There’s a new realism in the Floating Wind Industry. The big numbers from the hype days were never going to make it in time and projects are ‘moving to the right’ we hear almost daily. But perhaps those projects had too optimistic timelines initially. In reality, 2030 was just a round number and now that it’s suddenly close... Continue Reading →
Equinor, CBO and Wartsila complete conversion of PSV with potential to reduce emissions by 30%
(PN) Equinor, in partnership with CBO and Wärtsilä, has completed the hybridization of the CBO Wiser, a PSV (Platform Supply Vessel) type vessel. The vessel now has a battery system and uses both diesel and electric power, becoming the first of its kind in Brazil to operate in this way. With this innovation, a reduction... Continue Reading →
Ørsted Delays US Offshore Wind Project as Impairment Losses Hit
(Reuters) Renewable energy group Orsted booked 3.2 billion Danish crowns ($472 million) in impairment losses in the second quarter, due partly to a delay in construction of a major U.S. offshore wind project, sending its shares down almost 8% on Thursday. The world's biggest offshore wind developer pushed back the start of commercial operations at... Continue Reading →
Equinor, Dominion Energy Secure Central Atlantic Offshore Wind Lease Areas
(offshoreWIND.biz) Equinor and Virginia Electric and Power Co, a subsidiary of Dominion Energy, have provisionally won lease areas in the Central Atlantic offshore wind auction in the US, each securing one site. The auction, which yielded almost USD 93 million (around EUR 84 million), saw a total of six companies participating. Equinor is provisionally awarded... Continue Reading →
BOEM’s Environmental Analysis Sees No Significant Impacts of Wind Leases Off Oregon
(OE) The Bureau of Ocean Energy Management (BOEM) has concluded that leases for potential offshore wind energy development off the Oregon coast would have no significant impacts to people or environment. BOEM has made available its final Environmental Assessment (EA) of the possible impacts from issuing leases for potential offshore wind energy development off the... Continue Reading →
Port of Açu signs first contract for hydrogen hub with Norwegian company Fuella
(epbr) The Port of Açu, located in the north of Rio de Janeiro (RJ) and controlled by Prumo Logística, announced the closing of the first contract to reserve an area for the hydrogen hub of the Port of Açu. The agreement was signed with the Norwegian company Fuella, specialized in the development and operation of... Continue Reading →
RWE, Luxcara Winners of German 5.5 GW Offshore Wind Tender
(offshoreWind.wind) RWE and Luxcara have been selected as winners of the latest German tender, offering a total of 5.5 GW of capacity across three sites, N-9.1, N-9.2, and N-9.3, all located in the German North Sea. RWE has secured the sites N-9.1 and N-9.2, where the company plans to build two offshore wind farms with... Continue Reading →
McDermott calling the shots at Shell’s mega gas project offshore Trinidad and Tobago
(offshore-energy.biz) U.S. offshore engineering and construction player McDermott has been tasked with putting all the pieces in place for the development of a gas project off the coast of Trinidad and Tobago, thanks to an engineering, procurement, construction, installation (EPCI), hook-up, and commissioning contract with Shell Trinidad and Tobago Limited, a subsidiary of the UK-headquartered... Continue Reading →
‘World’s Largest Single-Capacity’ Floating Wind Platform En Route to Installation Site
(offshoreWind.biz) Mingyang Smart Energy’s OceanX, which the company says is the world’s largest single-capacity floating wind platform, has sailed out of Guangzhou, China, and is heading towards the Qingzhou IV offshore wind farm in Yangjiang, Guangdong, where it will be installed. The floater is a dual-turbine V-shaped platform and has a generation capacity of 16.6... Continue Reading →
New Fortress Energy’s Stock Goes Down Amid Q2 Net Loss Report
New Fortress Energy missed second-quarter earnings estimates on Friday after delays in starting up a floating LNG export facility off the coast of Altamira in Mexico. New Fortress stock was down 25% on Friday morning on Nasdaq. The company reported a net loss of $88 million for the quarter and a loss per share of... Continue Reading →