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(Reuters) The global market for offshore wind projects is improving with governments and companies now offering high enough prices to make projects economically viable, the CEO of Portugal's largest utility Energias de Portugal (EDP) said on Tuesday. Many countries are relying on a huge and rapid build-out of offshore wind farms to meet climate targets... Continue Reading →
(offshore WIND.biz) The award of 1.5 GW of floating wind capacity in Norway, which was planned for this year, will be held in 2025 as the Norwegian government plans to have the subsidy model in place and announced before allocating the Utsira Nord (Utsira North) offshore areas for development. The government says the decision to... Continue Reading →
For the second year running, the company neutralizes "scope 2" emissions associated with energy consumption purchased from suppliers in Brazil. Petrobras has acquired international certificates attesting that 100% of the electricity used in its industrial and administrative operations in Brazil last year was generated from renewable sources. The I-REC (Renewable Energy Certificate) document guarantees that... Continue Reading →
(Reuters) - PetroChina's (601857.SS), opens new tab, net profit rose 8.3% last year off record levels in 2022, as strong growth in natural gas sales and its marketing segment offset lower realised oil prices. PetroChina's net profit amounted to 161.1 billion yuan($22.34 billion) in 2023, versus 148.7 billion in 2022, while revenue fell 7.0% to 3,239... Continue Reading →
(Offshore-energy.biz) UK-based Tadek Ocean Engineering has produced a study on floating offshore wind platforms for Welsh company Marine Power Systems (MPS). The report evaluates tension leg platforms (TLP) long-term performance compared to semi-submersible alternatives for floating offshore wind turbines (FOWT). It includes an analysis of various aspects such as platform dimensions, assembly, and manufacturing setups,... Continue Reading →
(OE) The US Bureau of Ocean Energy Management (BOEM) will initiate an environmental review of Vineyard Northeast’s proposed offshore wind energy project, located 29 miles offshore Nantucket, Massachusetts at its closest point. BOEM estimates the proposed project would generate up to 2,600MW of electricity, enough to power more than 900,000 homes with clean renewable... Continue Reading →
(Reuters) The Biden administration on Friday released new rules that will make it easier for offshore wind developers to claim a subsidy for facilities planned in areas that have historically relied on fossil fuel industries for employment. The revision follows nearly a year of warnings by offshore wind companies that their projects might not move... Continue Reading →
(Reuters) Offshore wind energy development presents an opportunity to add transmission capacity to the U.S. East Coast's power system that could ensure reliability for electric grid, according a study released by the U.S. Department of Energy (DOE) on Thursday. "This would allow offshore wind transmission to provide energy to areas of high demand and reduce... Continue Reading →
( offshoreWind.biz)Last year was a record year for offshore wind projects reaching a final investment decision (FID) with nearly 9 GW of capacity hitting this milestone in 2023, according to WindEurope’s annual report, issued on 28 February. Ahead of its annual event, opening today in Bilbao, the European wind energy industry organisation also released a new... Continue Reading →
(PN) One of the challenges for implementing offshore wind farms in Brazil is defining the technology for transporting energy generated at sea to the continent. With this in mind, the Center for Research and Innovation in Greenhouse Gases (RCGI) began carrying out studies to understand the best technology for transmitting energy and, at the same... Continue Reading →
Brazil Energy Insight 