The U.S. offshore wind sector is encountering significant hurdles, leading to concerns among major players in the energy industry. BP’s Head of Gas and Low Carbon,…
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British oil and gas giant BP Plc (LON:BP) announced a pre-tax impairment charge of USD 540 million (EUR 509m) during the third quarter of 2023, connected…
BP, in collaboration with Equinor, announced a pre-tax impairment charge of $540 million in the third quarter of 2023 in connection with its offshore wind projects…
Equinor, the energy company involved in various renewable energy ventures, has recognized a $300 million impairment on its US offshore wind projects. The impairment, as outlined…
New York state government has approved permits and allocated substantial funds for an impressive 6.4 gigawatts (GW) of clean energy projects, with 1.5GW dedicated to new…
TotalEnergies, the renowned French energy company, has announced its partnership with Corio Generation and Rise Light & Power for the joint development of a wind project…
In a mixed landscape for the U.S. offshore wind industry, some developers may need to reconsider power sales contracts in New York following the state’s recent…
U.S. solar firm Suniva will rejuvenate its cell production facility in Georgia next year, leveraging the incentives provided by President Joe Biden’s signature climate legislation, stated…
ransAlta Corporation has recently completed the acquisition of TransAlta Renewables, bringing the renewable energy developer under private ownership. This strategic move led to the delisting of…
The U.S. Department of Energy (DOE) has unveiled a significant investment of $325 million to support nine pioneering proposals in the field of long-duration energy storage.…
Nine US east coast states and four federal government agencies have recently formalized an agreement to enhance regional collaboration for the development of offshore wind supply…
In a joint appeal, six U.S. governors have called upon President Joe Biden to provide additional support for the nation’s beleaguered offshore wind projects. Governors Ned…
