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☆ Offshore wind projects have been dogged by inflation and culture wars. Now they’re making a comeback
▼ + stars: | 2024-04-18 | by ( Ella Nilsen | ) edition.cnn.com time to read: +6 min

CNN —After a disastrous year marked by high costs, accusations of environmental harm and project cancellations in 2023, there’s a sense the US offshore wind industry is on a rebound. But offshore wind is increasingly Trump-proof, according to a top White House climate official, wind CEOs and an industry analyst. “This year will be a significant year for offshore wind development,” BOEM director Elizabeth Klein told CNN in a statement. The US supply chain for offshore wind is still being built; therefore, projects are turning to European manufacturers to get blades, gearboxes, and other components. Now, he said, Northeast governors “just want to make sure their states have energy.”New York has been aggressively pursuing offshore wind projects, rebidding previously canceled projects and accepting those projects at higher prices.

Persons: ”, Sam Huntington, “, aren’t, Donald Trump –, Trump, Ali Zaidi, that’s, ” Zaidi, we’ve, Zaidi, “ We’re, ” Huntington, Elizabeth Klein, Matthew J, Lee, There’s, Clint Plummer, ” Plummer, Pedro Azagra Blázquez, ” Blázquez, rebidding, Plummer, they’re Organizations: CNN, P, White House, White, Biden, US Bureau of Ocean Energy Management, Vineyard, New, Boston Globe, Power Locations: Wisconsin, Trump, Europe, Gulf of Maine, Oregon, New Bedford, Massachusetts, Huntington, New York, Danish, Asia, Friendly, New England, York

☆ Avangrid CEO Pedro Azagra on #12 Just 100 ranking
▼ + stars: | 2024-02-07 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAvangrid CEO Pedro Azagra on #12 Just 100 rankingAvangrid CEO Pedro Azagra joins 'Squawk Box' to discuss the company's #12 ranking on Just Capital's annual Just 100 list, the sustainable energy sector, investments in clean energy, and more.

Persons: Pedro Azagra

☆ America’s first major offshore wind farm installs first of 62 huge turbines from GE unit
▼ + stars: | 2023-10-19 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +1 min

This image, from June 2023, shows blades for the Haliade-X turbine in New Bedford, MA. A project to develop a facility described as the United States' "first commercial-scale offshore wind project" continues to move forward after its first turbine was installed in waters off Martha's Vineyard. In an announcement Wednesday, Avangrid — which is part of the Iberdrola Group — and Copenhagen Infrastructure Partners said the Vineyard Wind 1 project would eventually have more than 60 turbines. "The project will consist of 62 wind turbines to generate 806 Megawatts, enough to power more than 400,000 homes and businesses in Massachusetts," Wednesday's announcement said. Avangrid CEO Pedro Azagra described the news as "a monumental achievement and a proud day for offshore wind in the United States," adding that there was "important work ahead" to install the project's remaining turbines.

Persons: It's, Pedro Azagra Organizations: Copenhagen Infrastructure Partners Locations: New Bedford, MA, United States, Copenhagen, Massachusetts

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