(OM) Ørsted has taken FID on the 704-MW Revolution Wind project offshore Connecticut and Rhode Island, a 50:50 joint venture with Eversource. Onshore construction has started, and offshore construction will get underway in 2024, with the project expected to be completed and fully operational in 2025. The wind farm will cover an area 32 miles southeast of the Connecticut... Continue Reading →
Prysmian hits dynamic cables milestone
(OET) Prysmian Group has completed the pre-termination phase for the dynamic cables destined for a floating offshore wind farm off the coast of France – said to be the company’s first turnkey project of a dynamic cables system for a floating wind farm. Prysmian announced the completion of the dynamic cables’ pre-termination phase for the Provence Grand Large floating wind farm,... Continue Reading →
Orsted Records $4B in Impairments, Stops Development of Some US offshore Wind Projects
(Reuters) Denmark's Orsted said on Wednesday it had recorded a 28.4 billion Danish crowns ($4.03 billion) impairment charge for the first nine months of 2023, and that it will cease work on its U.S. offshore wind projects Ocean Wind 1 and 2. The world's largest offshore wind farm developer has made a final investment decision on Revolution... Continue Reading →
Portugal Launches Initial Phase of Offshore Wind Tendering Process
(OW) The Portuguese government launched the initial stage of the offshore wind competitive procedure on 31 October by issuing a call for expressions of interest (EoIs) that will stay open until 14 November. An expression of interest is not binding and does not constitute a precondition for proceeding with the remaining stages of the competitive... Continue Reading →
US Approves Dominion Energy’s 2.6 GW Coastal Virginia Offshore Wind Project
The US Department of Interior (DOI) has approved the construction and operations plan (COP) for Dominion Energy’s 2.6 GW Coastal Virginia Offshore Wind (CVOW) project. Dominion Energy submitted COP to the US Bureau of Ocean Energy Management (BOEM) for the offshore wind farm in December 2020. The Record of Decision (ROD) documents the decision to approve the... Continue Reading →
US Offshore Wind Writedowns Seen Soaring with Orsted Earnings
(Reuters) European energy companies, including Denmark's Orsted, will likely write down more of their U.S. offshore wind investments this week after BP and Equinor booked $840 million in impairments in recent days. Orsted, the world's largest offshore wind developer, said in August it may see impairments of 16 billion Danish crowns ($2.3 billion) on its... Continue Reading →
Equinor to Take Part in First Norway Offshore Wind Auction
(Reuters) Norwegian energy firm Equinor will submit a proposal to pre-qualify for Norway's first offshore wind auction, the company's CEO Anders Opedal told Reuters last Friday. Equinor has formed a consortium with Germany's RWE for Soerlige Nordsjoe II, an area in shallower waters close to the maritime border with Denmark, where Norway is offering 1.5 gigawatts (GW)... Continue Reading →
Colombia to Take Offshore Wind Farm Bids in August 2024
(Reuters) Colombia will receive offers for offshore wind blocks in August 2024, according to a timeline published by the government on Friday, following a presentation it gave to private companies and European government representatives. The government of President Gustavo Petro, Colombia's first leftist leader, has said he intends to wean the Andean country off its... Continue Reading →
Statkraft Buys Swedish Company with 21 GW Offshore Wind Portfolio
(OW) Vindkraft Värmland and Njordr, the Nordic developer, have sold 100 per cent of the shares in the joint company, Njordr Offshore Wind (NOW), to Statkraft. NOW holds a pre-permit portfolio of nine offshore wind projects in the Swedish economic zone with a total potential for up to 21 GW of installed capacity. The portfolio... Continue Reading →
PGE and GE to test green hydrogen production using offshore wind turbine
(OET) PGE Polska Grupa Energetyczna and GE have signed an agreement for the development of a project aimed at testing the production of green hydrogen using a GE offshore wind turbine. In the planned project, hydrogen would be produced in an electrolyzer using electricity generated from the latest GE wind turbine model intended for the offshore... Continue Reading →