offshore Archives

BOEM receives unsolicited offshore wind lease request, cancels second Gulf of Mexico sale

Hecate Energy is seeking a lease on the Outer Continental Shelf (OCS) in the Gulf of Mexico; BOEM is gauging competitive interest.

‘First-of-its-kind’ parametric insurance launched for Maine wind project

The wind proxy hedge paired with the kWh Analytics Indifference Structure is meant to address the volatility of wind power by adding investment-grade cash flow above the P99 wind speed.

Previous bidder tries again with new offshore wind proposal in New Jersey

Community Offshore Wind has submitted a bid to build a wind farm off the state’s southern coast generating 1.3 GW of electricity.

Here comes the boom: Wood Mackenzie forecasts massive solar, wind, and storage growth

WoodMac predicts 5.4 TWac of new solar and wind will come online by 2033, as global energy storage capacity grows by more than 600%.

BOEM issues its final approval for two New England offshore wind projects

New England Wind 1 and 2, located about 20 nautical miles south of Martha’s Vineyard, will have a combined total capacity of up to 2,600 MW.

First monopile foundation installed at Dominion’s Coastal Virginia Offshore Wind

Dominion Energy says the 2.6 GW project is still on schedule to be completed in late 2026, as a federal ruling looms.