Ørsted and Repsol have signed a Memorandum of Understanding with the Port Authority of A Coruña to facilitate the development, construction, operation and maintenance of future floating offshore wind projects in Spain. Madrid-based multi-energy company Repsol and Ørsted signed an agreement in April last year to identify and jointly develop floating wind projects offshore Spain.... Continue Reading →
Prysmian’s new cable-laying vessel named after famous painting
Italy’s cabling giant Prysmian has selected the name for its new cable-laying vessel (CLV), said to reflect a strong connection with its sister vessel Leonardo da Vinci. The new 171-meter-long CLV, currently being built by Vard in Romania, will be named Monna Lisa. The name was chosen through an internal survey conducted among all 30,000 employees,... Continue Reading →
IRENA: Annual Renewable Power Additions Must Triple by 2030
In the first volume of the World Energy Transitions Outlook (WETO) 2023, the International Renewable Energy Agency (IRENA) calls for raised global ambition in renewables deployment. The WETO 2023: 1.5°C Pathway positions electrification and efficiency as key transition drivers, enabled by renewable energy, clean hydrogen, and sustainable biomass and tracks implementation across all energy sectors.... Continue Reading →
Siemens Energy Shares Tumble 31% as Wind Turbine Troubles Exposed
(Reuters) Siemens Energy saw $6.3 billion wiped off its market capitalization on Friday after warning that the impact of quality problems at its Siemens Gamesa wind turbine business would be felt for years. The group scrapped its 2023 profit outlook late on Thursday after a review of its wind turbine division exposed deeper-than-expected problems that... Continue Reading →
30 MW Offshore Wind Turbines Being Considered for New Project in Sweden
(OW) Freja Offshore, a joint venture between Hexicon and Mainstream Renewable Power, has submitted an application for an offshore wind farm in Sweden that could have an installed capacity of between 2 GW and 2.5 GW and, according to the project’s consultation document, could feature wind turbines of up to 30 MW per unit. The... Continue Reading →
Scotland’s Largest Offshore Wind Farm Stands Complete
The final turbine has been installed at Scotland’s largest offshore wind farm, Seagreen, off the coast of Angus. The work was carried out by Cadeler’s wind farm installation vessel Wind Orca, which replaced its sister vessel Wind Osprey in April 2022. Many of the wind turbines are installed in a water depth of more than 55 metres, while... Continue Reading →
Equinor and Eneco to Jointly Bid in Dutch Offshore Wind Tenders
(OW) Eneco and Equinor have joined forces to participate in the upcoming 4 GW IJmuiden Ver Alpha and Beta offshore wind farm zone tenders. The two companies said they want to contribute to the Netherlands reaching its decarbonisation targets by integrating offshore wind into the Dutch energy system while ensuring biodiversity, and co-existence with marine... Continue Reading →
Analysts Turn Bullish on Petrobras as New Policies Become Clearer
(Reuters) Analysts at major global banks have been upgrading their share price expectations for Brazil's state-run oil firm Petrobras PETR4.SA as they evaluate that the new leftist government's policies are not as unfriendly to investors as some had feared. Shares in the company have climbed more than 50% so far this year to historic highs,... Continue Reading →
TotalEnergies, Galp Eye Wind Opportunities Offshore Portugal
Portuguese energy company Galp has decided to join forces with French energy major TotalEnergies to explore the potential development of wind projects offshore Portugal. The partnership combines Galp’s knowledge of the Portuguese market with TotalEnergies’ expertise in large-scale offshore wind projects, according to the press release. The partners said that they intend to contribute with... Continue Reading →
Norwegian Companies Join Blåse Energi Floating Offshore Wind Alliance
Hammerfest Energy and Varanger Kraft have decided to join the Blåse Energi consortium focused on developing floating offshore wind projects in Norway. According to the press release, Hammerfest Energi and Varanger Kraft will contribute with expertise around grids and grid planning, as well as dialogue with the Norwegian authorities. “Offshore wind is a new area... Continue Reading →