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    Refiners Should Not Be Making Above Normal Profits- Biden

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    Cluster of Businesses Want The EU To Improve Energy Security

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    In A Move To Avert Blackouts Australia Halts Power Market

    Central American Development Bank commits $800 million toward the fuel relief effort

    Central American Development Bank commits $800 million toward the fuel relief effort

    A New 500-MW Supercritical Coal-Fired Power Plant Going into Operationa in Philippines

    EU Reduces Plans of Fossil-Fueled Electricity By One-Third

    BP to invest up to £18 billion in UK energy system by 2030

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    Array Technologies increased revenue 35% to US$872.7 million in 2020

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    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    TotalEnergies starts up its fourth solar power plant in Japan

    ACCIONA Wind Energy

    ACCIONA Energia to supply 100% renewable energy to Grupo Violas in Portugal

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    Fermi Energia Selects GE Hitachi Nuclear Energy BWRX-300 Small Modular Reactor for Deployment in Estonia

    Atlas and Hitachi to develop energy storage systems for renewable projects

    Nine New Countries Sign Up for Global Offshore Wind Alliance at COP27 in Sharm El-Sheikh

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    United Kingdom Onshore Wind Generation Has Now Reached 37GW

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US Authorities Seek To Reduce Regulations On Offshore Wind

in News, Wind Energy
US Authorities Seek To Reduce Regulations On Offshore Wind

In order to improve the nation’s capacity to achieve its climate goals, the US Department of the Interior (DOI) presented a proposal for reducing current regulations for overseas wind installations in the US Outer Continental Shelf on January 12, 2023.

According to DOI, the proposed guidelines will try to modernise existing standards and save developers over USD 1 billion (EUR 932.9m) over another 20-year period. In particular, it entails reducing some restrictions for the establishment of meteorological lighthouses in order to streamline cumbersome processes, make clear unclear regulations, and minimize compliance costs.

Along with changes to the rules governing renewable energy auctions, the plan also calls for improving the installation confirmation and technical repair processes.

According to Interior Secretary Deb Haaland, updating these laws will enable the secure and effective development of overseas wind-generating resources, provide assurance to developers, and assist in providing a decent return to US taxpayers.

The Bureau of Ocean Energy Management (BOEM) now maintains 27 active commercial leases and has conducted 11 wind leasing auctions. When winners for two properties across northern California were declared in December 2022, the most recent competition came to an end.

To help the nation reach its objective of installing 30 GW of overseas wind power by 2030, roughly four wind lease sales are scheduled to take place by 2025.

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