Norwegian energy major Equinor, together with its partners, will inaugurate today the world’s largest floating offshore wind farm, Hywind Tampen, according to Reuters. The Hywind Tampen floating offshore wind farm will be officially opened today by Prime Minister Jonas Gahr Støre and HRH Crown Prince Haakon of Norway. Equinor’s partners on this project include Petoro, OMV, Vår Energi,... Continue Reading →
Revolution Wind: US Approves Fourth Major Offshore Wind Project
(OE) The U.S. Department of the Interior's Bureau of Ocean Energy Management (BOEM) on Tuesday approved the construction of a 704-megawatt (MW) wind farm off the coast of Rhode Island, the fourth major offshore wind project the agency has greenlit as the Biden administration tries to meet a goal of bringing 30 gigawatts (GW) of... Continue Reading →
US Offshore Wind: Long-term Outlook Bright Despite Short-term Concerns
(OE) While trouble areas continue to emerge in the young U.S. offshore wind industry, analysts at Intelatus Global Partners maintain an optimistic outlook for the industry in the long term. The business intelligence and consulting firm said in its latest U.S. Offshore Wind Report that it sees long-term foundations for the U.S. offshore wind sector... Continue Reading →
Mainstream, Ocean Winds to Develop 500MW Floating Offshore Wind Site in Scotland
(OE) Renewable energy firms Mainstream Renewable Power and Ocean Winds have partnered to develop a second ScotWind floating offshore wind site of 500 MW east of Shetland, expanding the overall footprint of the Arven Offshore Wind Farm to 2.3 GW. Arven comprises two sites. The first is the 1.8 GW site east of the Shetland... Continue Reading →
WoodMac: Offshore Wind Supply Chain Struggles Threaten Global Targets
The global offshore wind supply chain will require US$ 27 billion of secured investment by 2026 if it is to meet a fivefold growth in annual installations (excluding China) by 2030, according to energy intelligence group Wood Mackenzie. This figure is based on Wood Mackenzie’s base case outlook which forecasts annual capacity additions to hit... Continue Reading →
US Moves Closer to Oregon (Floating) Offshore Wind Lease Sale
(OW) The US Bureau of Ocean Energy Management (BOEM) has identified two draft Wind Energy Areas (WEAs) offshore southern Oregon with which the federal agency plans to move forward and offer them in a lease sale, expected to take place in the first quarter of 2024. Avangrid, Ocean Winds, BlueFloat Energy, and Mainstream Renewable Power, as well... Continue Reading →
Baker Hughes and Marine Power Systems shake hands to electrify oil & gas
Baker Hughes and Marine Power Systems (MPS) have set up a partnership to work together on delivering integrated solutions for the electrification of oil & gas facilities and their supporting subsea systems. According to the partners, meeting global net-zero targets requires a dual strategy where efficiency improvements are implemented today while also investing in new... Continue Reading →
Petrobras on FPSO Anita Garibaldi
Petróleo Brasileiro S.A. – Petrobras informs that it put into production, this Wednesday, 08/16/2023, the Anita Garibaldi platform ship in the Campos Basin. Of the FPSO type (floating system that produces, stores and transfers oil), the unit will operate simultaneously in the post-salt and pre-salt of the Marlim and Voador fields. With a capacity to... Continue Reading →
Brazil Offshore Wind wants industrial policy to guarantee demand
(epbr) As of July 14, IBAMA had applications for licensing for 78 offshore wind projects, adding up to 189 GW of capacity with the installation of around 13,000 turbines on the Brazilian coast – this is almost the total power of energy installed in the entire country (194 GW). To get the projects off the... Continue Reading →
BP Backs Green Hydrogen Start-Up
(Reuters) BP has invested in a start-up company developing technology seeking to use vapour from heavy industry to sharply reduce the production costs of zero-carbon hydrogen. BP Ventures, the British energy giant's venture capital arm, was among several investors in a $12.5 million Series A financing in U.S.-based Advanced Ionics, the companies said on Tuesday.... Continue Reading →