(OM) Principle Power and Aker Solutions have been awarded a US Floating Offshore Wind Readiness (FLOWIN) Prize, which will set forth the goal to establish a sustainable and competitive domestic supply chain ecosystem to deliver floating offshore wind projects in the US. The FloatHOME Project will leverage the fourth-generation, industrialized WindFloat design to evaluate and compare deployment options,... Continue Reading →
Rystad: Vaca Muerta pulling itself by the bootstraps to expand amid takeaway concerns
Vaca Muerta, one of the world’s largest oil and gas shale reservoirs and Argentina’s most critical asset in helping propel the country’s hydrocarbons output higher, ended the year with outstanding figures. Record production and impressive well performance advances were met by short-term takeaway constraints as many ambitious commitments to increase capacity are yet to be... Continue Reading →
Rystad: Brazilian energy transition is progressing and demand for hydrogen could double by 2040
(PN) Brazil's energy matrix offers technological opportunities that can place the country at the forefront of decarbonization in a wide range of demand segments. The analysis is by energy research firm Rystad Energy. According to the consultancy, the country has a head start in the transition to low-carbon energy compared to many other large countries... Continue Reading →
Goldwind: Global offshore wind power to expand thousands-fold in coming decades
(CGTN) Goldwind, the world's top wind turbine supplier in 2022, expects the global offshore wind power market to expand hundreds-fold, possibly even thousands-fold, in the next few decades. "The global offshore wind power development we see now is just the beginning," Wu Kai, vice president of Goldwind, told CGTN in Beijing. "With the comprehensive utilization... Continue Reading →
US energy officials release strategy to boost offshore wind
(AP) The U.S. Energy Department said Wednesday it has a new strategy to meet the goal of vastly expanding offshore wind energy to address climate change. The Biden administration wants to build 30 gigawatts of offshore wind energy by 2030 — enough to power more than 10 million homes. The turbines would be anchored to the seafloor.... Continue Reading →
Developers in New Zealand Team Up to Explore Port Taranaki’s Offshore Wind Hub Potential
Taranaki Offshore Partnership (TOP), a partnership between NZ Super Fund and Copenhagen Infrastructure Partners (CIP) in New Zealand, has signed an agreement with Port Taranaki and BlueFloat Energy for a joint study into how the port’s assets, infrastructure and land can support the growth of the offshore wind industry in Aotearoa. The study, which aims to... Continue Reading →
New Monopile and Tower Fabrication Facility to Open in Maryland
Baltimore-based offshore wind energy development company US Wind, Inc. announced its plan to form a long-term partnership with Haizea Wind Group Management S.L. to manage and operate Sparrows Point Steel, Maryland’s first permanent offshore wind factory in Baltimore County, Maryland. The facility will be available to manufacture steel components for the U.S. offshore wind industry,... Continue Reading →
Mammoet Wins Contracts for Two ‘large’ Offshore Wind Projects in United States
Heavy lift and transport services firm Mammoet said Monday it had secured contracts for two large offshore wind projects for undisclosed clients in the United States, both of which begin in 2023. Together, the two contracts cover a range of port scopes, including the load-in, load-out, handling, and temporary storage of XXL monopiles, plus the... Continue Reading →
IRENA calls for $35 trillion bill for climate target by 2030
The International Renewable Energy Agency (IRENA), an intergovernmental organisation, has outlined the investment needs of $35 trillion by 2030 as the price for the green shift while pointing out that investments in renewables and technology and infrastructure required for the net-zero shift need to more than quadruple on an annual basis, so that, the energy transition... Continue Reading →
2022 pushes CCUS to new heights: Long read
While the global energy crisis marked 2022, efforts to propel the energy transition forward in a bid to usher in a sustainable energy future continued gaining momentum. As a result, last year was also a bumper year for carbon capture, utilization, and storage (CCUS), according to the International Energy Agency (IEA), as more than 140 new... Continue Reading →