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(Reuters) National Grid booked a multi-million impairment charge on a paused U.S. wind project, but said on Thursday it was on track to invest 60 billion pounds ($79.74 billion) in energy networks through March 2029 and its results beat estimates. Its shares rose 2% to 1,038 pence by 0725 GMT, outperforming the wider market, which... Continue Reading →
(offshoreWIND.biz) The first floater for the Les Eoliennes Flottantes du Golfe du Lion (EFGL) floating offshore wind farm has been launched at the Port of Marseille Fos in France. Eiffage Métal, Smulders, and their subcontractor Geodis, in coordination with Ocean Winds, launched the wind farm’s first floating platform on the Fos-sur-Mer industrial site. The floater is now... Continue Reading →
(offshoreWind.biz) Equinor could abandon the Empire Wind 1 offshore wind project “in the coming days” if the stop-work order, issued by the US government soon after the project started offshore construction work, is not lifted, president of Equinor Renewables Americas, Molly Morris, recently shared in an interview. Morris told Politico that the standstill was costing the... Continue Reading →
(Reuters) - Britain has more than doubled funding available under a scheme seeking to spur investment in offshore wind projects to 544 million pounds ($721.78 million), after higher than expected demand, the government said on Friday. The country has put offshore wind at the heart of its 2030 clean energy plan and hopes to boost... Continue Reading →
(Reuters) EDP Renovaveis, the world's fourth largest wind energy producer, said on Thursday it expects core recurring profit to grow 13% in 2025 on the back of a solid operational performance, despite a 24% drop in net income in the first quarter. The renewables arm of Portugal's EDP said earlier that its first-quarter net profit fell to... Continue Reading →
(offshoreWIND.biz) Ørsted has discontinued the development of the UK’s Hornsea 4 offshore wind farm in its current form. The developer said the 2.4 GW project has faced rising supply chain costs, higher interest rates, and increased construction and delivery risks since the Contract for Difference (CfD) award in Allocation Round 6 (AR6) in September 2024.... Continue Reading →
(Reuters) Uruguay's state-run energy firm Ancap plans to launch a bidding round for natural hydrogen exploration and development by the end of the year, with offers expected in 2026, executives said on Wednesday. Ancap is also exploring a bidding round for carbon capture investment, to be launched potentially in 2027, the firm's representatives said at a conference... Continue Reading →
(OE) Offshore services provider DOF has announced an investment in a modular cable repair spread designed to expedite offshore wind operators’ response to cable faults. Engineered for compatibility across DOF’s fleet of 65 vessels, the system offers an industry-first combination of fleet-wide flexibility, road transportability, and rapid deployment capabilities. Developed in collaboration with engineering specialists,... Continue Reading →
(offshoreWIND.biz) The Regulatory Authority (RA) of Bermuda has commenced the procurement process for the island’s first offshore wind project. The RA is inviting developers to express their interest in building and operating the offshore wind project, which is expected to be rolled out in phases, beginning with an initial installed capacity of 60 MW, expanding... Continue Reading →
(Reuters) - Subsidiaries of energy major TotalEnergies have applied for an environmental permit for a $16 billion green hydrogen and ammonia project in southern Chile, a regulatory filing showed on Monday. The project, run by the Chilean subsidiary TEC H2 MAG, is expected to begin operations in 2030 and includes a wind farm, seven electrolysis centers... Continue Reading →
Brazil Energy Insight 