As the United States finally gives the go-ahead for its first major offshore wind farm, regulatory certainty will be key to the success of the industry on the Eastern Seaboard, according to Wood Thilsted.
By Bracewell LLP Partners Kevin Ewing, Stephen Hug, Elizabeth McGinley and Christine Wyman
The energy transition will come in a variety of forms, but playing a critical role will be offshore wind, carbon capture utilisation and storage (CCUS), and hydrogen.
The long-stalled push to build massive wind farms in the Atlantic Ocean along the U.S. East Coast took a crucial step forward Tuesday as the Biden administration approved plans for a project off Martha’s Vineyard.
The Biden administration is outlining ambitions to dramatically boost offshore wind power in the U.S. by 2030, pushing to drive construction of projects at sea capable of generating enough electricity for more than 10 million American homes.
Bosses at Rotech Subsea are celebrating big contracts in the Asia-Pacific region and looking to re-establish a foothold in potentially lucrative US markets.
A leading industry expert is expecting a “rapid” uptake in renewable projects in the US post-election as the new administration makes good on its clean energy pledges.