After years of delays, the U.S. offshore wind industry is picking up pace as states are pushing aggressive wind energy procurement goals. Massachusetts, Rhode Island and Connecticut recently contracted for offshore wind capacity totaling 1.4 GW. New York and New Jersey are making progress towards project solicitations. Massachusetts enacted legislation in 2016 setting an offshore wind energy target of 1.6 GW by 2027, and New York followed suit with a more ambitious goal of 2.4 GW by 2030. New Jersey went further committing to a 2030 target of 3.5 GW.
Full visual infographic: https://bit.ly/2xGmEFu
Recommended Reading
DXP Enterprises Buys Water Service Company Kappe Associates
2024-02-06 - DXP Enterprise’s purchase of Kappe, a water and wastewater company, adds scale to DXP’s national water management profile.
ARM Energy Sells Minority Stake in Natgas Marketer to Tokyo Gas
2024-02-06 - Tokyo Gas America Ltd. purchased a stake in the new firm, ARM Energy Trading LLC, one of the largest private physical gas marketers in North America.
California Resources Corp., Aera Energy to Combine in $2.1B Merger
2024-02-07 - The announced combination between California Resources and Aera Energy comes one year after Exxon and Shell closed the sale of Aera to a German asset manager for $4 billion.
Vital Energy Again Ups Interest in Acquired Permian Assets
2024-02-06 - Vital Energy added even more working interests in Permian Basin assets acquired from Henry Energy LP last year at a purchase price discounted versus recent deals, an analyst said.
DNO Acquires Arran Field Stake, Continuing North Sea Expansion
2024-02-06 - DNO will pay $70 million for Arran Field interests held by ONE-Dyas, and up to $5 million in contingency payments if certain operational targets are met.