US pays Duke Energy $129M to surrender undeveloped North Carolina offshore wind lease; California sues over federal buyback programme
The Trump administration has agreed to pay Duke Energy $129 million to terminate its offshore wind lease off Brunswick County, North Carolina — a lease Duke had no active development plans for, according to RTO Insider. The deal is the latest in a series of federal buyouts that Recharge News reports are shrinking the US offshore wind pipeline. Separately, California has filed suit against the Trump administration over the broader buyback programme, per ESG Dive. For asset managers and insurers with US offshore wind exposure, the pattern of compensated lease surrenders raises questions about pipeline viability and residual asset values.
Read at Recharge NewsWood Mackenzie flags 92 GW of US renewable capacity at permitting risk as stalled federal approvals threaten $121 billion in investment
Wood Mackenzie has identified 92 GW of US renewable energy capacity facing permitting uncertainty under current federal policy, according to reNEWS. A separate report cited by energynews.pro estimates stalled permits put $121 billion in renewable investment at risk. For operators and asset managers, the figures quantify the potential scale of project delays beyond offshore wind into the broader US renewables pipeline. The combination of lease buyouts and permitting gridlock represents a material risk factor for portfolio planning.
Read at reNewsRecharge News maps 16 UK repowering projects selected to address wind fleet ageing
Recharge News has published an interactive map identifying 16 projects chosen under UK initiatives aimed at addressing end-of-life and underperforming wind assets. The piece signals growing momentum in the UK repowering pipeline, which is relevant to asset managers assessing remaining useful life and insurers underwriting ageing turbine fleets. Repowering decisions carry distinct operational and coverage implications compared with greenfield development.
Read at Recharge NewsSiemens Gamesa blade shipment incident timeline published; South Dakota wind farm sustains critical damage in 131 mph storm
Recharge News has published a detailed timeline of how the Siemens Gamesa blade shipment disaster unfolded, providing operators and insurers with a sequenced account of events relevant to supply-chain risk and blade logistics liability. Separately, a wind farm near Highmore, South Dakota sustained critical damage following 131 mph winds, prompting a governor-level state response, according to South Dakota Searchlight and Energy News Beat. The South Dakota event underscores the exposure of operating wind assets to extreme weather events and the potential for large loss notifications.
Read at Recharge NewsGermany onshore wind auctions clear multiple rounds; South Korea names preferred bidder for 800 MW offshore tender
Germany's latest onshore wind auction rounds saw awards to Qualitas (113 MW), PNE (108 MW), ABO (61.4 MW), and European Energy (125 MW), according to reNEWS, indicating continued activity in one of Europe's most active onshore markets. In Asia, South Korea's Jeonbuk state has named a Korean consortium as preferred bidder for an 800 MW offshore wind tender, as reported by both Recharge News and offshoreWIND.biz. These results are relevant to asset managers tracking European onshore pipeline depth and to those monitoring offshore development momentum in Northeast Asia.
Read at Recharge NewsEach item is generated by AI from publicly available wind-energy press, with the source cited. Headlines and summaries are written by a language model and may contain errors — always check the source link. The briefing does not promote Turbit, its products, or any other predictive-maintenance vendor.
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