Floating wind could transform offshore energy – but companies need to work together and embrace innovation

(Institution of Mechanical Engineers)According to the Global Wind Energy Council’s Global Wind Report 2024, installed offshore wind capacity surpassed 75GW at the end of 2023. But with ambitious targets set for 2050, the industry must look at ways to speed up planning and construction, and fine-tune operations and maintenance of existing assets. To reach the... Continue Reading →

US Department of Energy (DOE) selects Principle Power and Aker Solutions to advance plans for serial manufacturing of WindFloat® foundations

Principle Power and Aker Solutions (“FloatHOME” consortium) have been chosen as a winner for the second phase of the U.S. Floating Offshore Wind Readiness (FLOWIN) Prize by the DOE. The award consists of a $450,000 cash prize and $100,000 in technical assistance from the DOE National Labs. Prize money is being used to advance WindFloat®... Continue Reading →

Sapura Energy Lands $1.8B Petrobras Deal for Six Pipelaying Vessels and Subsea Services

(OE) Malaysia-based offshore services firm Sapura Energy has through its joint venture companies secured $1.8 billion worth of contracts with Brazil’s state-owned energy giant Petrobras for the provision of subsea services and six pipe-laying support vessels (PLSVs). Sapura Energy has through the joint ventures owned by Seabras Sapura Holding and Seabras Sapura Participações, in collaboration... Continue Reading →

Japan and US Team Up to Cut Floating Wind Costs

(Reuters) Japan has agreed to partner with the United States to help reduce the cost of floating offshore wind projects, the White House said in a statement released during Prime Minister Fumio Kishida's visit to Washington to meet with President Joe Biden. Under the agreement, Japan and the U.S. would work to accelerate developments in... Continue Reading →

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