With President Trump's executive actions, some wind projects off the Massachusetts coast, such as the SouthCoast wind project, could be dead in the water.
Offshore wind is a major part of transitioning to an electric grid powered entirely by sources that don’t emit carbon dioxide when generating electricity. The power sector is responsible for nearly a third of the nation's planet-warming greenhouse gas ...
many times” more expensive than natural gas. Offshore wind is among the sources of new power generation that will cost the most, at about $100 per megawatt hour for new projects connecting to the grid in 2028, according to estimates from the Energy ...
U.S. officials are looking at the national security implications of the Chinese artificial intelligence app DeepSeek, White House press secretary Karoline Leavitt said on Tuesday.
Despite the success with traditional fossil fuel generation sales, the company’s offshore ... wind turbines in Schenectady, where GE Vernova also makes gas-powered turbines used in power ...
The power sector is responsible for nearly a third of the nation’s planet-warming greenhouse gas emissions. On the campaign trail, Trump vowed to end the offshore wind industry as soon as he ...
GE Vernova raked in $10.6 billion in revenue during the last three months of 2024, up 5% from 2023, the company announced Wednesday. Net income, or profit, during the quarter was $484 million, up $279 million from the same three-month period in 2023.
Inch Cape offshore wind farm, a joint venture between ESB and Red Rock Renewables, has reached financial close by securing £3.5bn ($4.3bn).
China raced ahead building renewable energy last year, installing more wind and solar power than ever before and continuing to leave all other countries in the dust.
2025 is shaping up to be an exciting year for the offshore wind sector after the twists and turns of 2024, when record-breaking successes and sharp setbacks often came in quick succession.
Offshore wind is set to double in 2026 and will remain stable this year, a new report by business analysts Wood Mackenzie predicts.
Directive targeting offshore wind energy sector with curbs on federal site leasing and permits could itself face legal risk with unclear and conflicting provisions set to trigger lawsuits.