leading Offshore Wind Developer Pulls Plug On Two Projects Nick Pope on October 31, 2023 A major offshore wind developer announced that it is cancelling two major developments on Tuesday …
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By Scott DiSavino (Reuters) – Danish energy firm Orsted’s shock decision to cancel two offshore wind farms off New Jersey this week was based in large part on big delays …
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TOMS RIVER, NJ — Danish energy company Orsted will discontinue development of two major offshore wind projects, Ocean Wind 1 and 2, near New Jersey, the firm confirmed this week. …
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A significant shift occurred in the energy sector as Ørsted, a Danish energy company, terminated its Ocean Wind I and II projects off the New Jersey coast. Governor Murphy has …
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BEDMINSTER, NJ – Former U.S. President Donald J. Trump celebrated the cancellation of New Jersey’s Ocean Wind 1 and 2 offshore wind energy projects. The deal, touted by President Joe …
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Sen. Declan O’Scanlon, Asw. Victoria Flynn and Asm. Gerry Scharfenberger released a statement regarding news that the offshore wind energy dealings between Ørsted and New Jersey are seemingly collapsing.
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In response to Ørsted’s announcement that it is withdrawing from New Jersey’s offshore wind project, Senator Michael Testa issued the following statement.
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Sen. Anthony M. Bucco issued the following statement in response to Orsted announcing that they are withdrawing from New Jersey’s offshore wind project.
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TRENTON, NJ – Following recent news about the faltering offshore wind energy agreements between Ørsted and New Jersey, Senator Declan O’Scanlon, Assemblywoman Victoria Flynn, and Assemblyman Gerry Scharfenberger, all of …
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TRENTON, NJ – New Jersey Governor Phil Murphy was dealt a stunning blow today as 0rsted, the company that planned to build two massive wind farms off the Jersey Shore, …
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By Xie Yu and Julie Zhu HONG KONG (Reuters) – China Evergrande has proposed a new debt restructuring plan for offshore bondholders, offering to swap their debts into about a …
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WASHINGTON, D.C. – A bailout package for the beleaguered offshore wind industry may be on the horizon, according to energy industry and policy experts. Despite the Biden administration’s subsidies, high …
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‘On Life Support’: A Bailout For Offshore Wind May Be Right Around The Corner, Experts Say Nick Pope on October 26, 2023 The federal government may be poised to bail …
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GALLOWAY, NJ — A recent Stockton University Poll reveals that support for constructing offshore wind turbines has significantly declined over the past four years, particularly among residents of New Jersey’s …
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NEW YORK — Governor Kathy Hochul vetoed a bill on Friday that would have supported offshore wind energy developments in New York. Originally approved during a Special Session in June …
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By Scott Murdoch and Anousha Sakoui SYDNEY/LONDON (Reuters) – A major group of Country Garden offshore bondholders has appointed PJT Partners as financial advisors to lead discussions with the troubled …
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Biden Admin Has Issued Lowest Amount Of Offshore Oil Permits In Almost 20 Years Nick Pope on October 10, 2023 The Biden administration has approved a record low number of …
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LACEY TOWNSHIP, NJ – New Jersey’s inaugural offshore wind farm began its onshore construction phase in Lacey Township on Oct. 2. The work is scheduled to extend into Island Beach …
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By Scott Murdoch and Clare Jim SYDNEY (Reuters) – China Evergrande Group’s offshore bondholder group said on Monday it was surprised by the property developer’s recent announcement that its offshore …
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POINT PLEASANT BEACH, NJ – Rep. Chris Smith (R-Manchester) voiced his concerns about the offshore wind industrialization initiatives by President Biden and Governor Murphy during a rally at Point Pleasant …
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(Reuters) – Three U.S. states in New England – Massachusetts, Rhode Island and Connecticut – on Wednesday agreed to jointly procure offshore wind power as soaring interest rates and rising …
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BRASILIA (Reuters) – The Brazilian government wants Congress to pass a bill this week that would tax offshore and closed-end funds, and change an instrument companies use for shareholder payments, …