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Eversource Energy has sold its 50% stake in the South Fork Wind and Revolution Wind projects to Global Infrastructure Partners' Skyborn Renewables. The sale resulted in a net loss of $520 million for Eversource, as they sold the interests for $745 million instead of the expected $1.12 billion. The South Fork Wind project has already completed construction, while the Revolution Wind project is expected to be operational by 2026. Eversource has now divested all ownership interests in the offshore wind business. [Extracted from the article]

The article provides a list of notable utility conferences that will take place in 2025. These conferences cover a range of topics including renewable energy trends, energy storage technology, AI energy consumption, electric vehicles, and energy innovation. Some of the highlighted conferences include the National Association of State Energy Officials Policy Outlook Conference, CERAWeek, DISTRIBUTECH, and the conference on offshore wind and ocean-based renewables. These conferences aim to bring together industry professionals, government officials, and stakeholders to discuss the opportunities and challenges in the clean energy sector. [Extracted from the article]

The Bureau of Ocean Energy Management (BOEM) has postponed its auction of two wind energy leases offshore Oregon due to a lack of bidder interest. Only one out of the five eligible bidders showed interest in the auction. The two lease areas offered a total capacity of up to 3.1 GW and would have been the first offshore wind auction in Oregon. BOEM will continue to collaborate with various stakeholders to explore future opportunities for offshore wind development in the state. The state of Oregon is currently in the process of developing a roadmap for offshore wind projects. [Extracted from the article]

The article discusses the need for vertical integration in the U.S. solar manufacturing industry in order to compete with China's dominance in the global market. China currently produces over 85% of the world's solar modules, cells, wafers, and polysilicon, making it difficult for other nations to compete. The concentration of polysilicon manufacturing in China poses a vulnerability to the solar supply chain, and the International Energy Agency recommends diversifying manufacturing and imports. The U.S. is making efforts to establish a complete solar supply chain, but there is a need for investment in ingot and wafer capacity. The article emphasizes the importance of speed in growing solar manufacturing capacity and highlights concerns about the surge of imports and dependence on China for renewable energy needs. [Extracted from the article]

The Solar Energy Industries Association (SEIA) has released a draft solar supply chain standard to help companies comply with U.S. Customs and Border Protection traceability requirements. This proposed standard is the first of its kind and aims to address forced labor in supply chains by developing a material traceability system. The solar industry is particularly vulnerable to unintentionally profiting from forced labor due to its reliance on imports. SEIA's Standard 101 provides a rubric for manufacturers and importers to trace product origins and is open for public comment until November 4th. [Extracted from the article]

The Solar Energy Industries Association (SEIA) has released a draft solar supply chain standard aimed at helping companies comply with U.S. Customs and Border Protection traceability requirements. This proposed standard is the first of its kind and provides guidance on conducting forced labor-focused due diligence and developing a material traceability system. The solar industry is vulnerable to unintentionally profiting from forced labor due to its reliance on imports, and the Uyghur Forced Labor Prevention Act has led to the seizure of over 1,000 shipments of solar imports. SEIA's Standard 101 provides a rubric for tracing product origins and is open for public comment until November 4th. [Extracted from the article]

The article focuses on the challenges facing the U.S. solar supply chain as it seeks to build domestic manufacturing capabilities. Topics include the impact of high interest rates and labor shortages, the complications introduced by government interventions such as tariffs, and the need for a skilled workforce to support growth in the solar industry.

The article focuses on the Department of the Interior's approval of US Wind's 2-gigawatt (GW) Maryland offshore wind project. Topics include the project's expected energy contribution to the Delmarva Peninsula, the administration's broader offshore wind goals and permitting achievements, and ongoing efforts to streamline the federal permitting process for clean energy projects.

The article focuses on BOEM's announcement of Oregon's first offshore wind lease sale. Topics include the auction of two areas totaling 195,000 acres with up to 3.1 gigawatts (GW) capacity, the five eligible bidders, and the requirement for floating wind technology to meet Oregon's 3 GW offshore wind goal by 2030.

The article reports that the Bureau of Ocean Energy Management has granted Maine its first floating offshore wind energy research lease, covering about 15000 acres and allowing up to 12 turbines with a total capacity of 144 Mega Watts. Topics include the goals of the research array, which are to enhance understanding of floating wind farms' integration with the marine environment, the role of the Maine Offshore Wind Initiative, and the future potential of offshore wind energy in deeper waters.

The article highlights a report stating that the Inflation Reduction Act's labor standard requirements could lead to the creation of approximately 3.9 million high-quality jobs across numerous clean energy projects. Topics include the potential job creation in battery and solar sectors, the role of labor unions, and the impact of IRA incentives on job quality and project efficiency.

The article presents the discussion on SunPower's bankruptcy, attributing it to high interest rates, accounting issues, and challenges from California's new net metering policy, which has affected the state's solar market. Topics include SunPower's financial troubles and market impact, the effects of California's net metering policy; and the broader implications for the U.S. residential solar industry.

The article presents the discussion on Bureau of Ocean Energy Management's latest offshore wind auction awarded leases with a combined potential capacity of up to 6 GW to Equinor and Dominion Energy, raising $92.65 million. Topics include investments in workforce training and fisheries mitigation resulting from the auction, the lease details and strategic significance for Equinor and Dominion Energy; and the timeline for the operational start of their respective wind projects.

The article presents the discussion on Vineyard Wind and GE Vernova's efforts to manage debris from a turbine blade failure by initiating controlled cutting to reduce further oceanic debris. Topics include ongoing assessment and cleanup of the damaged blade, the updated suspension order from the Department of the Interior allowing limited project activities; and the continued monitoring and response efforts to ensure safety and coordination.

The solar industry is divided over a petition filed with the U.S. International Trade Commission and the U.S. Department of Commerce by an alliance of solar manufacturers seeking new antidumping and countervailing duties on certain solar cell imports. Opponents of the petition are concerned that it could create instability in the solar market. The petition asks for duties on crystalline silicon solar cells imported from Cambodia, Malaysia, Thailand, and Vietnam. The petitioners argue that there is evidence of injury to the domestic industry, while opponents claim that the case is about cornering the market. The decision on whether the case moves forward will be made by the ITC on June 10. [Extracted from the article]

The U.S. Department of the Treasury has extended the applicability of the domestic content bonus credit to include hydropower and pumped hydropower storage facilities, as well as altering the definition for qualifying solar projects. The guidance also introduces a new safe harbor provision that allows project developers to calculate the domestic cost percentage using classifications and cost percentages provided by the IRS, rather than relying on data from manufacturers. The IRS is seeking input on the guidance modification and is asking for suggestions on other technologies that should be addressed and how cost percentages should be allocated for a mix of foreign and domestic components. The solar industry has expressed appreciation for the added clarity and certainty provided by the guidance. [Extracted from the article]