Iberdrola to Invest $47B in Energy Transition in 2023-25. Nearly Half Of It in Offshore Wind

(Reuters) Spain's Iberdrola plans to invest 47 billion euros ($47 billion) in its electricity networks, renewable energy production and customer businesses in 2023-2025 alongside an expected rise in profits, it said on Wednesday.  Iberdrola is pushing to remain one of the global renewable power leaders at a time when utilities are facing a challenging transition... Continue Reading →

Massachusetts Denies Motion to Delay Offshore Wind Contracts

(Reuters) Massachusetts utility regulators denied offshore wind power company Commonwealth Wind's motion to suspend its power purchase agreement with state electric utilities, raising questions about the future of Commonwealth's proposed offshore wind project. The Massachusetts Department of Public Utilities (DPU) said in an order on Friday that Commonwealth "is a sophisticated market participant well capable... Continue Reading →

US Offshore Wind Update: New Construction Kicks Off

Philip Lewis, Contributor Intelatus Global Partners October saw the first offshore construction activity for a commercial scale U.S. offshore wind farm. Two cable layers have commenced the laying of Vineyard Wind’s export cable. This important milestone was also accompanied by complaints around the deployment of foreign flag workboats to support the cable layers. At the same... Continue Reading →

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