The Network · 2026-04-15 13:22:21 · Bloomberg Markets
A new lawsuit targeting the Vineyard Wind project has plunged the US offshore wind sector into deeper turmoil, exposing the severe legal and financial headwinds threatening its future. This dispute is not an isolated incident but a stark signal of the mounting, systemic challenges confronting an industry that Democrati...
The Network · 2026-04-21 10:22:27 · Bloomberg Markets
French energy giant Engie SA is negotiating with the Trump administration to hand back its U.S. offshore wind leases, a direct concession to the President's opposition to such projects. CEO Catherine MacGregor confirmed the discussions, revealing a major energy company is actively considering exiting a strategic renewa...
The Vault · 2026-04-27 10:24:08 · Bloomberg Markets
A major offshore wind project operated by SSE and TotalEnergies has delayed activating a government contract designed to cap electricity prices, opting instead to sell power directly into the market at potentially higher rates. The decision highlights ongoing friction between commercial energy operators and the UK's re...