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(OW) New and existing offshore wind farms could help generate large amounts of green hydrogen and support the UK and EU meet their net zero targets, if the necessary infrastructure can be put in place, according to a new report commissioned by Crown Estate Scotland. The “Commercial Models for Future Hydrogen Production” report, written by Xodus Group,... Continue Reading →
Philip Lewis, Contributor (OE) Global floating wind capacity will have grown from less than 200 MW at the end of 2022 to around 61 GW of grid connected capacity by 2035. This activity will require over $250 billion in capital expenditure. Over 75% of the forecast activity is expected to come from four countries. The global... Continue Reading →
(OET) SCHOTTEL Marine Technologies, the new company name for Germany’s AQUOS SCHOTTEL Marine Technologies and Scotland’s Swift Anchors, has integrated its operations to ramp-up deployment of its anchoring solutions for floating offshore renewables. The move comes in an effort to exploit the growing business opportunities in offshore renewables, and in particular within the floating offshore wind sector,... Continue Reading →
(Reuters) - BP (BP.L) CEO Bernard Looney says he will not further scale back his energy transition strategy after ceding some ground earlier this year, despite investors penalizing the group over its plan to break away from rivals in cutting oil and gas output. Taking office in February 2020 with a vow to reinvent the 114-year-old company,... Continue Reading →
Philip Lewis, Contributor (OE) Much has been written recently about the challenges facing U.S. offshore wind projects, resulting in requests to terminate or renegotiate contracts to sell power to states. Examples of these challenges can be found from Massachusetts to Virginia. Coming on top of last week’s somewhat disappointing events of the Gulf of Mexico lease... Continue Reading →
(TN) Petrobras started installing LiDAR (Light Detection and Ranging) measurement devices on six platforms located in shallow waters off the coast of the states of Rio Grande do Norte, Ceará and Espírito Santo. The equipment integrates new wind measurement campaigns, which will be carried out over three years. The collected data will allow the elaboration... Continue Reading →
(OET) The US Department of Energy (DOE) and the Department of the Interior (DOI) have unveiled plans to collaborate and jointly fund research to further support durable and environmentally responsible offshore wind and marine energy deployments in the United States. The agencies will launch the upcoming funding opportunity through Wind Energy Technologies Office (WETO), Water... Continue Reading →
(Reuters) - Norway's Equinor (EQNR.OL) and its partner BP (BP.L) are seeking a 54% increase for the price of power produced at three planned offshore U.S. wind farms, according to a filing made by a New York state regulatory authority. The two partners in recent years won the rights to build the Empire Wind 1, Empire Wind 2 and... Continue Reading →
(OW) Skyborn Renewables and its partners in the Yunneng Wind Power consortium that owns the Yunlin offshore wind project in Taiwan have signed an extended financing agreement to complete the construction of the 640 MW offshore wind farm. The project is now on track for completion according to an amended installation schedule. The news comes... Continue Reading →
(OW) Massachusetts has opened its fourth offshore wind solicitation which seeks to procure 3.6 GW of new generation capacity and makes this the state’s largest solicitation of this kind to date. Developers can submit bids until 31 January 2024 and the projects will be selected by 12 June next year, with the execution of long-term... Continue Reading →
Brazil Energy Insight 