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Equinor's Hywind Tampen floating wind farm in Norway will become operational this year, becoming the world's largest floating wind farm, however, it will not be as big as planned, at least not in 2022, due to steel quality issues found in four of 11 turbines. Namely, as previously reported, Equinor is developing the 11 turbine... Continue Reading →
(WO) The Global Underwater Hub (GUH) says floating offshore wind represents the greatest opportunity for the £8 billion ($9.5 billion) subsea industry in the UK this generation and must not be missed. The new strategic, intelligence-led organization, set up to transform the UK’s underwater industry into one of the largest and fastest-growing industries in the... Continue Reading →
(Upstream) As the world begins the shift towards cleaner and more efficient sources of energy, Brazil's focus can sometimes seem to be fixed on fossil fuels. This is understandable, considering Brazil's pre-salt oil fields are capable of producing more competitively and, advocates say, with lower emissions than just about any other offshore province. In a... Continue Reading →
Hexicon AB’s TwinHub floating wind project in the Celtic Sea was successful in the latest UK Government's Contracts for Difference (CfD) Allocation Round (AR4). Hexicon has been awarded a CfD for its 32MW floating wind project at a strike price of £87.30/MWh (2012 real prices) taking the project a significant step closer to completion. The... Continue Reading →
Floating wind farm developer Hexicon Korea has agreed to sell its entire Yeonggwang Project, a floating offshore wind project off the south-west coast of South Korea, to an undisclosed major energy company. "Hexicon Korea thereby sells off its 40 percent stake in the project, receiving a payment of an undisclosed amount," Hexicon Korea said. Hexicon... Continue Reading →
The U.S. offshore wind sector continues its journey to deploy 30 GW of offshore wind by 2030 and 110 GW by 2050, Intelatus Global Partners said in its July U.S. offshore wind report. Two major OCS projects with around 940 MW of capacity have reached FID and have started onshore construction, and seven projects are... Continue Reading →
Offshore wind had its best year ever last year with 21.1 GW of new installations bringing global capacity to 56 GW, with China contributing 80 per cent of new offshore installations in 2021, leading offshore wind for the fourth year in a row. This is according to the latest Global Offshore Wind Report launched by the Global... Continue Reading →
Renewable energy company RWE Renewables France and offshore vessel services provider Bourbon Subsea Services have agreed to jointly bid for the Mediterranean floating offshore wind auction. The two companies have applied to be selected as eligible bidder for the A06 tender, and the respective announcement by the French government is expected during the coming weeks. ... Continue Reading →
Subsea 7 has entered into a Memorandum of Understanding with the Dutch hydrogen technology developer, OneSea Energy, to collaborate in the field of floating offshore green hydrogen production. The Memorandum of Understanding provides that OneSea and Subsea 7 will move forward together in exploring and developing field-specific solutions for offshore hydrogen production. Both companies will... Continue Reading →
Westwood Global Energy Group (Westwood) has revealed that of the 121 GW worth of floating offshore wind projects that the company is currently tracking using its WIndLogix intelligence software, close to 15 GW of floating wind capacity is expected to come online by 2030. Westwood says that 15 GW of capacity will account for four... Continue Reading →
Brazil Energy Insight 