Trump Administration Strikes New Offshore Wind Lease Buyback Deal, Invenergy Agrees to Exit Four Projects

June 18 (offshoreWIND.biz) The US Department of the Interior (DOI) said on 17 June that it had reached an agreement with Invenergy under which the developer will relinquish four offshore wind leases in exchange for a USD 765 million (approximately EUR 664 million) reimbursement and redirect the capital into natural gas and geothermal energy projects.... Continue Reading →

Offshore Wind Ambitions Now Span Every Continent as First African Country Joins Global Alliance

June 17 (offshoreWIND.biz) Kenya has become the first African country to join the Global Offshore Wind Alliance (GOWA), marking a milestone for the global expansion of offshore wind. Announced at the eleventh Our Ocean Conference in Mombasa on 17 June, Kenya’s accession to GOWA positions Africa alongside Europe, Asia, North America, South America and Australia... Continue Reading →

TotalEnergies Plans $5.2 Billion Offshore Wind Project in Normandy

May 28 (oilprice.com) TotalEnergies has applied for authorization of France's biggest renewables project, a 1.5-GW offshore wind project off Normandy, which is estimated to cost $5.2 billion, the French supermajor said on Thursday. Eight months after the French government awarded the project to TotalEnergies, the group's wholly-owned project company Centre Manche Energies has officially applied for the... Continue Reading →

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