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Sunrise Wind

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business2 months ago•2 min saved

Court Clears Sunrise Wind to Move Forward After Offshore Wind Freeze

A federal judge granted an injunction allowing Ørsted’s Sunrise Wind project off New York to resume construction after the Trump-era halt on five offshore wind leases, ruling that the delays could cause irreparable harm due to loss of a specialized installation vessel; Sunrise Wind is about 45% complete and, once built, would power roughly 600,000 homes, with operation possible as soon as October, while the underlying lawsuit challenging the stop-work order continues.

via The Guardian|

#business #court-injunction #offshore-wind

business2 months ago•3 min saved

Orsted Races to Finish US Offshore Wind After Court Lifts Halt

Orsted plans a rapid finish of the Revolution Wind project off Rhode Island after a court overturned the halt, with seven turbines left and power expected within weeks; Sunrise Wind remains paused and policy risks for US offshore wind persist as the company weighs its US versus European focus.

via The New York Times|

#business #offshore-wind #orsted

business8 months ago•1 min saved

Ørsted to raise $9.4 billion in rights issue amid U.S. market challenges

Orsted's shares dropped over 25% after the company announced a $9.4 billion rights issue due to adverse developments in the U.S. market, which prevented it from raising funds through a stake sale in the Sunrise Wind project.

via CNBC|

#business #offshore-wind #orsted

energy-environment2 years ago•2 min saved

"Revival of 1.7 GW Offshore Wind Farms in New York Sparks Consumer Cost Concerns"

New York State has conditionally awarded contracts to Equinor’s Empire Wind 1 and Eversource and Ørsted’s Sunrise Wind, which were previously canceled but have now reached viable power purchase agreements in the latest offshore wind solicitation. These "shovel-ready" projects will provide enough clean power for 1 million New York homes, reduce greenhouse gas emissions, and create jobs. The projects are expected to come online in 2026 and 2027, contributing to New York State's goal of achieving 9,000 megawatts of offshore wind energy by 2035.

via Electrek.co|

#empire-wind #energy-environment #new-york