It was the fourth such deal struck by the administration to get companies to forfeit their offshore wind leases.
Before the transaction, Skyborn held a 30% stake in Nordergründe, with the remaining 70% owned by different investors.
Duke Energy is selling its offshore wind lease back to the government to focus on grid reliability and nuclear energy.
Paul Ashworth says energy from the offshore wind farm will be able to power 3.3 million homes.
The announcement marked the latest maneuver from the Trump administration to block offshore wind development in a campaign (6) that has totaled $2.6 billion so far. Francesco Sassi, an energy expert ...
California hit a wind milestone before SunZia had fully entered service. TechTimes reported that on May 15, the state's grid ...
America’s largest renewables installation could begin commercial operations as early as Monday. Since April a 3.5-gigawatt wind farm in New Mexico has been quietly ramping up generation and delivering ...
Energy experts are also focused on how quickly it is turning wind into the state's dominant capacity source almost overnight.
Five more wind turbines just came online at Vineyard Wind 1, making it the largest operating offshore wind farm in the US. Sustainable energy company Avangrid and green investors Copenhagen ...
A coalition of seven blue states sued the Trump administration Tuesday after it paid a French company nearly $1 billion in taxpayer money to not build offshore wind farms.
Renewable energy groups are suing the U.S. military because they say national security reviews for new wind farms on private land have been effectively frozen for months. The groups say this logjam ...
As wind farm technology improves, offshore wind farming is becoming a more viable option for power production. More companies are starting to make a splash in this futuristic space. Investors ...