UPDATE: Blade break was due to plant manufacturing error—not design, GE Vernova CEO said. As incident probes and cleanup of floating debris and fiberglass shards continue near the 806-MW, $3B Vineyard Wind project, market signs show offshore wind sector still has growth momentum.
New York officials have finalized new power purchase deals with developers Equinor and Orsted for respective 810-MW and 924-MW projects, while two land-based support hubs valued at about $1B achieve milestones and New Jersey accelerates its next wind procurement to start in mid-2025.