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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 →
(OW) American multinational automotive manufacturing corporation General Motors (GM) has led a Series A investment round of up to USD 10 million into Wind Catching Systems, the Norwegian developer of multi-turbine floating offshore wind systems, to help fund the development and commercialization of the technology. General Motors has made the investment through GM Ventures, the... Continue Reading →
A collaboration between Equinor and Technip Energies on Floating Wind Substructures was announced during the Seanergy conference in Normandie, France. The collaboration is intent on building on the two companies’ joint ambition of driving the industrialization of floating offshore wind. “We see longer-term collaboration from an early phase as the next step within floating offshore... Continue Reading →
(TN) Ocean Winds, a 50-50 joint venture between world energy leaders ENGIE and EDP Renewables dedicated to offshore wind power generation, announces the launch of OW Brasil, a wholly owned Brazilian company investing in offshore wind project development opportunities in the country. Highly interested in Brazil's 700 GW offshore wind power potential (according to a... Continue Reading →
