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(Reuters) Spanish power company Iberdrola is considering the sale of a stake in its U.S. renewables business to help to finance new investments, two sources with knowledge of the matter told Reuters. One of the sources said that Iberdrola had appointed a bank to work on a possible sale of a minority stake in the... Continue Reading →
(Reuters) - Charges unveiled by two offshore wind sector leaders highlight the challenges the fast-growing renewables industry is facing, ranging from quality issues to cost inflation, that are hitting profit outlooks. Denmark's Orsted (ORSTED.CO), the world's No. 1 offshore wind farm developer, late on Thursday announced a writedown on a large U.S. offshore wind project and... Continue Reading →
(Reuters) - Germany on Friday said it has drawn up new development plans for offshore wind turbine sites to reach a target for 30 gigawatts (GW) of installed wind power capacity by 2030. The plans by the Federal Maritime and Hydrographic Agency (BSH) will ensure that the target can be met, the Economy Ministry said... Continue Reading →
Bureau Veritas has been awarded the project certification of Arklow Bank Wind Park Phase 2, off the east coast of Ireland at Arklow, Co. Wicklow, following a competitive tender process. SSE Renewables, the owner of the project, will invest up to €2.5 billion to deliver the project, which is targeting operation in 2028. The company... Continue Reading →
EDP, a company that operates throughout the Brazilian electricity sector chain, launched in São Gonçalo do Amarante, Ceará, its green hydrogen production plant as part of the Pecém Research & Development project H2V, which had an investment of R$ 42 million. In December, the company had already generated the country's first green hydrogen molecule at... Continue Reading →
(OET) Netherlands-headquartered Fugro has revealed plans to carry out a remotely operated autonomous offshore wind farm inspection, said to be an industry first. Fugro will use its Blue Essence uncrewed surface vessel (USV) equipped with the Blue Volta fully electric remotely operated vehicle (ROV) to conduct the inspection early this year. The plan is to... Continue Reading →
(Reuters) - Shares in Danish energy company Orsted (ORSTED.CO) tumbled by more than 7% on Friday after announcing a writedown on a large U.S. offshore wind project and an earnings forecast for 2023 that fell short of analyst estimates. Despite rising demand for green energy, dark clouds are gathering over the offshore wind power industry as rising... Continue Reading →
(OET) Italy’s oilfield services provider Saipem has joined forces with MCS, an underwater technical and digital solutions company, to launch a new asset integrity management system for offshore energy operators, which the Italian giant sees as a further step towards the digital and sustainable transformation of the energy industry. Saipem disclosed this week that it has launched... Continue Reading →
Taiya Renewable Energy (TRE), an offshore wind power developer in Taiwan, said Thursday it would bid for the second phase of wind power zonal development and floating demonstration project in 2023. Taiya has invited local and foreign investors interested in the development of Taiwan's offshore wind power to cooperate with it. Taiwan's Ministry of Economic... Continue Reading →
Offshore installation company Jan De Nul said Thursday that Les Alizés, its next-generation heavy lift vessel, had sailed away from the CMHI Haimen Shipyard in China and is currently heading for Europe. The vessel was delivered by the shipyard on January 16 and departed Thursday. Les Alizés is designed for loading, transporting, lifting, and installing offshore... Continue Reading →
Brazil Energy Insight 