Latest News for: Offshore electricity

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Massachusetts adopts 5.6-GW offshore wind goal with new law

Renewables Now 12 Aug 2022
Overall, the new law envisages measures in the offshore wind segment and improvements to the electricity networks, while it will put a ban on selling new gas- or diesel-powered vehicles after 2035 and provide incentives for electric> vehicles.
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Massachusetts’ Republican governor signs far-reaching climate bill into law

Grist 12 Aug 2022
As the law’s name suggests, “An Act Driving Clean Energy and Offshore Wind” includes significant provisions to boost the development of offshore wind, such as granting access to state funds. The law requires that the state’s electric utilities procure 5,600 megawatts of new offshore wind capacity by 2027, up from a former goal of 4,000 megawatts.
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Albany residents offered training for offshore wind jobs

The Daily Gazette 12 Aug 2022
Offshore wind power developers donated $300,000 to support training for the new industry ... Sunrise is one of the first major offshore wind power projects in the United States, and one of the largest ... Offshore wind is part of New York State’s plan to reach a zero-emissions electric grid by 2040.
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Northland Power upgrades full-year EBITDA forecast after robust Q2

Renewables Now 12 Aug 2022
... power prices in Europe remain high through the rest of the year, mostly referring to the output of its offshore wind farms ... At 103 GWh, electricity production from offshore wind farms rose by 15% on the year due to the higher wind resource and fewer unpaid curtailments in Germany.
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Inflation Reduction Act promises to keep oil royalty income for Louisiana, but also will hike prices

Longview News-Journal 12 Aug 2022
The potential to end offshore drilling is consistent with President Biden’s campaign promises and the delay in renewing the five-year plan means no new leases would be possible without congressional action until it’s finalized, said Gifford Briggs, Gulf Coast region director for the American Petroleum Institute.
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Multinational companies to expand GCC footprint

Financial Express 12 Aug 2022
By Ayushman Baruah ... GCCs, also known as global in-house centres or captives, emerged in the early 1990s as offshore units of large multinationals such as General Electric, Texas Instruments, Citigroup and American Express to perform designated technology operations ... Reliance Jio independence day plan ... India at 75 ... WhatsApp Raksha Bandhan stickers ... .
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California Adopts Target for 25 GW from Offshore Wind Farms

The Maritime Executive 11 Aug 2022
The Biden Administration is targeting the first auctions before the end of 2022 for lease areas that could provide an initial 4.5 gigawatts of electricity generated by offshore wind farms ... offshore wind energy facilities and associated electricity and transmission infrastructure.
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California sets big targets for offshore wind

Reuters 11 Aug 2022
In a statement, the CEC said offshore wind would help the state meet its goal of decarbonizing the electricity sector by 2045 because it can produce power after the sun goes down ... The CEC had been directed by a state law passed last year to quantify the maximum amount of offshore wind that would be achievable by 2030 and 2045.
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Scotland is Installing Offshore Wind to Power Offshore Oil Platforms

The Maritime Executive 11 Aug 2022
Scotland has opened a brand new kind of offshore wind lease round aimed specifically at providing clean power to offshore oil and gas platforms ... The INTOG wind auction solicits proposals from offshore wind developers for projects that provide electrical power for platforms or for other innovative purposes.
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ScottishPower starts work on East Anglia THREE wind farm

FX Empire 11 Aug 2022
East Anglia THREE, off the Suffolk coast in England, will have a capacity of 1.4 gigawatts of renewable electricity and help towards a government target of having 50 GW of offshore wind installed by 2030.
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Baker signs landmark climate bill, furthering 2050 net zero carbon goals

Boston Herald 11 Aug 2022
Called “An Act driving clean energy and offshore wind,” the new law will change the way the state connects to its growing offshore energy industry, mandate all cars sold by 2035 are electric, and accelerate the transition to renewable energy sources, all in an effort to help the state reach it’s goal of being a net zero carbon emitter by 2050.
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Icebreaker Wind project in Lake Erie can move forward, Ohio Supreme Court rules: Capitol Letter

Cleveland 11 Aug 2022
The company developing Icebreaker Wind says it can now find more customers for the electricity and eventually start construction of what will be the first freshwater, offshore wind project in North America, Laura Hancock reports.
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California adopts nation’s most ambitious offshore wind targets

The Hill 10 Aug 2022
The California Energy Commission voted on Wednesday to adopt the country’s most ambitious offshore wind development targets — the latest move in a statewide drive to accelerate the clean electricity transition ... of its total electricity needs with offshore wind by mid-century.
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Offshore Wind Power Market: 53% of Growth to Originate from Europe, Monopile Segment to be ...

Longview News-Journal 10 Aug 2022
9, 2022 /PRNewswire/ -- The offshore wind power market size is set to grow by USD 20.06 billion from 2019 to 2024 ... Major DriverThe key factor driving growth in the offshore wind power market is the rise in global energy demand.�This growth in electricity demand is being propelled by emerging economies such as India and China.

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