Articles from IBEW News

JERA Nex BP to Withdraw from Market, Halt Beacon Wind Investment

BP and JERA's joint venture JERA Nex BP is withdrawing from the US offshore wind market and halting investment in the Beacon Wind project off Massachusetts, citing unfavorable market conditions. All US-based team members will be laid off in coming months, though the company will maintain the Beacon lease for potential future development. Source: offshorewind.biz

7 Numbers That Explain Offshore Wind's Impact

New England states have invested over $390 million in offshore wind infrastructure since 2011, with Massachusetts alone spending on specialized ports and job training programs. The region's first two utility-scale offshore wind projects, Vineyard Wind and Revolution Wind, are under construction and expected to be fully online by early next year, though the industry faces significant uncertainty. Source: wbur.org

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