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(OET) Flotation Energy has signed a multi-million-dollar deal to start environmental surveys in the Bass Strait region in Australia despite licences for potential offshore wind projects not being awarded until later this year. Flotation Energy signed a USD 22 million contract with RPS to commence its two-and-a-half-year programme of environmental surveys for the 1.5 GW... Continue Reading →
Mingyang Smart Energy’s MySE 16-260 offshore wind turbine has been commissioned and is operating at full capacity in China, according to the company, which now overtook Goldwind in having the biggest wind turbine in the world installed as Mingyang’s compatriot’s 16 MW model has a rotor diameter of 252 metres. Mingyang launched a 16 MW turbine... Continue Reading →
(OW) Massachusetts’s electric distribution companies Eversource Energy, National Grid and Unitil have agreed to terminate their power purchase agreements (PPAs) for the Commonwealth Wind offshore wind farm at the request of the project developer, Iberdrola-owned Avangrid, which will pay USD 48 million in penalties for the termination that is yet to be approved by the... Continue Reading →
(Reuters) Portugal has increased its ambitions for offshore wind energy and has sharply raised its target for a first auction of offshore floating windfarm licenses, Environment Minister Duarte Cordeiro told Reuters on Tuesday. Cordeiro said the sale, due to take place by the end of the year, will target a total installed capacity of between... Continue Reading →
(OW) The 500 MW Fécamp offshore wind farm in Normandy, France, has started producing the first electricity and feeding it into the grid after the first wind turbine was installed at the beginning of this month. Following the load-out of the first four wind turbines from the port of Cherbourg, DEME Offshore’s Innovation proceeded with the installation... Continue Reading →
(OE) The board of the Swedish floating wind technology developer Hexicon has rejected a bid on the company from an unnamed "European actor." The bid, which was conditional of the board's recommendation, was set at SEK 1.5 per share, corresponding to a value of SEK 545 million (currently around $53 million) for the entire company. ... Continue Reading →
(Reuters) - Brazil's state-run oil company, Petrobras (PETR4.SA), will keep total investments in its upcoming 2024-2028 business plan similar to the $78 billion foreseen in its latest five-year plan, CEO Jean Paul Prates told Reuters on Monday. Petrobras is preparing to preview updates to its business plan next month, he said, including a greater focus on... Continue Reading →
(Reuters) - Chinese oil refineries, led by heavyweight Sinopec (600028.SS), are set to boost Brazilian crude imports in the third quarter to replace some of the Saudi Arabian supply it cut after the kingdom hiked prices, industry sources said. China, the world's top crude importer, has booked nearly 1 million barrels per day of Brazilian crude... Continue Reading →
(OET) Fugro’s survey vessel Fugro Brasilis has arrived at the Port of Willemstad in Curaçao ahead of offshore surveys the company will perform as the Curaçao government is working on identifying areas for floating wind development. The work, scheduled to start today (17 July) and take place until 29 July, follows a memorandum of understanding... Continue Reading →
(Reuters) Japan's Toshiba plans to establish a domestic supply chain for offshore wind power equipment together with U.S. manufacturer General Electric, Nikkei reported on Saturday, as Japan is expanding in renewable energy in a zero-carbon push. Japan's offshore wind power market is set to grow as the government aims to install up to 10 gigawatts... Continue Reading →
