Duke to reinvest $129M after canceling NC offshore wind lease
The Trump administration and Duke Energy reached a deal ending the Carolina Long Bay offshore wind project and redirecting $129 million to new energy generation.
The US Department of the Interior, reports that TotalEnergies will instead invest approximately $1 billion in oil, natural gas, and LNG production in the United States.
Duke Energy sends report to utilities commission containing research that supports offshore wind is not cost effective.
President Donald Trump has issued an executive order that effectively halted the Biden administration's push to rapidly develop offshore wind development facilities. The order withdraws the Outer Continental Shelf (OCS) from offshore wind leasing and reviews the federal government’s leasing and permitting process for wind projects.
A new report from the Center for Food, Power, and Life estimates how much and what kinds of energy infrastructure North Carolina would need to instill in order to satisfy emissions reduction targets written in state law. When state lawmakers passed House Bill 951 a little over three years ago, they included timeline targets for...
The NC Energy Policy Council voted to approve its draft 2024 Biennial Report last week, in which it makes official recommendations to the state’s elected leaders, policymakers, and regulators. The report is currently open to public comment until Nov. 11, after which the Council will consider changes and vote for official approval and submission the...