News Formal

U.S. Offshore Wind Industry in Need of Reset, Says BP Executive

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 24 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 48%
  • Publisher: 68%

Energy Berita

U.S.,Offshore Wind Industry,BP

A clean energy executive at BP has stated that the U.S. offshore wind industry is fundamentally broken and requires a reset. The regulatory and permitting environment for the industry can be fixed, according to the executive, who highlighted challenges such as inflation adjustments, permitting issues, and delays in project construction. BP and Equinor's attempts to renegotiate power purchase agreements for wind farms off the coast of New York were recently rejected, leading to impairments for both companies.

The U.S. offshore wind industry is “fundamentally broken” and needs a reset, a clean energy executive at supermajor BP said at the FT Energy Transition summit on Wednesday. But the regulatory and permitting environment for the industry can be fixed, Anja-Isabel Dotzenrath, head of Gas and Low Carbon Energy at BP, said on the conference, as carried by Reuters. Currently, the U.S.

“Equinor and BP are assessing the impact of the decision on these projects and future development plans,” BP said. Norway’s Equinor, which is BP’s partner in the ventures, recognized a $300 million impairment to its offshore wind projects on the US North East Coast following the rejection of petitions related to offtake agreements. “Offshore wind projects on the US Northeast Coast are negatively impacted by cost inflation and supply chain constraints.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 34. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

The struggles of the offshore wind industryGovernments around the world have set ambitious targets to tackle climate change, but developers say power prices will have to rise to pay for it
Sumber: FT - 🏆 113. / 51 Baca lebih lajut »

BP Misses Q3 Earnings Forecast On Weak Natural Gas TradingBP reported lower-than-forecast earnings for the third quarter, with weak natural gas trading and a charge in offshore wind weighing on results.
Sumber: OilandEnergy - 🏆 34. / 68 Baca lebih lajut »