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Revolution Wind

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environment10 hours ago

New England bets big on offshore wind despite presidential pushback

Massachusetts’ Vineyard Wind and Connecticut’s Revolution Wind remain on track toward completion despite a December pause ordered by the Trump administration. A federal court cleared Revolution Wind to resume, and grid operators say these projects are crucial for New England’s winter reliability and could lower electricity bills by reducing reliance on expensive gas peakers. The Virginia CVOW project and PJM’s involvement illustrate the broader national energy demand driven by data centers. If both New England projects come online, they could power hundreds of thousands of homes and help stabilize prices, even as Trump calls offshore wind among the most expensive energy sources.

via CNN|
#electricity-prices#environment#iso-ne
business18 hours ago

Judge Clears Orsted to Restart $5B Revolution Wind After Halt

A U.S. District Court in Washington, D.C. cleared Orsted to resume work on the $5 billion Revolution Wind offshore project off Rhode Island after the Trump administration halted it along with four other offshore wind developments for national security concerns. The ruling is a win for Orsted and its 50/50 JV with Skyborn Renewables, signaling potential reduced policy uncertainty despite ongoing political headwinds; the company had already spent about $5 billion on the project, and shares rose about 4–5% following the decision.

via CNBC|
#business#court-ruling#energy-policy
energy3 months ago

Legal and Industry Developments Reshape US Offshore Wind Projects

The Trump administration's attempt to halt the Revolution Wind offshore wind project over national security concerns was challenged in court by Orsted, which argued the stop work order was arbitrary and based on inaccurate claims. The court ultimately lifted the order, highlighting the lack of evidence supporting security concerns and emphasizing the project's compliance with military and environmental standards. This case exposes tensions between renewable energy development and military security considerations.

via Heatmap News|
#energy#legal-battle#national-security
business3 months ago

Orsted Shares Rise as Court Allows U.S. Offshore Wind Farm Construction to Resume

Shares of Danish renewable energy company Orsted surged after a U.S. court overturned a Trump-era block on the Revolution Wind offshore wind project, allowing construction to resume. The court's decision provides a significant relief for Orsted, which has faced setbacks due to the U.S. administration's stance against offshore wind development. The company's shares had previously declined amid broader challenges in the renewable sector and funding issues.

via CNBC|
#business#offshore-wind#orsted
environment3 months ago

Judge Allows Rhode Island Offshore Wind Farm Construction to Continue

A federal judge allowed construction to resume on the Revolution Wind offshore wind farm near Rhode Island after halting work due to a stop-work order from the Trump administration, citing lack of factual basis for the pause and potential economic harm. The project, nearly complete and expected to power 350,000 homes, is a significant step for offshore wind development amid ongoing legal and political battles over renewable energy projects.

via WBUR|
#environment#legal-ruling#offshore-wind
nation3 months ago

Judge Allows Restart of Trump-Halted Offshore Wind Project

A federal judge has allowed the nearly completed Revolution Wind offshore wind project in Rhode Island and Connecticut to resume after halting construction due to national security concerns, marking a setback for Trump's efforts to restrict offshore wind development. The project, which is 80% complete and expected to provide 2.5% of regional electricity, faced delays and financial losses, but the judge emphasized the irreparable harm caused by the halt and the importance of completing the project. The decision is seen as a win for local workers and advocates for renewable energy.

via PBS|
#legal-ruling#nation#offshore-wind
energy3 months ago

Judge Allows Restart of Rhode Island Offshore Wind Project

A judge has allowed the Revolution Wind offshore wind project in New England to resume construction after a halt ordered by the Trump administration, with ongoing investigations into national security impacts. The project supplies power to Rhode Island and Connecticut, and the decision is seen as positive for regional energy reliability and local jobs, despite potential legal challenges ahead.

via Politico|
#construction-restart#energy#legal-dispute
environment3 months ago

Judge Allows Restart of Nearly Complete Offshore Wind Farm Previously Halted by Trump

A federal judge has allowed the nearly completed Revolution Wind offshore wind project in Rhode Island and Connecticut to resume after a halt ordered by the Trump administration, citing the project's reliance on federal approval and potential economic harm from delays, amidst ongoing political debates over offshore wind development.

via AP News|
#environment#federal-court#legal-ruling
politics4 months ago

How Trump’s Policies Have Stalled the U.S. Economy

The article discusses how Donald Trump's decision to halt a Rhode Island wind farm project, Revolution Wind, reflects his opposition to renewable energy, which contradicts his claims of promoting energy independence and economic strength. This decision not only risks wasting significant investments and jobs but also undermines the future of clean energy and broader economic stability, highlighting the self-destructive nature of his policies.

via The Bulwark|
#economic-impact#energy-policy#politics
business4 months ago

U.S. Political Battles Threaten Offshore Wind Development

The U.S. government abruptly halted Ørsted's nearly complete Revolution Wind offshore wind project in Rhode Island, citing vague national security concerns, despite the project's economic viability and strategic importance, leading to significant financial losses for Ørsted, undermining investor confidence, and delaying the U.S. energy transition, while highlighting the risks of political interference in long-term infrastructure projects.

via Crude Oil Prices Today | OilPrice.com|
#business#energy-investment#offshore-wind