US offshore wind

Shell sells interest in U.S. offshore wind joint venture as company refocuses on oil and gas

March 25, 2024

World Oil (WO) – Shell New Energies US LLC has sold its 50% equity share in SouthCoast Wind Energy LLC to joint venture partner Ocean Winds North America LLC. SouthCoast Wind is a 50-50 joint venture between Shell and Ocean Winds, established to develop offshore wind projects off the coast of Massachusetts. “In-line with our Powering Progress strategy, Shell continues

U.S. offshore wind sector ‘fundamentally broken’ – BP exec

November 1, 2023

Oil Price The U.S. offshore wind industry is “fundamentally broken” and needs a reset, a clean energy executive at supermajor BP said at the FT Energy Transition summit on Wednesday. But the regulatory and permitting environment for the industry can be fixed, Anja-Isabel Dotzenrath, head of Gas and Low Carbon Energy at BP, said on the conference, as carried by Reuters. Currently,

U.S. offshore wind auction nears $4bln on third day of bidding

February 25, 2022

Nasdaq WASHINGTON, Feb 25 – The Biden’s administration’s sale of offshore wind development rights off the coasts of New York and New Jersey continued to shatter all records on Friday, reaching over $3.8 billion with one single block fetching over $1 billion. The auction, which began on Wednesday, is the first offshore wind lease sale under U.S. President Joe Biden,

Big potential, but challenges to overcome: A look at offshore wind in the U.S.

September 18, 2020

CNBC Stretching for thousands of miles, the east coast of the United States is home to major cities, stunning beaches and millions of people. Soon, though, it could also host several major offshore wind farms, a development that would have a significant effect on America’s energy mix. At the moment, the offshore wind sector in the U.S. is small. The

Shell sells interest in U.S. offshore wind joint venture as company refocuses on oil and gas

U.S. offshore wind sector ‘fundamentally broken’ – BP exec

U.S. offshore wind auction nears $4bln on third day of bidding

Big potential, but challenges to overcome: A look at offshore wind in the U.S.

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