The Biden administration announced Tuesday that it is moving forward with the nation’s first large-scale offshore wind project, a significant step toward achieving President Joe Biden’s goal of increasing US renewable energy production.
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Windlift, the Triangle-based engineering and computing firm focusing on developing aircraft that serve as airborne power generators (APGs), has raised the first $115,000 of a targeted $1 million from four investors, according to an SEC filing.
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A wind farm that is scheduled to be built off North Carolina’s Outer Banks is projected to create nearly 200 full-time jobs in Virginia and North Carolina.
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BP is moving into offshore wind power for the first time with a $1.1 billion investment in the United States, as the company pushes into clean energy following a century of oil exploration.
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Wind and solar costs have plunged so rapidly that 74% of the US coal fleet could be phased out for renewable energy — and still save customers money, according to a report released on Monday by Energy Innovation, a nonpartisan think tank.
Read MoreAT&T will purchase wind power from two wind farms that is equivalent to removing more than 350,000 passenger vehicles from roads or to provide electricity to some 250,000 homes .
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