Cost bumps in U.S. offshore wind power construction are causing new impacts to projects and developers, but recent actions by some traditional energy sector firms indicate continuing commitment to a transition to renewables.
CEO Ian Edwards says new name cements market identity not tethered to past ethics scandals, legal battles and bottom line pressures of fixed-price construction, as Canada firm builds on its Atkins unit and new needs in changing energy and transportation niches.
The contractor does not "admit or deny" charges on legacy project accounting violations, says federal regulator, but it cooperated with financial reporting probe—as agency reached similar pact with former McDermott executives in June.
Incentives tied to craft worker compensation and apprenticeship on clean energy projects won't require developers to have project labor agreements, says the U.S. Treasury Dept.
Water systems, and their design and construction experts, boost efforts to eliminate contamination from ubiquitous 'forever’ chemicals, a key component of widely used firefighting foam runoff—as federal rules, technologies and costs catch up.
Germany-based RWE, which is developing offshore projects in New York and California, bid $5.6 million for its 102,000-acre site off Louisiana in the Aug. 29 Gulf of Mexico lease sale,
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