SAPPORO, Japan—The Group of Seven (G-7) rich nations on Sunday set big new collective targets for solar power and offshore wind capacity, agreeing to speed up renewable energy development and move toward a quicker phase-out of fossil fuels. But they stopped short of endorsing a 2030 deadline for phasing out coal that Canada and other…

The Biden administration announced on Feb. 22 that it has proposed the first-ever offshore wind lease sales in the Gulf of Mexico. The administration proposed leases in three areas, covering 300,000 acres, which it said could potentially generate enough clean energy to power nearly 1.3 million homes. The announcement comes as three congressmen and more…

A sudden fall in wind output triggered a spike in power prices in the United Kingdom, the world’s second-largest market for offshore wind power. At the Epex Spot SE, some hourly power contracts rose above £1,200 ($1,445.92) per megawatt-hour on Tuesday, according to Bloomberg. Power prices for the 7:30–8:00 p.m. slot on Monday traded at…

Commentary The first offshore wind farm in the United States was supposed to have signaled a turning point in the green energy revolution. Instead, officials have spent the last five years mired in equipment failures and struggling to respond to concerns about potential environmental damage. Block Island is Solyndra all over again—except this time, wasted…

Speaking at a wind industry conference held by the American Clean Power Association, Secretary of the Interior Deb Haaland announced plans by the Bureau of Ocean Energy Management (BOEM) to arrange seven offshore lease sales along the U.S.’ coastlines by 2025, in line with the Biden administration’s executive order, “Tackling the Climate Crisis at Home…

Speaking at a wind industry conference held by the American Clean Power Association, Secretary of the Interior Deb Haaland announced plans by the Bureau of Ocean Energy Management (BOEM) to arrange seven offshore lease sales along the U.S.’ coastlines by 2025, in line with the Biden administration’s executive order, “Tackling the Climate Crisis at Home…

The Biden administration on Monday unveiled a goal to expand the nation’s fledgling offshore wind energy industry in the coming decade by opening new areas to development, accelerating permits, and boosting public financing for projects. The plan is part of President Joe Biden’s broader effort to eliminate U.S. greenhouse gas emissions to fight climate change,…