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Half of the 114 offshore wind turbines which will make up Scotland’s largest offshore wind farm, Seagreen, have now been installed in the North Sea off the east coast of Scotland, SSE Renewables said this week, adding that a record has been broken for the world's deepest fixed-bottom turbine installation, too. The construction campaign at... Continue Reading →
(OEM) Offshore drilling contractor Transocean has secured more work for its fleet of offshore drilling rigs in the Gulf of Mexico, Brazil, Suriname, Norway, the UK, and India. On Thursday, Transocean published its quarterly fleet status report, detailing some of the recently announced deals and adding several new ones. The aggregate incremental backlog associated with... Continue Reading →
(Reuters) -BlackRock Inc posted a smaller-than-expected drop in quarterly profit on Thursday as strong demand for exchange-traded funds and other low-risk products cushioned the hit to fee income from a global market rout, but its assets under management fell below expectations. The threat of a recession, surging interest rates and the Ukraine crisis have slammed... Continue Reading →
Offshore wind capacity could grow 56-fold until 2050, driven by a growing need for decarbonisation and energy security, and decreasing costs. Regarding the latter, bottom-fixed and floating offshore wind levelised costs of energy (LCoE) are forecast to drop by 39 per cent and 84 per cent, respectively, according to the new Energy Transition Outlook from... Continue Reading →
Marine Power Systems from the UK is working with WavEC from Portugal to set up its modular floating offshore wind platform in the north of Portugal. "Floating offshore wind is increasingly featuring in government decarbonization targets around the world and Portugal is no exception. The Portuguese government has shown its commitment to offshore wind with... Continue Reading →
The heightened focus on energy security and the rising cost of energy is reinforcing the difference in decarbonization speed between Europe and the rest of the world, according to the sixth edition of DNV’s Energy Transition Outlook. Europe, which can be regarded as the leader of the energy transition, will double down on renewables and energy... Continue Reading →
Elaine Maslin, Contributor (OE) Industry interest in floating offshore wind in the UK has seen rapid growth, but a race to the bottom in terms of cost, as well as port and manufacturing capacity, could mean targets are not met and challenge the long-term sustainability of the industry. These issues were raised at the sell-out Floating... Continue Reading →
(OE) The total pipeline of floating offshore wind projects has more than doubled in the past 12 months in terms of capacity worldwide, from 91GW a year ago to 185GW now, according to a report published by RenewableUK on Tuesday. According to the report, The number of projects has increased globally during that time from... Continue Reading →
(OE) Copenhagen Infrastructure Partners (CIP) has selected Stiesdal Offshore’s TetraSub floating foundation structure for the 100MW Pentland Floating Offshore Wind Farm project, to be located off the coast of Dounreay, Caithness, Scotland. The technology has been said to offer a lightweight and cost-effective floating solution, based on factory-made modules which are then assembled domestically in... Continue Reading →
(OED) The European Marine Energy Centre (EMEC), located in Orkney, Scotland, has completed the concept design for a new 100 MW floating offshore wind test and demonstration site. The ocean energy test facility operator is seeking to secure a lease for a site ~20 km west of Orkney, further out to sea from its existing... Continue Reading →
Brazil Energy Insight 