Tag: Orsted AS

What Ails Offshore Wind: Supply Chains, Ships and Interest Rates

A few years ago, interest in offshore wind energy was so strong that developers proposed spending tens of billions of dollars to plunk hundreds of turbines the size of skyscrapers in the Atlantic Ocean from Maine to Virginia. But several of those projects have recently hit the skids after executives miscalculated the impact that the […]

Read More

Huge Turbines Will Soon Bring First Offshore Wind Power to New Yorkers

The pier on the Connecticut coast is filled with so many massive oddities that it could be mistaken for the set of a sci-fi movie. Sword-shaped blades as long as a football field lie stacked along one edge, while towering yellow and green cranes hoist giant steel cylinders to stand like rockets on a launchpad. […]

Read More

In a Warming World, Clean Energy Stocks Fall While Oil Prospers

Heat, drought, flood and famine. Evidence of climate change is all around us. If the planet is to avoid even more severe consequences from global warming, the world’s leading energy agency says, consumption of oil, coal and natural gas needs to be reduced much more rapidly, and clean energy sources like wind and solar power […]

Read More

Wind Power, Key to Democrats’ Climate-Change Goals, Faces a Crisis

Before the end of this year, thousands of families in New York could be using electricity produced by a wind farm off the eastern tip of Long Island that will be the state’s first. But will it also be the last? Instead of gathering momentum as the long-promised benefits of offshore wind farms are about […]

Read More

Orsted, Offshore Wind Firm, Cancels N.J. Projects

Orsted, the Danish company that is a leading offshore wind farm developer, said on Wednesday that it would scrap plans to build two wind farms off the coast of New Jersey, forcing the company to write off as much as $5.6 billion. The move was further evidence that offshore wind in the United States is […]

Read More