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(Reuters) BP and its partner Equinor are renegotiating the terms of power supply agreements linked to their giant wind developments off the U.S. East Coast, BP CEO Bernard Looney said on Tuesday. "We are in the midst of renegotiating our PPA (power purchase agreement) contracts in the East Coast with our partner Equinor," Looney told... Continue Reading →
(OW) Technip Energies has signed a Memorandum of Understanding (MoU) with the yard infrastructure provider, Young Chang, and heavy lifting solutions provider, Sarens, to collaborate on floating offshore wind projects offshore South Korea. Carl Sarens, Managing Director of Sarens Projects, said: ”We are looking forward to our cooperation with Technip Energies and Young-Chang Heavy Industries. Our objective... Continue Reading →
(OW) The New Jersey Economic Development Authority (NJEDA) has approved agreements with Ørsted for the development and sublease of up to 34 acres at the New Jersey Wind Port (NJWP), which Ørsted will use as a staging and support area for its 1.1 GW Ocean Wind 1 offshore wind project. With the agreement, Ørsted will... Continue Reading →
Spain-headquartered Iberdrola has secured a EUR 500 million loan from Citi, partly guaranteed by the Norwegian Export Credit Agency (Eksfin), to support the development of the 1.4 GW East Anglia Three offshore wind farm in the UK. The loan has a drawdown period of two years. According to Iberdrola, it will improve the company’s liquidity... Continue Reading →
Corio Generation has signed cooperation agreements with local companies, based in Busan, for the development of offshore wind projects in South Korea. Corio announced it had signed a Memorandum of Understanding (MoU) with GS Entec on 19 July and with Chokwang-Jotun on 20 July, respectively, for its offshore wind projects in Busan. Under the agreements,... Continue Reading →
(Reuters) Lawmakers in Maine on Wednesday passed legislation that would set a 3-gigawatt target for offshore wind deployment off the state's scenic coastline by 2040, a level that could satisfy half of its 1.3 million residents' power needs. The bill would help the New England state meet Governor Janet Mills' proposed goal for a decarbonized... Continue Reading →
(Reuters) Spanish power company Iberdrola on Thursday raised its 2023 profit outlook for the second time after a strong performance in Europe and Britain drove a 21% increase in first-half net profit. The green energy giant is investing heavily in renewable capacity and network assets. It plans to invest 47 billion euros ($52 billion) between... Continue Reading →
(OW) The government of Sweden has rejected Vattenfall’s application to build an offshore wind farm at Stora Middelgrund off Sweden’s west coast, citing ”negative effects on the environment” and ”national interests” as the reasons for the decision. The Swedish government will not grant Vattenfall permission to build and operate the wind farm located offshore Halmstad, saying that ”the applicant has... Continue Reading →
(epbr) “The wind and the strength of our seas place us in a privileged position for the installation of wind energy projects, which will allow us to be the first country in Latin America to produce this energy offshore”, said the Minister of Mines and Energy of Colombia, Irene Vélez, at the end of May,... Continue Reading →
(OE) Subsea 7's recently delivered Seaway Alfa Lift offshore wind foundation installation vessel is in transit to Europe and is expected to join Subsea 7's fleet in the third quarter of 2023. The semi-submersible heavy installation vessel, designed by Ulstein, will be used to install the next-generation XXL offshore wind foundations. The newbuild heavy lift... Continue Reading →
Brazil Energy Insight 