Trump allows New York offshore wind project
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Sunset Park moves ahead with plans for a ājust transitionā after the Trump administration lifts its stop-work order on the Empire Wind energy project.
Empire Offshore Wind, a subsidiary of Equinor, has been notified by the Bureau of Ocean Energy Management (BOEM) of the US Department of the Interior that the stop-work order for its Empire Wind project has been lifted.
The Trump administration had issued a highly unusual stop-work order on the Empire Wind project last month, leading to intense pushback from officials in New York.
Shares of offshore wind developer Orsted rose 15% on Tuesday after the U.S. administration revoked an order to halt work on a project by peer Equinor, easing concerns over the Danish company's U.S. projects under development.
Denmark, a global leader in wind power, spent five months licking its wounds after a failed auction for offshore turbines delivered a blow to expand even further.
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Texas lawmakers have advanced a bill to prohibit offshore wind turbines in the Gulf of Mexico from connecting to the state's primary power grid through state waters. Senate Bill 383 passed narrowly out of the relevant Texas House committee in a Tuesday meeting that wasn't broadcast to the public or recorded.
The scale has been in use for decades and gives an idea about what kind of wind damage a hurricane can produce, but it says nothing about impacts from storm surge, flooding rain and tornadoes.
Colombia's Ecopetrol (NYSE:EC) said Wednesday it agreed to acquire 10 solar and wind energy project development companies from Norway's Statkraft to supply its domestic energy needs; financial terms were not disclosed.