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An inter-ministerial working group on offshore wind set up by the Portuguese government as part of the process of organising the country’s first offshore wind tender has narrowed down the initially identified areas to three that would be offered for development later this year. As reported at the beginning of this year, the working group... Continue Reading →
(Reuters) Danish green investment company Copenhagen Infrastructure Partners (CIP) has raised 5.6 billion euros ($6.13 billion) for its latest fund and expects to meet its full 12 bln euro target amid undiminished global investor appetite, it said on Monday. The investors necessary to meet the overall target for its fifth flagship fund - Copenhagen Infrastructure... Continue Reading →
(OE) Offshore wind developments play a vital role in Europe's energy transition plans, but the industry may face a significant supply challenge in the coming years, with a forecasted wind tower supply crunch. According to Rystad Energy, in 2028, the demand for offshore turbine towers will surpass the manufacturing capacity, indicating an urgent need for... Continue Reading →
Ørsted and Repsol have signed a Memorandum of Understanding with the Port Authority of A Coruña to facilitate the development, construction, operation and maintenance of future floating offshore wind projects in Spain. Madrid-based multi-energy company Repsol and Ørsted signed an agreement in April last year to identify and jointly develop floating wind projects offshore Spain.... Continue Reading →
In the first volume of the World Energy Transitions Outlook (WETO) 2023, the International Renewable Energy Agency (IRENA) calls for raised global ambition in renewables deployment. The WETO 2023: 1.5°C Pathway positions electrification and efficiency as key transition drivers, enabled by renewable energy, clean hydrogen, and sustainable biomass and tracks implementation across all energy sectors.... Continue Reading →
(OW) Equinor has entered into a long-term partnership agreement with Wergeland Group as the preferred supplier for the fabrication of foundations and the assembly of turbines for floating offshore wind. At the same time, Equinor and partner Vårgrønn confirm which floater concept will be developed for the Utsira North (Utsira Nord) project. The facilities at... Continue Reading →
(RE) Floating offshore wind (FLOW) has long been hailed as the pivotal technology for the globalisation of offshore wind. It will unlock vast new areas of sea with high wind speeds, enabling offshore to reach over 1,500GW of operational capacity by 2050. Without cost-effective FLOW, there is unlikely to be any significant offshore wind development... Continue Reading →
(OE) U.S.-based maritime logistics and offshore services firm Crowley on Wednesday announced a new investment in Tugdock. Tugdock has developed "the world’s first road-transportable floating dry dock" known as the Tugdock Submersible Platform (TSP), to help advance offshore wind energy in the U.S. Crowley and Tugdock will explore the potential use of the platforms in... Continue Reading →
(Reuters) - The Danish state will take a 20% stake in four planned offshore wind farms with a total capacity of at least 6 gigawatts (GW), the country's ministry of climate, energy and utilities said on Tuesday. Under the terms in the upcoming tenders, developers will compete to offer the state the highest fixed annual... Continue Reading →
(Bloomberg) — Every morning, more than 600 workers clock in at the Louisiana shipyard where the Eco Edison, the first US-built vessel to service offshore wind farms, is under construction. At quitting time, a parade of pickups and dusty sedans forms a traffic jam on the road back into town, past buildings that serve the... Continue Reading →
Brazil Energy Insight 