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(OW) The Crown Estate has reported a record net revenue profit of GBP 442.6 million (around EUR 512 million) for the financial year 2022/23 thanks to earnings from option fees that the developers of the Round 4 offshore wind farms started paying this year. Offshore wind has also boosted the value of The Crown Estate’s... Continue Reading →
(OW) OX2 and Ingka Investments have signed their third conditional agreement with a supplier for two of their offshore wind projects in Sweden, Triton and Galene, this time with Hitachi Energy for high-voltage equipment and systems, and power quality solutions for two onshore substations and up to eight offshore substations. The two project owners are... Continue Reading →
(Reuters) - Brazil aims to pass a regulatory framework for offshore wind and green hydrogen by the end of this year, the country's energy minister told Reuters on Tuesday, as Latin America's largest nation seeks to unlock new sectors to power its energy transition. Leftist President Luiz Inacio Lula da Silva has staked his international... Continue Reading →
Lhyfe, a green hydrogen production specialist, said Tuesday that its offshore green hydrogen production pilot Sealhyfe recently started producing green hydrogen in what the company said is a world first. The Sealhyfe platform was recently towed 20 kilometers out into the Atlantic, off France, and connected with the SEM-REV power hub. "As of June 20... Continue Reading →
(OW) Fugro will expand its regional centre of expertise for offshore wind, located in Norfolk, Virginia, as the company’s Virginia operations have grown over the past decade with the increase in the number of offshore wind projects on the US East Coast. The expansion, which was announced by Virginia Governor Glenn Youngkin on 26 June,... Continue Reading →
Offshore engineering services firm DORIS has secured a second Front-end Engineering Design (FEED) contract for the Gray Whale 3 floating offshore wind farm in South Korea. The scope of the FEED includes the project’s full electrical and communications system to the grid connection, array and export cabling, and all aspects of the fixed offshore substation... Continue Reading →
Renexia, the company behind Italy’s first offshore wind farm and the first to be built in the Mediterranean Sea, has contracted Seas Geosciences to study the most environmentally sustainable mooring and anchoring solutions for Med Wind, a 2.8 GW floating wind project proposed to be built in the Strait of Sicily. Seas Geosciences, part of Sealaska’s Woocheen... Continue Reading →
In the first volume of the World Energy Transitions Outlook (WETO) 2023, the International Renewable Energy Agency (IRENA) calls for raised global ambition in renewables deployment. The WETO 2023: 1.5°C Pathway positions electrification and efficiency as key transition drivers, enabled by renewable energy, clean hydrogen, and sustainable biomass and tracks implementation across all energy sectors.... Continue Reading →
(Reuters) Siemens Energy saw $6.3 billion wiped off its market capitalization on Friday after warning that the impact of quality problems at its Siemens Gamesa wind turbine business would be felt for years. The group scrapped its 2023 profit outlook late on Thursday after a review of its wind turbine division exposed deeper-than-expected problems that... Continue Reading →
(OW) Freja Offshore, a joint venture between Hexicon and Mainstream Renewable Power, has submitted an application for an offshore wind farm in Sweden that could have an installed capacity of between 2 GW and 2.5 GW and, according to the project’s consultation document, could feature wind turbines of up to 30 MW per unit. The... Continue Reading →
Brazil Energy Insight 