Incoming administration set to rejoin Paris climate pact, which will require a heavy lift for the energy sector; building trades and New Jersey make big new moves in offshore wind

States make moves to add total of more than 7,500 MW of planned built capacity and supporting infrastructure

With COVID-19 economic slowdowns, and the resulting drop in demand for oil, gas and electricity, the outlook for traditional energy sector growth and capital investment is dim, if not outright grim.

Push comes as pandemic causes steepest 1-month decline in U.K. and Europe construction indexes since 2009 recession, says IHS Markit.

Britain's 1.2-GW Hornsea 1 energy is matching fossil fuel power costs for the first time.