New York Ends Fifth Offshore Wind Solicitation Process ‘Due to Federal Actions Disrupting Market’

Feb. 17 (offshoreWIND.biz) The New York State Energy Research and Development Authority (NYSERDA) has closed the state’s fifth offshore wind solicitation, launched in 2024, without awarding any offshore renewable energy credits (ORECs). The state agency has also launched a Request for Information (RFI) to inform a potential process through which the state would support the... Continue Reading →

Latin America’s Bold Renewable Energy Bet

Feb. 16 (oilprice.com) Latin America is attracting greater attention from international investors thanks to its strong renewable energy and critical mineral potential. In recent years, the region’s green energy capacity has steadily grown, while more mineral mining projects are developed, and the electric vehicle (EV) market is beginning to expand. As the United States takes... Continue Reading →

HydroWing awarded additional 10MW, advancing world-leading tidal energy project at Morlais

Feb. 10 - HydroWing Tidal Energy Projects, part of Inyanga Marine Energy Group, has been awarded a further 10MW for its Ynni’r Lleuad Project at Morlais in Wales in today’s announcement of the UK government’s Allocation Round 7a (AR7a) Contracts forDifference (CfD) awards. This additional capacity builds on the 20MW already awarded to HydroWing through earlier rounds... Continue Reading →

Orsted’s full-year earnings on track after cash flow boost, debt reduction

 Feb 6 (Reuters) - Denmark's Orsted reported sharply higher fourth-quarter cash flow and a bigger-than-expected reduction in debt, as the group boosts its balance sheet to navigate U.S. President Donald Trump's clampdown on offshore wind. Orsted expanded rapidly over the past decade, but more recently faced higher costs from supply chain disruption and inflation, and faces regulatory... Continue Reading →

Massachusetts, Nova Scotia Partner on Offshore Wind Development

Feb. 6 (offshoreWIND.biz) The US state of Massachusetts and the Canadian province of Nova Scotia have signed a Memorandum of Understanding (MoU) to deepen cooperation on offshore wind development, seeking to align planning, workforce training, transmission planning and supply chain development across the North Atlantic region. Massachusetts Governor Maura Healey and Nova Scotia Premier Tim... Continue Reading →

Equinor Reports Lower Q4 Earnings as Record Production Supports Cash Flow

Feb. 4 (oilprice.com) Equinor posted lower earnings in the fourth quarter of 2025 compared with a year earlier, reflecting weaker liquids prices and impairment charges, even as the Norwegian energy major delivered record annual production and outlined measures to reinforce cash flow and competitiveness. Adjusted operating income for the quarter reached $6.2 billion, down from the same... Continue Reading →

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