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(OED) French energy major TotalEnergies, in partnership with Simply Blue Group, has secured a marine license for the 100MW Erebus project, Wales' first planned floating wind farm. The project is owned by Blue Gem Wind, the joint venture between TotalEnergies and Simply Blue Group. Erebus is located approx 40km off the Pembrokeshire coastline and is planned to... Continue Reading →
The U.S. administration on Wednesday proposed the first-ever offshore wind lease sale in the Gulf of Mexico, as part of the government's plan to spur offshore wind deployment beyond the East Coast. The proposed sale is part of the leasing path announced by Secretary Haaland in 2021 to meet the Biden-Harris administration’s goal to deploy 30 gigawatts... Continue Reading →
(Reuters) - Spain's biggest utility Iberdrola (IBE.MC) expects its net profit to increase by 8% to 10% this year from 2022, it said on Wednesday, discounting the country's windfall tax that would cut the growth rate to the mid-single-digit. Following Russia's invasion of Ukraine a year ago, energy markets in Europe hit record highs, adding to economic... Continue Reading →
(OED) The floating offshore wind industry is in its early stages of development but is poised for rapid growth, with full commercialization possible in a little over a decade, according to a recent DNV survey. However, the industry faces challenges, including a lack of port infrastructure and anchor handlers, high cost, as well as an... Continue Reading →
(Reuters) - French energy company Engie (ENGIE.PA) reported a sharp increase in its annual profit, helped by higher natural gas and power prices in the wake of Russia's invasion of Ukraine. The company said its net recurring income for 2022 totalled 5.2 billion euros ($5.55 billion), up from 2.9 billion euros in 2021. Full-year earnings before tax... Continue Reading →
(OW) Denmark plans to put 9 GW of new offshore wind capacity out to tender by the end of the year in an effort to increase its offshore wind capacity fivefold by 2030, according to the country’s Ministry of Climate, Energy and Utilities. The government and the authorities are working to ensure that there is... Continue Reading →
Seaway 7 has been awarded a contract for the transport and installation of cables on the Hai Long offshore wind farms in Taiwan. Under the contract, Seaway 7 will be responsible for the transport and installation of inter-array cables, the respective cable protection systems, and four export cables. The export cables will connect the offshore... Continue Reading →
The Netherlands-based Fugro has signed a letter of intent to optimise and perform a site characterisation programme for undisclosed offshore wind development on the U.S. East Coast. The programme is focused on accelerating the construction and operations permitting process and represents Fugro’s latest work on the U.S. East Coast. Fieldwork will being in the second... Continue Reading →
Offshore installation firm DEME Offshore will need to deploy its special drilling technology again to install offshore wind monopiles at an offshore wind farm in France, due to rough ocean conditions and a rocky seabed. The company recently secured two deals for the transportation and installation contracts for the foundations and the offshore substation for the Yeu... Continue Reading →
Norway's METCentre, a floating wind test center, has just signed a Memorandum of Understanding with the Portuguese offshore wind player WavEC. WavEC provides commercial services for wind farm developers and is a shareholder of the Aguçadoura test site, which has been a central testing area in the development of offshore renewable technologies. The MOU was... Continue Reading →
Brazil Energy Insight 