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(Reuters) A perfect storm of supply chain delays, design flaws, and higher costs in the offshore wind industry has put dozens of projects at risk of not being delivered in time for countries to meet climate goals, industry executives, investors, and analysts said. The race to reduce reliance on fossil fuels is putting pressure on... Continue Reading →
The Northeast Consortium and the World Bank signed today (25) a memorandum of understanding with an eye on the development of projects focused on clean energy, water and sanitation, the environment and connectivity. Among the areas of action established in the document are projects related to the use of low-carbon hydrogen and the distribution of... Continue Reading →
The US has almost 53 GW of offshore wind projects in operation, development and planning stages. This could power more than 18 million US households if all the projects currently in development and planning are built. The US offshore wind pipeline reached 52,687 MW at the end of May 2023, with two offshore wind farms... Continue Reading →
(OE) Principle Power, a provider of floating foundation solutions for the floating wind industry, said Tuesday it had expanded its WindFloat product portfolio to two fully industrialized products: the existing WindFloat tubular design – now called WindFloat T – and the new flat panel, pontoon-based solution, known as the WindFloat F. Principle Power said both... Continue Reading →
(Reuters) - The Biden administration will complete its ambitious offshore wind leasing schedule on time next year, the Interior Department told Reuters, despite delays to preparatory work for the auctions and sagging demand from the industry. President Joe Biden’s White House is depending on rapid adoption of offshore wind to help decarbonize the U.S. power... Continue Reading →
(OE) The U.S. Bureau of Ocean Energy Management (BOEM) said Monday it had completed its environmental review of the proposed 3GW Coastal Virginia Offshore Wind (CVOW) commercial project, which BOEM estimates could power about 1 million households, if approved. “The completion of our environmental review marks another step towards a clean energy future—one that... Continue Reading →
SBM Offshore and Mitsubishi Heavy Industries (MHI) announced the signing of a partnership agreement that will offer a CO2 capture solution for platform ships (FPSOs). The agreement is the result of a successful engineering and design study between the companies, demonstrating the technical feasibility and commercial readiness of offshore CO2 capture technology. According to SBM,... Continue Reading →
(OM) Azule Energy, the joint venture between BP and Eni, and Equinor have signed a production sharing agreement for block 31/21 offshore Angola with the country’s National Agency of Petroleum, Gas and Biofuels. The award, related to Angola’s 2021/2022 Limited Offshore Licensing Round, covers a 4,500-sq km deepwater area in the Lower Congo basin, 170... Continue Reading →
(Reuters) Global investment of $2.7 trillion a year is needed to achieve net zero emissions by 2050 and avoid temperatures from rising above 1.5 degrees Celsius this century, a report by consultancy Wood Mackenzie said on Thursday. Scientists have said the world ideally needs to limit global average temperature rise to 1.5C this century to avoid catastrophic effects from climate change.... Continue Reading →
Wave Energy Scotland (WES), a subsidiary of Highlands and Islands Enterprise (HIE), is running tests at the University of Edinburgh’s FloWave facility, to determine the potential for floating platforms that can be used by both offshore wind and wave energy devices. The move has been prompted by a report by Offshore Wind Consultants (OWC) exploring the synergies... Continue Reading →
