Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    The situation in Iran is unlikely to harm the US economy or increase inflation, but the Fed will take its time lowering interest rates.

    March 3, 2026

    Strait of Hormuz Crisis: Oil Prices & Global Impact

    March 2, 2026

    Iran Conflict Drives U.S. Gas Prices Higher in Spring 2026

    March 2, 2026
    Facebook X (Twitter) Instagram
    🔴
    Trending
    • The situation in Iran is unlikely to harm the US economy or increase inflation, but the Fed will take its time lowering interest rates.
    • Strait of Hormuz Crisis: Oil Prices & Global Impact
    • Iran Conflict Drives U.S. Gas Prices Higher in Spring 2026
    • Insider Trading Scandal Rocks Prediction Markets Amid Iran Conflict
    • Middle East Tensions Spark Surge in Oil Markets
    • Israel and U.S. Strike Iran: Middle East Conflict Drives Oil Prices Higher
    • Making the most of a government shutdown is what the IRS is attempting to accomplish. Here’s how to secure your return.
    • Unexpectedly, oil prices see their first monthly increase in six months. So what’s the next move for OPEC+?
    BourseWatch – Latest Daily Stock Market And Finance NewsBourseWatch – Latest Daily Stock Market And Finance News
    • HOME
    • TOOLS
      • CURRENCY CONVERTER
      • RANKING TABLE
      • STOCK SCREENER
      • FOREX HEATMAP
      • ECONOMIC CALENDER
      • REAL-TIME CHART
      • FOREX SUMMARY
    • MARKET
      1. COMMODITIES
      2. REAL ESTATE
      3. CRYPTO CURRENCIES
      4. CURRENCY / FOREX
      5. ETF / RTF
      6. EQUITIES
      7. INDEXES
      8. View All

      Commodity Markets Caught in a ‘Super Squeeze’—HSBC Warns of Prolonged Price Surge

      January 26, 2026

      Global Oil Prices Surge Amidst Growing Geopolitical Risks – Best Weekly Performance Since October

      January 26, 2026

      Oil Surges Toward One-Month High on Unexpected US Inventory Drop and Chinese Stimulus

      January 25, 2026

      Oil Prices Fluctuate Amidst US Stockpile Data, Geopolitical Tensions, and China’s Economic Stimulus

      January 24, 2026

      Optimistic Outlook Emerges as Rate Cut Hopes Ignite Real Estate Market Recovery

      January 24, 2026

      Why experts say that Trump’s prohibition on big investors like Blackstone purchasing homes won’t lower housing costs

      January 8, 2026

      Why a real estate investor on crowdfunding site bid $30 million on Diddy’s “freak-off” home in L.A.: “It has a stigma attached to it”

      December 3, 2025

      “Sorry to pop the bubble,” she said. Jude Law tells you why you can’t stay at the cute house from “The Holiday,” a movie that has something for everyone.

      December 2, 2025

      Here are some reasons why Fed Chair Warsh might not be sufficient to recover the cryptocurrency when it approaches $80K.

      January 31, 2026

      UK Accelerates Efforts on Digital Pound Design Amid Privacy and Security Concerns

      January 25, 2026

      Bitcoin Faces 20% Decline Following ETF Launch as Speculators Turn Cautious

      January 23, 2026

      “Crypto Chronicles: FTX Lawsuit Twist, Grayscale’s ETF Shift, and FTX’s Post-Bankruptcy Resurgence”

      January 22, 2026

      According to a Goldman research, this is the point at which the 10-year Treasury yield poses a “clear problem” for equities.

      May 3, 2024

      This ETF from a 106-year-old company has outperformed competitors while staying away from the “Magnificent Seven” stocks.

      January 6, 2026

      ETFs with private credit have arrived. Why they might target your retirement account next.

      September 5, 2025

      Inside the 2025 ETF boom: “How do you manage it all?”

      September 5, 2025

      Challenges Loom for China’s Stock Market as ETF Experts Warn of Investor Hesitancy

      August 12, 2025

      Challenges for Tech Giants: Microsoft, Google, and AMD Stocks Take a Hit Despite Strong Earnings

      June 22, 2024

      ECB’s Villeroy Affirms: Oil Uncertainty No Barrier to June Rate Cut

      April 29, 2024

      Federal Reserve’s Move Leaves Regional Banks in a Quandary for 2024

      April 29, 2024

      Israel’s Credit Rating Takes a Dive: S&P Warns of Military Escalation with Iran

      April 29, 2024

      Strait of Hormuz Crisis: Oil Prices & Global Impact

      March 2, 2026

      Iran Conflict Drives U.S. Gas Prices Higher in Spring 2026

      March 2, 2026

      Insider Trading Scandal Rocks Prediction Markets Amid Iran Conflict

      March 2, 2026

      Middle East Tensions Spark Surge in Oil Markets

      March 2, 2026
    • ECONOMY
      1. INTEREST RATE
      2. View All

      Global Credit Spreads Hit 2022 Low as Investors Chase Higher Yields Amid Economic Optimism

      January 26, 2026

      In ’26, tax the wealthy? This year, these three important wealth tax concerns may be resolved.

      January 10, 2026

      A watchdog group says the IRS has only made “limited progress” in figuring out how often people making less than $400,000 are audited.

      September 3, 2025

      Like Trump, Kamala Harris wants to keep tip taxes low. Some people think the idea is “very silly,” and it doesn’t matter who comes up with it.

      August 19, 2025

      The situation in Iran is unlikely to harm the US economy or increase inflation, but the Fed will take its time lowering interest rates.

      March 3, 2026

      Israel and U.S. Strike Iran: Middle East Conflict Drives Oil Prices Higher

      March 2, 2026

      Here’s what Trump’s nomination of Kevin Warsh to chair the Fed means for the economy, markets and you

      January 31, 2026

      Why the Fed might be finished permanently lowering interest rates

      January 29, 2026
    • NEWS
      1. ALL NEWS
      2. COMPANIES
      3. CURRENCY FOREX
      4. INDEXES
      5. View All

      Biden Administration Freezes Approvals for US LNG Exports, Sparking Debate on Energy and Climate

      January 26, 2026

      Britain Agrees to Return Looted Asante Royal Regalia to Ghana in Historic Loan Deal

      January 25, 2026

      Biden’s Antitrust Wins Cast Shadow on Corporate Mergers in 2024

      August 12, 2025

      Trump’s 10% Tariff Plan Echoes Nixon’s 1971 Strategy: A Closer Look at the Historical Precedent

      April 6, 2025

      McDonald’s may send its 1,057-calorie Big Arch burger to America soon. Why it might sell for a billion dollars.

      January 31, 2026

      What the Apple bearish are misinterpreting about the stock is as follows.

      January 31, 2026

      UPS plans to reduce its Amazon operations by over 50%. Here’s why.

      January 30, 2026

      A plane crash in Washington, D.C., highlights how uncommon fatal aviation accidents are in the United States.

      January 30, 2026

      FOREX-Dollar Declines Amidst Asian and European Currency Surge

      January 24, 2026

      Goldman Sachs Warns of Potential Risks to European Stocks if Trump Secures Presidential Victory

      January 24, 2026

      China Securities Regulator Halts Restricted Share Lending in Move to Stabilize Stock Markets

      August 14, 2025

      Global Markets Wobble as China’s Evergrande Faces Liquidation, Federal Reserve Meeting Looms

      June 22, 2024

      TSX Futures Rally as Commodity Prices Surge Ahead of Bank of Canada Decision

      January 24, 2026

      Today’s Stock Market: US Equities Rise Once More, Fueled by Tech Sector Momentum.

      January 22, 2026

      Morgan Stanley and JPMorgan Advise Purchasing the dip Amid Treasury Sell-off Downturn.

      January 21, 2026

      The Economic Downturn Signal Maintains a Flawless Record for 72 Years: Here’s Its Projection for What Comes Next.

      January 21, 2026

      Making the most of a government shutdown is what the IRS is attempting to accomplish. Here’s how to secure your return.

      February 1, 2026

      McDonald’s may send its 1,057-calorie Big Arch burger to America soon. Why it might sell for a billion dollars.

      January 31, 2026

      What the Apple bearish are misinterpreting about the stock is as follows.

      January 31, 2026

      UPS plans to reduce its Amazon operations by over 50%. Here’s why.

      January 30, 2026
    • LIST & RANKING

      Top CEO’s of the Year

      January 18, 2026

      The force behind the recent surge in stocks is Big Tech, not the Fed. What investors should know is as follows.

      June 16, 2024

      Top 25 Independent Advisors

      February 27, 2024

      The top 50 Canadian Firm

      January 18, 2024

      The Best Online Brokers

      January 18, 2024
    Donate
    BourseWatch – Latest Daily Stock Market And Finance NewsBourseWatch – Latest Daily Stock Market And Finance News
    Home » Breaking Ground: America’s First Large Offshore Wind Farm Sets Sail for Green Future
    All News

    Breaking Ground: America’s First Large Offshore Wind Farm Sets Sail for Green Future

    March 14, 2024No Comments
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    4dea59cbdc9ed80fc80b53138b08bf8d
    Share
    Facebook Twitter LinkedIn Pinterest Email

    America’s first commercial-scale offshore wind farm is officially open, a long-awaited moment that helps pave the way for a succession of large wind farms.

    Danish wind energy developer Ørsted and the utility Eversource built a 12-turbine wind farm called South Fork Wind 35 miles (56 kilometers) east of Montauk Point, New York. New York Gov. Kathy Hochul will be on Long Island Thursday to announce that the turbines are delivering clean power to the local electric grid. Interior Secretary Deb Haaland is expected to attend.

    Achieving commercial scale is a turning point for the industry, but what’s next? Experts say the nation needs a major buildout of this type of clean electricity to address climate change.

    Offshore wind is central to both national and state plans to transition to a carbon-free electricity system. The Biden administration has approved six commercial-scale offshore wind energy projects, and auctioned lease areas for offshore wind for the first time off the Pacific and Gulf of Mexico coasts. New York picked two more projects last month to power more than 1 million homes.

    This is just the beginning, Hochul said. She said the completion of South Fork shows that New York will aggressively pursue climate change solutions to save future generations from a world that otherwise could be dangerous. South Fork can generate 132 megawatts of offshore wind energy to power more than 70,000 homes.

    “It’s great to be first, we want to make sure we’re not the last. That’s why we’re showing other states how it can be done, why we’re moving forward, on to other projects,” Hochul told The Associated Press in an exclusive interview before the announcement.

    “This is the date and the time that people will look back in the history of our nation and say, ‘This is when it changed,’” Hochul added.

    Ørsted CEO Mads Nipper called the opening a major milestone that proves large offshore wind farms can be built, both in the United States and in other countries with little or no offshore wind energy currently.

    With South Fork finished, Ørsted and Eversource are turning their attention to the work they will do offshore beginning this spring for a wind farm more than five times its size. Revolution Wind will be Rhode Island and Connecticut’s first commercial-scale offshore wind farm, capable of powering more than 350,000 homes next year. The site where the cable will connect in Rhode Island is already under construction.

    In New York, the state said last month it would negotiate a contract with Ørsted and Eversource for an even larger wind farm, Sunrise Wind, to power 600,000 homes. The Norwegian company Equinor was picked for its Empire Wind 1 project to power more than 500,000 New York homes. Both aim to start providing power in 2026.

    After years of planning and development, 2024 is a year of action— building projects that will deliver sizeable amounts of clean power to the grid, said David Hardy, group executive vice president and CEO Americas at Ørsted.

    Ørsted, formerly DONG Energy, for Danish Oil and Natural Gas, started aggressively building wind farms off the coast of Denmark, the U.K. and Germany in 2008. The company sold off the North Sea oil and gas assets on which it had built its identity to focus on clean energy, becoming Ørsted. It’s now one of the biggest wind power developers.

    The first U.S. offshore wind farm was supposed to be a project off the coast of Massachusetts known as Cape Wind. A Massachusetts developer proposed the project in 2001. It failed after years of local opposition and litigation.

    Turbines began spinning off Rhode Island’s Block Island as a pilot project in 2016. But with just five of them, it’s not a commercial-scale wind farm.

    Last year brought challenges for the nascent U.S. offshore wind industry, as Ørsted and other developers canceled projects in the Northeast that they said were no longer financially feasible. High inflation, supply chain disruptions and the rising cost of capital and building materials were making projects more expensive as developers were trying to get the first large U.S. offshore wind farms opened.

    Industry leaders expect 2024 to be a better year, as interest rates come down and states ask for more offshore wind to meet their climate goals.

    The nation’s second large offshore wind farm, Vineyard Wind, is expected to open later this year off the coast of Massachusetts, too. The first five turbines are providing power for about 30,000 homes and businesses in Massachusetts. When all 62 turbines are spinning, they’ll generate enough electricity for 400,000 homes and businesses. Avangrid and Copenhagen Infrastructure Partners are the joint owners of that project.

    The Biden administration wants enough offshore wind energy to power 10 million homes by 2030. Interior Secretary Haaland said in a statement that “America’s clean energy transition is not a dream for a distant future— it’s happening right here and now.”

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Biden Administration Freezes Approvals for US LNG Exports, Sparking Debate on Energy and Climate

    January 26, 2026

    Britain Agrees to Return Looted Asante Royal Regalia to Ghana in Historic Loan Deal

    January 25, 2026

    Biden’s Antitrust Wins Cast Shadow on Corporate Mergers in 2024

    August 12, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Aeries Technology: A Global Professional Services Leader in Business Transformation

    June 10, 2024

    As Christmas sales break records, stock buybacks soar.

    December 5, 2025

    These other stocks, along with Coinbase and Block, could join the S&P 500 in the next shake-up.

    December 6, 2025

    Why Powell and the Fed should stop lowering interest rates in December

    December 7, 2025
    Don't Miss
    Economy

    The situation in Iran is unlikely to harm the US economy or increase inflation, but the Fed will take its time lowering interest rates.

    March 3, 2026

    A vital chokepoint for the world’s crude oil supplies is the Strait of Hormuz. Analysts…

    Strait of Hormuz Crisis: Oil Prices & Global Impact

    March 2, 2026

    Iran Conflict Drives U.S. Gas Prices Higher in Spring 2026

    March 2, 2026

    Insider Trading Scandal Rocks Prediction Markets Amid Iran Conflict

    March 2, 2026
    Stay In Touch
    • Facebook
    • Instagram

    Subscribe to Updates

    Get the latest Update

    Facebook Twitter Instagram

    BourseWatch

    • All News
    • Economy
    • List & Ranking
    • Market
    • News

    Recent Post

    • im 53411306
      The situation in Iran is unlikely to harm the US economy or increase inflation, but the Fed will take its time lowering interest rates.
    • im 58552594
      Strait of Hormuz Crisis: Oil Prices & Global Impact
    • im 95141640 1
      Iran Conflict Drives U.S. Gas Prices Higher in Spring 2026

    Subscribe to Updates

    Get the latest creative news from BourseWatch

    © Boursewatch. Designed by Asad Rizvi

    • Privacy Policy
    • Terms
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.