Duke Energy surrenders North Carolina offshore wind lease to federal government for $129 million
Duke Energy agreed to terminate its Brunswick County offshore wind lease and return it to the US Department of Interior in exchange for approximately $129 million in partial reimbursement, according to multiple trade-press reports. The deal marks another instance of the Trump administration buying back offshore wind rights rather than permitting development to proceed. For asset managers and insurers, the settlement establishes a precedent price signal for lease buybacks and signals continued federal pressure on US Atlantic offshore pipelines. Utility Dive notes the reimbursement was described as only 'partial', leaving Duke to absorb remaining sunk costs.
Read at Google News (EN)Trump crackdown extends to Massachusetts offshore wind projects, leaving pipeline in limbo
Recharge News reports that the Trump administration's actions have left Massachusetts offshore wind procurements in an uncertain state, with previously contracted projects unable to advance amid federal permitting and lease pressure. A separate Recharge News report also covers the administration widening its renewables crackdown to New York solar projects, signalling a broader pattern of federal intervention across the US clean energy pipeline. Operators and asset managers with US East Coast offshore exposure face compounding regulatory risk as procurement timelines remain suspended. The Eagle-Tribune similarly reports that once-active offshore power procurements in the region 'remain on ice'.
Read at Recharge NewsSiemens Gamesa blade breaks off at Ørsted Denmark wind farm during lightning storm
A blade detached from a Siemens Gamesa turbine at an Ørsted onshore wind farm in Denmark over the weekend during stormy weather, Windpower Monthly reports. The incident is directly relevant to insurers and asset managers assessing blade loss risk exposure, particularly for fleets running Siemens Gamesa hardware in high-lightning environments. No injuries were reported in the available excerpt, but the event highlights ongoing structural risks associated with severe weather events. This type of blade-off incident typically triggers fleet-wide inspection protocols and can affect insurance coverage terms.
Read at Windpower MonthlyUS wind developers race 4 July tax credit construction-start deadline amid ongoing federal headwinds
Windpower Monthly analysis finds that many US wind projects have met the 4 July construction-start deadline required to qualify for federal tax credits, but warns that the coming years under the Trump administration still present significant obstacles. The deadline pressure has forced accelerated decisions on project commencement, with some developers moving to lock in credits before further legislative or executive changes. Asset managers evaluating US wind project economics should note that qualifying for credits does not insulate projects from subsequent permitting or grid-connection delays. The report frames the period ahead as structurally challenging regardless of the tax credit outcome.
Read at Windpower Monthly130 mph straight-line winds cause significant damage at South Dakota wind farm
A severe straight-line wind event generating speeds of approximately 130 mph caused notable damage to a wind farm in South Dakota, according to Oklahoma Energy Today. Straight-line wind events of this magnitude fall outside standard design load assumptions for most commercial turbine classes and are of direct relevance to insurers assessing catastrophic weather exposure in the US Great Plains. The incident adds to a pattern of extreme weather losses affecting wind assets and may prompt reviewers to reassess site-specific wind hazard modelling. No further operational details were available in the source excerpt.
Read at Google News (EN)Each 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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