ATLANTIC CITY, N.J. (AP) — The U.S. Interior Department approved the proposed Atlantic Shores offshore wind farm in New Jersey on Tuesday, giving a major boost to a project that would be the state’s first. The project still requires an additional federal approval of its construction and operations plan, along with two state-level permits, before […]
Tag: offshore
Offshore wind developer to map seafloor near SLO County coast. Here’s what to expect
One offshore wind developer will begin mapping the seafloor off the coast of San Luis Obispo County this week. Golden State Wind is one of three corporations that holds a lease to build floating wind turbines in the 376-square-mile Morro Bay Wind Energy Area about 20 miles away from Cambria and San Simeon. The company […]
Beneath offshore wind turbines, researchers grow seafood and seaweed
KRIEGERS FLAK OFFSHORE WIND FARM, Denmark (AP) — In a small boat bobbing in the waves between towering offshore wind turbines, researchers in Europe’s Baltic Sea reach into the frigid water and remove long lines stretched between the pylons onto which mussels and seaweed are growing. It’s part of efforts to explore multiple uses for […]
Chinese investors’ rush for offshore assets spurs Hong Kong wealth inflows
By Xie Yu HONG KONG (Reuters) – Hong Kong investment products such as insurance and high-yield time deposits are seeing resurgent demand from wealthy Chinese who are aiming to shield returns from a domestic economic and property sector downturn and also a weaker currency. The trend became evident last year but has accelerated in recent […]
Chinese investors’ rush for offshore assets spurs Hong Kong wealth inflows
By Xie Yu HONG KONG (Reuters) – Hong Kong investment products such as insurance and high-yield time deposits are seeing resurgent demand from wealthy Chinese who are aiming to shield returns from a domestic economic and property sector downturn and also a weaker currency. The trend became evident last year but has accelerated in recent […]
Fluke hitting in the surf while offshore anglers haul in bluefin tuna
Offshore wind is forward thinking for Fenwick Island — and all of Delaware
My family’s ties to Fenwick Island date to the 1940s. My grandfather was one of the early mayors. He brokered purchase of the property for Town Hall in the 1950s. He helped to bring streetlights and public water to residents. Granddad couldn’t predict the future, but he looked ever forward. He helped shape a place where […]
Energy company wants Maine to use its port instead of Sears Island for offshore wind hub
Jun. 6—An energy and port services company is pitching its Mack Point industrial site for an offshore wind port as an alternative to nearby Sears Island preferred by the state and opposed by local residents. Sprague Operating Resources LLC on Thursday released details of its plan for Maine’s offshore wind project in Searsport. It says […]
Analysis-Red tape clogs China’s offshore IPO pipeline even as markets recover
By Kane Wu, Julie Zhu, Selena Li and Scott Murdoch HONG KONG (Reuters) – More than a year after China pledged to smoothen the process for offshore listings, firms are reeling from a regulatory logjam that is unlikely to ease soon, and staring at the prospects of sharply lower valuations even as market sentiment improves. […]
U.S. offers state a lease to research offshore wind in the Gulf of Maine
May 28—Federal officials on Tuesday offered Maine a lease to research offshore wind turbines in the Gulf of Maine, moving the state closer to establishing a presence in the budding zero-carbon energy industry. The site is 28 nautical miles off the coast, southeast of Portland. If developed, it will include up to 12 floating offshore […]
Murphy accelerates offshore wind construction, announces settlement with Ørsted
TRENTON — Gov. Phil Murphy announced New Jersey would accelerate development of its future offshore wind industry, saying that the state was speeding up its release of the fifth round of bidding for offshore wind power projects. Offshore wind developers can submit project proposals in the fifth round bidding, which is expected to open in […]
Massive offshore wind vessel will not work in New London
May 25—Charybdis, the 472-foot offshore wind turbine installation vessel contracted for work in New England waters, is not coming to New London after all. Dominion Energy, the company that constructed this first U.S.-built vessel of its kind, confirmed this week it had canceled a contract with Ørsted and Eversource, the partners that had planned to […]