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(OWB) EDF Renewables has acquired the Newcastle Offshore Wind (NOW) floating offshore wind project that is under development in New South Wales, Australia. Initial project developers Newcastle Offshore Wind Energy Pty Ltd (NOWE) have almost ten years of experience on the project, working closely with the EDF Renewables’ team in Australia for the last twelve... Continue Reading →
(OWB) IberBlue Wind, the joint venture created to promote floating offshore wind farms in the Iberian Peninsula, has revealed its first project for Portugal – a floating offshore wind farm off the coast of Figueira da Foz. Called Botafogo, in honour of the Portuguese galleon that was built in the 16th century and became known... Continue Reading →
(OWB) Spanish company Ferrovial and German offshore wind developer RWE have signed a Memorandum of Understanding (MoU) to explore the joint development, construction and operation of floating wind farms in Spain, where Ferrovial has so far submitted expressions of interest (EoIs) for four projects totaling almost 1.8 GW. According to a press release from RWE,... Continue Reading →
(Reuters) - Norway's Equinor (EQNR.OL) and German energy group EnBW (EBKG.DE) plan to jointly develop offshore wind farms in Germany, the two companies announced on Friday. Germany, which seeks to cut its reliance on fossil fuel, in November raised its national renewable energy target to 80% of power generation by 2030, and aims to accelerate onshore wind installations to over 12 gigawatt (GW) per year... Continue Reading →
(Reuters) Companies working on a $300 million logistics facility in Guyana that will support offshore oil operations said on Wednesday the shore base will help reduce shipping costs for supplies by as much as 12% by allowing larger supply vessels to dock. A consortium consisting of U.S. companies Exxon Mobil Corp and Hess Corp and... Continue Reading →
(Reuters) BP is set to hire over 100 employees to its offshore wind division as the energy company rapidly expands its operations in the fast-growing sector around the world. The hiring process will begin in the coming weeks, as part of BP's ambition to double the size of the offshore team to 800 employees over... Continue Reading →
(OED) Siemens Gamesa and the Japanese shipping and logistics company NYK have signed a time charter contract for a crew transfer vessel (CTV) that will be used at an offshore wind farm in Japan. The CTV will be owned by NYK and managed by Hokkaido-based Hokuyo Kaiun Co., Ltd., an NYK Group company. The vessel... Continue Reading →
(TXF) Delays and project cost overruns from the pandemic have meant lenders and sponsors of the Yunlin offshore wind farm in Taiwan are scrambling to remedy the project’s financial woes. ECAs may push out the tenor envelope to ease the pressure - but concrete solutions are yet to be realized. The fledgling Taiwanese offshore wind... Continue Reading →
(OE) TotalEnergies and Corio Generation have signed a joint venture partnership to develop the Formosa 3 offshore wind farms in Taiwan. Corio will remain the majority shareholder and lead developer with 50% plus 10 shares overall in project. The announcement comes after Taiwan’s Bureau of Energy confirmed in late December 2022 that Formosa 3’s Haiding... Continue Reading →
(Reuters) - Vietnam may not have a legal framework to regulate offshore wind farms until next year, a European Union business representative said on Thursday, a delay that could stall billions of dollars of foreign investment in the sector. Vietnam has big offshore wind power potential given the strong winds and shallow waters near coastal... Continue Reading →
Brazil Energy Insight 