U.S. Offshore Wind Sector Sees New Generation, Sale and Construction Approval

February 26, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Last week saw some big movement in the U.S. offshore wind sector, with several important announcements. Avangrid Incorporated (NYSE:AGR) (Orange, Connecticut) and Copenhagen Infrastructure Partners (CIP) (Copenhagen, Denmark) now have a portion of their joint-venture windfarm off the Massachusetts coast steadily providing power to the state's grid. Dominion Energy Incorporated (NYSE:D) (Richmond, Virginia) announced the sale of a 50% stake in the nation's largest planned offshore windfarm, and another large U.S. offshore windfarm received final approval to commence construction from federal authorities.

Other companies featured: Equinor (NYSE:EQNR), General Electric (NYSE:GE)