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(OE) Singapore's Seatrium, through its subsidiary Sembcorp Marine Offshore Platforms Pte. Ltd. (“SMOP”), has secured a contract worth more than S$500 million for two offshore wind farm substations from Empire Offshore Wind, a joint venture between Equinor and BP. The contract award follows the completion of the FEED (Front-End Engineering and Design) contract secured by... Continue Reading →
(OE) Cerulean Winds plans to build an offshore integrated green power and transmission system, powered by floating wind, that North Sea oil and gas platforms will plug into for clean power, under the project called the North Sea Renewables Grid (NSRG), Cerulean and partner Frontier Power International will develop three 333km2 sites of hundreds of floating... Continue Reading →
(Reuters) Denmark's Orsted, the world's No. 1 offshore wind farm developer, on Wednesday reported first-quarter operating profit in line with expectations, and confirmed its full-year guidance given earlier in the year. First-quarter earnings before interest, tax, depreciation and amortization (EBITDA) excluding new partnerships fell 12% to 6.91 billion Danish crowns ($1.02 billion), compared with the... Continue Reading →
Philip Lewis, Contributor (OE) Tens of gigawatts of floating wind projects are slated for development in this and the next decade, but many obstacles remain. There has been much focus on the emerging floating wind market of late. The U.K. is forging ahead with commercial scale floating wind developments through the Scotwind and INTOG awards of... Continue Reading →
Brazil has all the favorable conditions to lead the global development of offshore wind energy. To get an idea, the country's estimated generation potential is 700 GW in offshore locations with depths of up to 50 meters - a volume that corresponds to more than 30 times the installed generation capacity in the world today... Continue Reading →
(epbr) The Dutch government released the Climate Fund project for 2024, which foresees 28.1 billion euros for climate spending in the country until 2030. Of this total, 7.5 billion euros will be used to develop the green hydrogen industry, including 300 million euros to import this energy source – which could favor green hydrogen projects... Continue Reading →
Three firms are vying to buy a minority stake of up to 49% in Iberdrola's "Baltic Eagle" offshore wind farm off the German coast, newspaper Expansion reported on Friday, citing unidentified market sources. The top candidates for the transaction valued at around 700 million euros ($769 million) are Abu Dhabi's Masdar, Swiss fund EIP and... Continue Reading →
Offshore wind developer Ocean Winds on Thursday announced the Final Investment Decision for the Dieppe Le Tréport offshore wind farm in France. The project of around 500 MW in France represents a total investment of €2.7 billion, said the company, which is a 50-50 joint venture in 2020 by EDP Renewables and ENGIE. Earlier in April 2023,... Continue Reading →
(OW) Marine Power Systems (MPS) have joined forces with Plataforma Oceánica de Canarias (PLOCAN) to deploy their floating offshore wind platform, PelaFlex, at an expected grid-connected test site on the southeast coast of Gran Canaria. PLOCAN will work with MPS regarding a pre-consented and grid-connected site for the testing of their technology and the associated... Continue Reading →
(OW) Spain-headquartered BlueFloat Energy and Greenvolt have joined forces to develop offshore wind projects in Portugal. According to the partners, Portugal holds great potential for offshore wind, which is now recognised by the national policymakers who seek to unlock the potential of this technology to deliver on the country’s decarbonisation targets. Portugal has recently identified... Continue Reading →
Brazil Energy Insight 