The Interior Department has announced that Charlotte-based Duke Energy will terminate its offshore wind lease off Bald Head Island and “refocus” the $129 million taxpayer buyout back on fossil fuels and nuclear power.
wind energy
‘Too soon’ to see NC’s effects from a NextEra-Dominion deal
The potential $67 billion, all-stock merger of electric utilities, Virginia-based Dominion Energy and Florida-based NextEra Energy, could boost further renewable power development in northeastern North Carolina and create a massive utility, but whether it will be an overall good thing for the Tar Heel State remains to be seen.
UNCW Blue Economy Index fares better than its benchmarks
The University of North Carolina Wilmington Blue Economy Index, which measures oceans-based industry performance as compared to familiar stock exchange indices including the S&P 500 and S&P Industrials, saw less of a slide during March than they did.
Carolina Long Bay wind energy firm takes Trump buyout
The Interior Department’s announcement Monday that the developer of wind energy leases off the North Carolina and New York coasts had taken a $1 billion taxpayer buyout rather than proceeding marks a sharp pivot from the company’s previously stated position.
With court relief, work resumes on Virginia offshore wind
Dominion Energy’s 2.6-gigawatt Coastal Virginia Offshore Wind project, which was ordered by the Trump administration to stop work in December, is now on track for completion by early next year — but at a considerably higher cost.
NC State team develops simulation tool for offshore energy
North Carolina State University researchers have created a model that simulates wind, waves, tides and currents to help pinpoint areas best suited for various types of offshore energy generation.
UNCW Blue Economy Index dips 1.36% in November
The sector known as the Blue Economy — companies operating on oceans and waterways that are focused on environmental sustainability — still showed relative stability during the month, compared with industrial benchmarks.
Timbermill Wind celebrates becoming Chowan’s top taxpayer
The company’s annual payments to the county over the project’s 30-year lifespan are expected to total $50 million, and the infusion of revenue this year totals more than last year’s top nine taxpayers combined.
Fishermen, scientists differ on whale mortality, wind energy
Opinions up and down the North Carolina coast differ on the reasons behind rising numbers of Atlantic whale deaths, but marine researchers say the science is clear.
Renewable energy groups seek to gather input on projects
The Southeastern Wind Coalition and North Carolina Clean Energy Technology Center, which are part of the Carolinas Renewable Energy Development Assistance and Siting Hub, or DASH, rescheduled its Feb. 20 meeting in Bolivia for April 3.
As NC wind energy projects advance, uncertainty rules
In the wake of Trump’s executive order barring new offshore wind leases and requiring reviews of existing and permitted wind projects, industry supporters worry about what rules, permits or projects could be affected and the broader implications for manufacturers and the workforce.
Ports, suppliers in 40 states are invested in offshore wind
A new report from an ocean advocacy group finds that billions of dollars have been invested in U.S. ports in gearing up for or actively serving the offshore wind energy, which has created thousands of jobs, just as the new administration levels its anti-renewables sights at the industry.
Energy company secures financing for Chowan wind facility
Apex Clean Energy, based in Charlottesville, Virginia, has secured construction funding for the 45-turbine wind facility currently being built in Chowan County.
BOEM begins planning second Atlantic offshore wind lease
The Bureau of Ocean Energy Management is in the early stages of planning to determine new wind energy areas for the Central Atlantic region.
BOEM seeks public input on possible wind energy areas
Bureau of Ocean Energy Management officials are asking for feedback on possible commercial wind energy development in areas off the coasts of New Jersey, Delaware, Maryland, Virginia and North Carolina.
Chowan community embraces Timbermill Wind at kickoff
The governor, local officials, landowners and folks from around Chowan County turned out at the blade-signing event for the 45-turbine wind energy project that is being credited as a needed economic boost that sustains farming.
