EDP Renewables and ENGIE have combined their existing and planned offshore wind efforts to form a new company, Ocean Winds (OW). After launching OW in Europe, EDP Renewables and ENGIE are now unveiling the U.S. arm of this new company: OW North America. “OW will be a major element in creating the new clean, sustainable and prosperous economy that Americans are demanding … [Read more...] about EDPR, ENGIE Partner to Form OW North America
Wind on the Rise, Oil, Gas and Coal on the Decline
This year, renewable power is growing robustly around the world, contrasting with the sharp declines triggered by the COVID-19 crisis in many other parts of the energy sector such as oil, gas and coal, according to a recently released report from the International Energy Agency (IEA). Driven by China and the U.S., new additions of renewable power capacity worldwide will … [Read more...] about Wind on the Rise, Oil, Gas and Coal on the Decline
American Electric Power Investing Heavily in Renewable Generation
American Electric Power (AEP) says it will continue its progress toward a clean energy future by investing in its regulated businesses and renewable generation. The company plans to invest $37 billion in capital from 2021 through 2025, with the bulk allocated to regulated businesses and renewables. AEP’s capital plan includes $26.7 billion in transmission and … [Read more...] about American Electric Power Investing Heavily in Renewable Generation
Vineyard Wind Executes Transmission Agreement
After receiving final authorization from the Federal Energy Regulatory Commission (FERC), Vineyard Wind, a joint venture between Copenhagen Infrastructure Partners and Avangrid Renewables, has executed an agreement with ISO New England (ISO-NE) to deliver clean, renewable and cost-effective energy to the grid once its Vineyard Wind 1 project comes … [Read more...] about Vineyard Wind Executes Transmission Agreement
Coastwise Offshore Services, Next Generation Shipyards Sign Contract for Offshore Wind Vessel
Coastwise Offshore Services, a shipping company that specializes in offshore wind, and Next Generation Shipyard have signed a second contract for the building of a new, energy-efficient and fuel-saving aluminum vessel for the offshore wind industry. The signing took place at Next Generation Shipyards in Lauwersoog, the Netherlands. The building of the vessel was … [Read more...] about Coastwise Offshore Services, Next Generation Shipyards Sign Contract for Offshore Wind Vessel