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 뉴스

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.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 34. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

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
출처: FT - 🏆 113. / 51 더 많은 것을 읽으십시오 »

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.
출처: OilandEnergy - 🏆 34. / 68 더 많은 것을 읽으십시오 »