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(Reuters) - Brazil's first-ever auction to add batteries and storage systems to its national power grid, scheduled for later this year, is seen generating $450 million in investments, according to an estimate by consultancy firm Oliver Wyman. WHY IT'S IMPORTANT The batteries would be able to store energy from wind and solar power, renewable sources... Continue Reading →
(Reuters) Portugal's government has approved four areas in the Atlantic Ocean where offshore wind farms can be installed, moving a step closer to launching the first licensing auction of offshore capacity, which it plans this year. Two of the areas are off the coast of Viana do Castelo in northern Portugal, one near the port... Continue Reading →
(offshore-energy.biz) Isle of Man-headquartered oil and gas company Challenger Energy Group (CEG) is making progress in setting the stage to embark on a formal farm-out process later this year for a shallow water exploration block off the coast of Uruguay. As the firm is also expected to make up its mind about assets in Trinidad and... Continue Reading →
(OE) Portugal is beckoning a new era for offshore wind after officially signing ‘rules of procedure’ for a new Technological Free Zone located off the coast of Viana do Castelo. The news was announced during an international conference in Lisbon promoting offshore wind supply chain development between Portugal and Norway. Addressing the delegation, Portugal’s Secretary... Continue Reading →
(offfshoreWIND.biz) All companies that submitted applications to participate in Colombia’s first offshore wind tender have been pre-qualified, meeting legal, financial, and technical requirements. The announcement was made on 9 December by Colombia’s National Hydrocarbons Agency (ANH). Among the companies included in the preliminary list of qualified bidders are energy giants from Belgium, the UK, Spain, and... Continue Reading →
Delmar Systems has been selected to deliver mooring scope for TotalEnergies’ Culzean floating wind pilot project, which will supply renewable electricity to an offshore oil and gas platform in the North Sea. Delmar Systems was hired by Archer Wind, which secured a contract from TotalEnergies in August 2024 for the delivery of floating wind foundation... Continue Reading →
(Reuters) - The bill that regulates offshore wind power generation in Brazil advanced in the Senate on Tuesday with approval in the Infrastructure Committee, with a vote scheduled for the plenary session of the House on Wednesday. Bill 576/2021, which is on the voting agenda, has been heavily criticized by the electricity sector due to... Continue Reading →
(Reuters) - Denmark's failure to attract any bids in an offshore wind power tender last week stems from a rigid auction model, a failure to adapt to a changed economic reality for renewable energy projects and rising competition, analysts said on Friday. The outcome was a blow to Denmark, home to turbine maker Vestas and offshore wind... Continue Reading →
(offshoreWIND.biz) With projects in pre-construction, under construction and undergoing permitting, the US offshore wind industry is getting busier by the day. Over the past week, updates on project milestones, contracts and permitting made the news on offshoreWIND.biz. Catch up with these stories in our recap 👇 Sif Produces First Empire Wind 1 Monopile in Netherlands... Continue Reading →
(Reuters) U.S. oil major Exxon Mobil and partners are continuing to negotiate with Guyana's government on the terms for developing a shallow-water oil block, an Exxon spokesperson said on Monday. Exxon, Hess and CNOOC won offshore block S8 in a bidding round launched in late 2022 by President Irfaan Ali's administration. The group remains interested... Continue Reading →
Brazil Energy Insight 