Technip Energies, Sarens, and Young-Chang Heavy Industry Form Floating Wind Partnership in Korea

(OW) Technip Energies has signed a Memorandum of Understanding (MoU) with the yard infrastructure provider, Young Chang, and heavy lifting solutions provider, Sarens, to collaborate on floating offshore wind projects offshore South Korea. Carl Sarens, Managing Director of Sarens Projects, said: ”We are looking forward to our cooperation with Technip Energies and Young-Chang Heavy Industries. Our objective... Continue Reading →

July 31, 2023 0

Maine Sets Sights on 3GW Offshore Wind Deployment by 2040

(Reuters) Lawmakers in Maine on Wednesday passed legislation that would set a 3-gigawatt target for offshore wind deployment off the state's scenic coastline by 2040, a level that could satisfy half of its 1.3 million residents' power needs. The bill would help the New England state meet Governor Janet Mills' proposed goal for a decarbonized... Continue Reading →

July 28, 2023 0

Are net-zero aspirations in jeopardy with oil & gas boom at full tilt?

(OET) Following the onset of the Ukraine crisis, the global oil and gas industry embarked on a growth upcycle, raising concerns that this is putting net-zero 2050 commitments at risk. With this at the forefront, the energy supply chain is refocusing on the thriving oil and gas sector, triggered by a lack of consistent and... Continue Reading →

July 26, 2023 0

Iberdrola Sells 49% stake in Baltic Eagle Offshore Wind Farm to Abu Dhabi’s Masdar

(Reuters) Spanish utility Iberdrola has sold a 49% stake in its 476 megawatt (MW) offshore wind farm in German waters in the Baltic Sea to Abu Dhabi's Masdar for about 375 million euros ($414.5 million), it said on Wednesday. Iberdrola said that the deal pegged the total value of the so-called Baltic Eagle project, which... Continue Reading →

July 26, 2023 0

First Turbine Assembled for French Floating Offshore Wind Farm

(OW) The first Siemens Gamesa wind turbine for the 25 MW Provence Grand Large floating offshore wind farm has been assembled in France. The floating wind farm will comprise three Siemens Gamesa 8 MW wind turbines installed on tensioned line floats and designed by SBM Offshore and IFP Energies Nouvelles. The turbine components, manufactured at Siemens Gamesa’s factory... Continue Reading →

July 25, 2023 0

SBM Offshore targets floating wind in Nova Scotia

Dutch-based SBM Offshore and Ireland’s renewable project developer DP Energy have set up a joint venture to pursue floating offshore wind energy opportunities off Nova Scotia, Canada. The duo said they would work to support Nova Scotia’s ambitious climate action targets and “contribute meaningfully” to the phasing out of coal from the grid. The Canadian... Continue Reading →

July 21, 2023 0

First US Floating Wind Project Progressing Through Federal Permitting System

(OW) The US Bureau of Ocean Energy Management (BOEM) has completed a draft environmental assessment (EA) of the potential issuance of a research lease to the State of Maine that would grant the State the exclusive right to submit plans for a twelve-turbine, 144 MW floating wind farm for BOEM’s approval. The federal agency is... Continue Reading →

July 20, 2023 0

Portugal Raises Offshore Wind Ambitions

(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 →

July 19, 2023 0

Hexicon Board Rejects European Actor’s Takeover Bid, Citing Undervaluation

(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 →

July 18, 2023 0

Curaçao starts offshore surveys with plan for floating wind-to-hydrogen production

(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 →

July 17, 2023 0

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