Search results for: revolution wind

1125 results

A list of search results

  • 24 January 2024
    Contracts & Tenders, Fixed-Bottom, Project Updates, Supply Chain, Wind Farm Update

    The Correll Group has secured a contract with Hellenic Cables for the termination and testing of inter-array cables on the wind turbine generators and offshore substation for the 704 MW Revolution Wind offshore wind farm in the US. The Revolution Wind offshore wind farm is being developed by a joint venture of Ørsted and Eversource. […]

  • 14 November 2023
    Environment, R&D

    Ørsted and Eversource, developers of Connecticut’s first offshore wind farm, Revolution Wind, and UConn Avery Point launched a collaborative, multi-year fisheries research programme to study further the relationship between offshore wind farms and marine life.  Ørsted and Eversource have awarded a USD 1.25 million (approximately EUR 1.15 million) grant to UConn Avery Point to fund the […]

  • 21 November 2023
    Authorities, Fixed-Bottom, Planning & Permitting, Project Updates, Wind Farm Update

    Revolution Wind, the first utility-scale offshore wind farm serving Rhode Island and Connecticut, has secured the final approval needed from the US Department of Interior’s Bureau of Ocean Energy Management (BOEM) to move the project toward the start of offshore construction. Revolution Wind, being developed by Ørsted and Eversource, has received approval of the project’s […]

  • 4 October 2023
    Authorities, Planning & Permitting, Project Updates, Wind Farm Update

    The US Environmental Protection Agency (EPA) approved the final Clean Air Outer Continental Shelf air quality permit for the construction and operation of the Revolution Wind offshore wind farm in Rhode Island. The permit regulates pollutants from Outer Continental Shelf (OCS) sources such as jack-up barges and emissions associated with air-emitting devices used during the […]

  • 14 February 2024
    Business & Finance, Business development, Fixed-Bottom, Project Updates, Wind Farm Update

    Eversource Energy has executed a definitive agreement to sell its 50 per cent stake in two US offshore wind projects, South Fork Wind and Revolution Wind, to Global Infrastructure Partners (GIP), nearing closer to its goal of exiting the offshore wind industry. The transaction allows Eversource to realise approximately USD 1.1 billion of cash proceeds […]

  • 1 November 2023
    Business & Finance, Fixed-Bottom, Project Updates, Wind Farm Update

    Danish renewable energy developer Ørsted has decided to cease the development of the Ocean Wind 1 and Ocean Wind 2 offshore wind projects in New Jersey. In addition, the company, together with Eversource, has taken a final investment decision (FID) on the 704 MW Revolution Wind, Rhode Island and Connecticut’s first utility-scale offshore wind farm. […]

  • 6 November 2023
    Business & Finance, Contracts & Tenders, Fixed-Bottom, Planning & Permitting, Project Updates, Supply Chain, Vessels, Wind Farm Update, Wind Turbines

    Several days ago, Ørsted called it quits on the Ocean Wind 1 offshore wind farm in the US, with some of the main issues leading to the decision to abandon the project being supply chain bottlenecks, primarily vessel shortages. This has affected not only the now-dropped Ocean Wind 1 but also the company’s Revolution Wind […]

  • 16 October 2023
    Business development, Research & Development

    Rhode Island Energy, the largest utility in Rhode Island, has issued a request for proposals (RfP) to secure an additional 1,200 MW of offshore wind to help power the state’s energy needs. According to the utility, the 1,200 MW RfP is the largest renewable energy solicitation ever sought for Rhode Island. Proposals can be submitted by the […]

  • 4 October 2023
    Authorities, Business development, Planning & Permitting, Research & Development

    Rhode Island Energy, the largest utility in Rhode Island, will be issuing a new Request for Proposals (RFP) to solicit approximately 1,200 MW of offshore wind, Governor Dan McKee unveiled on 28 September. Rhode Island Energy is expected to issue its RFP this month, with proposals being due in early 2024 and a potential selection being […]

  • 5 October 2023
    Authorities, Contracts & Tenders, Fixed-Bottom, Planning & Permitting

    The Connecticut Department of Energy and Environmental Protection (DEEP) is preparing an offshore wind request for proposals (RFP) for release in the coming weeks. DEEP published a draft offshore wind RFP in July and is now working on its final version which will, once issued, offer up to 1,196 MW of total offshore wind capacity. […]

  • 5 February 2024
    Business development, Collaboration, Industry, Innovation, Outlook & Strategy, Research & Development

    The Connecticut Wind Collaborative has been launched with the formation of an initial board of directors. The collaborative is part of the state’s offshore strategic roadmap, announced last October, which calls for the new nonprofit to work collaboratively with various parties and stakeholders to advance the regional supply chain, as well as in conjunction with […]

  • 1 November 2023
    Authorities, Business & Finance, Contracts & Tenders, Fixed-Bottom, Planning & Permitting

    The Connecticut Department of Energy and Environmental Protection (DEEP) has issued a Request for Proposals (RFP) for 2 GW of offshore wind generation capacity. The RFP contains a few new provisions, including an indexed pricing option that adjusts for inflation and multi-state bids under the recently signed agreement with Massachusetts and Rhode Island. The state launched […]

  • 9 January 2024
    Business & Finance, Collaboration, Fixed-Bottom, Industry, Market Outlooks, Outlook & Strategy, Project Updates, Supply Chain

    Eversource Energy expects to record an impairment charge of between USD 1.4 billion and USD 1.6 billion related to three offshore wind projects in the United States the company owns in partnership with Ørsted. The New England utility is currently in the process of divesting its 50 per cent ownership interest in three offshore wind […]

  • 30 August 2023
    Business & Finance, Business development, Fixed-Bottom, Industry, Infrastructure, Market Outlooks, Outlook & Strategy

    The world’s leading offshore wind developer, Ørsted, could book impairments of DKK 16 billion (EUR 2.15 billion) on its US portfolio due to adverse impacts relating to the supply chain, lack of favorable progress in Investment Tax Credit (ITC) guidance, and increased interest rates. The Ocean Wind 1, Sunrise Wind, and Revolution Wind projects are […]

  • 22 February 2024
    Fixed-Bottom, Project Updates, Supply Chain, Vessels, Wind Farm Update, Wind Turbines

    The twelfth and final wind turbine has been installed at South Fork Wind, New York’s first offshore wind farm. A couple of days ago, South Fork Wind, the joint venture between Ørsted and Eversource Energy, said via social media that the final wind turbine set sail to the project site from the State Pier Terminal in New […]

  • 22 August 2023
    Authorities, Fixed-Bottom, Project Updates, Wind Farm Update

    The US Bureau of Ocean Energy Management (BOEM) has issued a Record of Decision (ROD) for the 704 MW Revolution Wind project, the first utility-scale offshore wind farm which will feed electricity into Rhode Island and Connecticut’s grids. With the ROD in place, Ørsted and Eversource may now proceed with the project’s construction. The ROD will […]

  • 24 January 2024
    R&D, Technology, Vessels

    Tidal Transit, a supplier of purpose-design crew transfer vessels for the offshore wind industry, has begun the design and engineering phase of a project to deliver what the company claims to be the world’s first retrofit electric crew transfer vessel (E-CTV). Over the next 15 months, the UK-based company will retrofit a diesel-powered Mercurio 20-metre […]

  • 9 November 2023
    Business & Finance, Fixed-Bottom, Manufacturing, Project Updates, Supply Chain, Vessels

    The first US-built and Jones Act-compliant offshore wind turbine installation vessel (WTIV), Charybdis, will be completed in late 2024 or early 2025, Dominion Energy said in its financial report for the third quarter of 2023, confirming the information that surfaced after the company’s second quarter report in August. Construction of the first US WTIV started […]

  • 24 January 2024

    The European Network of Transmission System Operators for Electricity (ENTSO-E) has published EU Offshore Network Development Plans (ONDPs), the first comprehensive cross-border review of existing grid capacity and future offshore grid requirements at sea basin level. The plans could help to accelerate the expansion of offshore wind and facilitate the deployment of innovative grid solutions […]

  • 8 September 2023
    Business & Finance

    Eversource Energy has completed its sale of an uncommitted lease area off the south coast of Massachusetts to its joint venture (JV) partner Ørsted for USD 625 million. The all-cash transaction, which was announced in May, closed today following approval from the Committee on Foreign Investment in the United States. The deal with Eversource provides […]

  • 1 December 2023
    Industry, Supply Chain

    The International Marine Contractors Association (IMCA) has published the “industry’s first” standard contract for transport and installation (T&I) works in offshore wind projects. The contract has been written to ensure a fairer allocation of risk, IMCA said. Building on the organisation’s contracting principles release in January, its publication comes on the heels of an IMCA-led […]

  • 8 December 2023
    Authorities, Business & Finance, Business development, Planning & Permitting, Research & Development

    On 29 November, New Jersey Governor Phil Murphy directed the New Jersey Board of Public Utilities (NJBPU) to launch the fourth offshore wind solicitation in early 2024. New Jersey’s fourth solicitation project awards are expected in early 2025. The Governor’s action reaffirms the State’s commitment to achieving a 100 per cent clean energy economy by […]

  • 25 January 2024
    Business & Finance, Business development, Fixed-Bottom, Project Updates, Wind Farm Update

    Ørsted has signed an agreement with Eversouce to acquire the company’s 50 per cent share of the 924 MW Sunrise Wind offshore wind farm, a project that would deliver power to New York. The acquisition is subject to the successful award of Sunrise Wind in the ongoing New York fourth solicitation for offshore wind capacity, the […]

  • 12 December 2023
    Authorities, Fixed-Bottom, Planning & Permitting, Project Updates, Wind Farm Update

    The US Bureau of Ocean Energy Management (BOEM) has completed its environmental review of Ørsted’s Sunrise Wind project. In the Final Environmental Impact Statement (EIS), issued on 11 December, BOEM proposes an alternative layout for the offshore wind farm with fewer turbines. With the final EIS now released and set to be published in the […]

  • 14 November 2023
    Business & Finance, Fixed-Bottom, Floating Wind, Industry

    Ørsted’s Chief Financial Officer (CFO) and Chief Operating Officer (COO) are leaving the company, and with immediate effect, as a result of “a challenging and volatile business environment” in the industry, according to the offshore wind major. Ørsted is already head-hunting for the new CFO and COO. Daniel Lerup and Richard Hunter, Ørsted’s now-former CFO […]

  • 1 November 2023
    Business & Finance

    Due to adverse impacts relating to supply chain delays, increased interest rates, and the lack of an Offshore Wind Renewable Energy Credit (OREC) on Sunrise Wind, Ørsted has recognised impairment losses of DKK 28.4 billion (about EUR 3.8 billion) in the first nine months of 2023. The majority of impairment losses, DKK 19.9 billion, relate […]