Welcome to “Extreme Makeover,” the offshore wind edition.
The year is not two months old, but the U.S. industry bears little resemblance to the one that finished 2023 with a thud. Breakups and reconsidered commitments caused by hard financial times are leading to a restructured offshore wind sector with shrunken ambitions.
The marriage of oil giants BP and Equinor? It’s over, reshuffling three proposed New York offshore wind projects.
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The relationship between Ørsted and Eversource Energy? Done. The Danish wind titan and the New England utility teamed up on three projects in the Northeast.
