US Energy Dept. officials selected 20 projects to receive financial support under the Transmission Siting and Economic Development Grant Program created by the Inflation Reduction Act.

U.S. Treasury Dept. expands criteria for developers to qualify for larger tax incentives, as first US three-state offshore wind procurement in New England ends with four bids for 6.8 GW offered.

Project represents a big advance in deploying Principle Power's three-legged WindFloat wind turbine platform, firm says.

The Danish offshore wind developer reduced its 2030 renewable energy capacity goal from 50 GW to 35-38 GW.

Officials have increased the maximum strike price for future projects following September auction that had no lease site bidders.

Major wind developer, and others that include giant Equinor, predict millions in writedowns as first projects face tough economics, but proponents see a solid market that needs government attention to current obstacles.

UK officials blame inflation, but offshore wind sector leaders point to the government-set pricing.