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(Reuters) - Governments have decided to pay up to revive offshore wind farm developments after rising costs put at risk multiple projects that are needed to help them cut emissions and reach climate targets. Many countries are relying on a huge and rapid build-out of offshore wind farms which have high upfront costs but over... Continue Reading →
(OE) U.S.-based offshore wind developer Vineyard Offshore on Monday announced it has named Alicia Barton as the company’s new CEO, starting in January. Barton will take over for Lars T. Pedersen, who has led the company since it was founded in 2022 and before that led the team developing Vineyard Wind, the first commercial-scale offshore wind project in the United... Continue Reading →
(OW) Danish wind turbine maker Vestas has received a type certificate for its V236-15.0 MW offshore wind turbine. The prototype was installed at the Østerild National test centre for large wind turbines in Western Jutland, Denmark in December 2022. Three months later, the wind turbine reached its nominal power rating of 15 MW. In August, the unit... Continue Reading →
(Reuters) New York released a new offshore wind solicitation on Thursday to keep the state on track to meet its renewable energy goals and support a nascent industry that has faced financial trouble in recent months. Offshore wind is expected to play a major role in New York's plan to reduce carbon emissions by getting 70% of... Continue Reading →
(OE) Vestas has received a 203MW order to power an undisclosed wind project in the US. The order consists of 45 V163-4.5MW wind turbines. The orders include supply, delivery, and commissioning of the turbines, as well as a multi-year Active Output Management 5000 (AOM 5000) service agreement, designed to ensure optimized performance of the asset. Turbine delivery begins in the... Continue Reading →
(Reuters) International energy companies, from Germany's RWE to Spain's Iberdrola, are urging Japan to beef up offshore wind power auctions and make investments more attractive, amid soaring installation costs as competition for suppliers grows worldwide. Although desperate to ease its heavy dependence on energy imports from the Middle East and Russia, Japan is coming late to offshore wind,... Continue Reading →
(OE) Floating platform developer Gazelle Wind Power has appointed clean energy finance industry expert Álvaro Ortega as Chief Financial Officer (CFO). Ortega is the former Vice President of Finance at Avangrid Inc., a publicly traded company on the NY Stock Exchange and the U.S. subsidiary of global energy leader Iberdrola. “Finding someone with a track record like Álvaro’s is... Continue Reading →
(OW) Ørsted has secured an Electricity Business License (EBL) from the Ministry of Trade, Industry and Energy of the Republic of Korea for the 1.6 GW Incheon offshore wind project. The license grants Ørsted exclusive development rights for its gigawatt-scale Incheon offshore wind project which is set to become the largest in Korea on completion... Continue Reading →
(OE) Equinor has announced the name of its floating offshore wind project off the coast of California, Atlas Wind. The lease area, which lies 60 miles from Morro Bay, has the capacity to provide over 2GW of reliable, renewable power, enough to power 1.7 million California homes once complete. California is poised to become a growing force... Continue Reading →
Crown Estate Scotland has confirmed that seven offshore wind projects have signed Exclusivity Agreements as part of the Innovation and Targeted Oil & Gas (INTOG) leasing round. The seven projects join the five Innovation projects that secured Exclusivity Agreements earlier this year, bringing the number of INTOG projects to 12 out of the 13 agreements... Continue Reading →
Brazil Energy Insight 