The results of the Bureau of Ocean Energy Management’s (BOEM’s) recent auction of the Gulf of Mexico (Gulf) lease areas sharply depart from recent auctions and may signal uncertainty about current prospects for offshore wind...more
In 2023, federal agencies are poised to deliver rapid advancements in the development of offshore wind projects in the United States. In particular, the Biden administration’s Bureau of Ocean Energy Management (BOEM)—the...more
The U.S. offshore wind market has surged in growth over the last few years, bolstered by the U.S government’s commitment in 2021 to increase offshore wind lease capacity as well as the Biden Administration’s declaration that...more
4/26/2022
/ Asset Management ,
Biden Administration ,
BOEM ,
Energy Policy ,
Energy Projects ,
Energy Sector ,
FERC ,
Offshore Wind ,
Project Finance ,
Regulatory Requirements ,
Renewable Energy ,
Wind Farm ,
Wind Power
The Bureau of Ocean Energy Management (BOEM) will hold its next offshore wind lease auction on 11 May 2022, for two lease areas in the Carolina Long Bay. The lease areas comprise 110,091 acres off the coast of North and South...more
Offshore wind is in high demand, as evidenced by the US$4.37 billion in winning bids generated in the recent federal government auction of lease blocks in the New York Bight. On a per-acre basis, the provisional winners were...more
The flurry of offshore wind activity off the U.S. Eastern Seaboard continues, as the Bureau of Ocean Energy Management (BOEM) has announced recently it will hold an auction on 23 February 2022, to lease six new areas for...more
There is a lot of buzz around clean technology, distributed energy resources (DERs), microgrids, and other technological innovations in renewable energy and clean transport industries, and how these developments can...more
Second-Life Energy Storage Projects Repurposing Electric Vehicle Batteries Deployed in Norway - On 22 September 2021, Nuvation Energy and ECO STOR AS announced the deployment of three second-life energy storage systems in...more
Siemens Announces New U.S. Electric Vehicle Charging Equipment Manufacturing Facility - On 24 August 2021, Siemens Corporation announced a commitment to develop a new manufacturing facility in the United States to produce...more
“Offshore Wind American Manufacturing Act of 2021” - Introduced in the U.S. Senate On 11 August 2021, Senators Ed Markey (D-MA), Elizabeth Warren (D-MA), Cory Booker (D-NJ), and Robert Menendez (D-NJ) introduced the “Offshore...more
APEX CLEAN ENERGY AND PLUG POWER ENTER PPA TO POWER LARGEST WIND-SUPPLIED GREEN HYDROGEN PLANT IN THE NATION - On 14 July 2021, Apex Clean Energy Inc. (“Apex”) and Plug Power Inc. (“Plug Power”) announced a power purchase...more
NJPUC Approves United States’ Largest Offshore Wind Energy Procurement - On 30 June 2021, the New Jersey Board of Public Utilities (NJPUC) approved two offshore wind projects with a planned capacity exceeding 2.6 GW,...more
DOE LAUNCHES CLEAN HYDROGEN INITIATIVE - On 7 June 2021, U.S. Secretary of Energy Jennifer M. Granholm launched the U.S. Department of Energy’s (DOE) Energy Earthshot Initiative, making an “all-hands-on-deck call for...more
M-RETS Develops First Hourly Renewable Energy Certificate Retirement - On March 1st, M-RETS announced that it had completed the first-ever hourly Renewable Energy Certificate (REC) retirement. The hourly REC retirement system...more