Biden Administration Announces First Offshore Wind Lease Sales for Gulf of Mexico

Credit to Author: Darrell Proctor| Date: Wed, 22 Feb 2023 18:21:05 +0000

The Biden administration on Feb. 22 announced the first-ever lease sale for offshore wind power development in the Gulf of Mexico. The Dept. of the Interior, through its Bureau of Ocean Energy Management (BOEM), said it would open more than 300,000 acres in the Gulf, an area that long has been a major part of […]

The post Biden Administration Announces First Offshore Wind Lease Sales for Gulf of Mexico appeared first on POWER Magazine.

Read more

‘Largest’ Floating Offshore Wind Farm Comes Online in North Sea

Credit to Author: Darrell Proctor| Date: Tue, 15 Nov 2022 17:39:15 +0000

offshore-wind

An installation that at present is considered the world’s largest floating offshore wind farm has produced its first power, providing electricity for oil and gas exploration operations in the North Sea. Hywind Tampen on Nov. 13 began powering Equinor’s drilling at the Gullfaks oil and gas field. The wind farm is located about 87 miles […]

The post ‘Largest’ Floating Offshore Wind Farm Comes Online in North Sea appeared first on POWER Magazine.

Read more

U.S., Others Tout $20 Billion Plan to Move Indonesia Away from Coal, Toward Renewables

Credit to Author: Darrell Proctor| Date: Tue, 15 Nov 2022 15:15:45 +0000

The U.S. and other countries have announced a $20 billion financing plan to help Indonesia more quickly shutter the country’s coal-fired power plants and decarbonize its power generation sector. “We’ve built a platform for cooperation that can truly transform Indonesia’s power sector from coal to renewables and support significant economic growth,” U.S. Special Envoy on […]

The post U.S., Others Tout $20 Billion Plan to Move Indonesia Away from Coal, Toward Renewables appeared first on POWER Magazine.

Read more

New Report Says ‘Historic Expansion’ Coming for U.S. Offshore Wind

Credit to Author: Darrell Proctor| Date: Thu, 13 Oct 2022 13:56:16 +0000

offshore-wind

A new report from a business group that supports development of U.S. offshore wind projects details several factors that it says will contribute to a “historic expansion” of the technology over the next several years. The Business Network for Offshore Wind’s inaugural “Offshore Wind Quarterly Market Report,” released Oct. 13, highlights how recent government actions […]

The post New Report Says ‘Historic Expansion’ Coming for U.S. Offshore Wind appeared first on POWER Magazine.

Read more

Biden Administration Throws Support Behind Floating Offshore Wind

Credit to Author: Darrell Proctor| Date: Thu, 15 Sep 2022 19:25:25 +0000

The Biden administration announced a goal of installing as much as 15 GW of floating offshore wind energy capacity by 2035, and said it plans to auction off leases to support project development by the end of this year. The Sept. 15 announcement touted both the potential of offshore wind and its impact on reducing […]

The post Biden Administration Throws Support Behind Floating Offshore Wind appeared first on POWER Magazine.

Read more

Biden Signs Bill to Transform U.S. Energy, Combat Climate Change

Credit to Author: Darrell Proctor| Date: Tue, 16 Aug 2022 20:08:48 +0000

President Biden’s signing of the Inflation Reduction Act (IRA) should provide further impetus for growth of U.S. renewable energy, coming on the heels of a report from the Federal Energy Regulatory Commission (FERC) that installations of solar and wind power accounted for more than two-thirds of new domestic utility-scale generation in the first six months […]

The post Biden Signs Bill to Transform U.S. Energy, Combat Climate Change appeared first on POWER Magazine.

Read more

Renewable Energy, Electrification Big Winners in Inflation Reduction Act

Credit to Author: Darrell Proctor| Date: Fri, 12 Aug 2022 22:28:12 +0000

The U.S. House on Aug. 12 passed a bill with major implications for the power generation industry, joining the U.S. Senate in supporting the Inflation Reduction Act (IRA). The bill, which now heads to President Joe Biden for his signature, includes major provisions to combat climate change, including support for a variety of clean energy […]

The post Renewable Energy, Electrification Big Winners in Inflation Reduction Act appeared first on POWER Magazine.

Read more