Brought to you by Quest Offshore & Southern Cone Consultants
(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 →
The Crown Estate has made some modifications to the auction process for the Celtic Sea floating wind leases offshore Wales and southwest England, focusing on social value, integration ports and supply chain, as well as addressing new spatial constraints to help de-risk projects ahead of opening the leasing round to bidders later this year. In... Continue Reading →
(OW) Brazil’s Ministry of Mining and Energy and Energy Research Office (EPE) have published a new version of the country’s offshore wind roadmap following recent updates of the regulatory framework for energy generation. According to a recent report by Reuters, the country’s government also plans to establish a regulative framework for offshore wind and green hydrogen... Continue Reading →
(OW) The US Bureau of Ocean Energy Management (BOEM) will initiate its eleventh offshore wind environmental review with Equinor and BP’s 2.4 GW Beacon Wind 1 and 2 wind farms, proposed to be built offshore Massachusetts and connected to the grid in New York and Connecticut. BOEM published a Notice of Intent (NOI) to prepare... Continue Reading →
(OW) The Crown Estate has reported a record net revenue profit of GBP 442.6 million (around EUR 512 million) for the financial year 2022/23 thanks to earnings from option fees that the developers of the Round 4 offshore wind farms started paying this year. Offshore wind has also boosted the value of The Crown Estate’s... Continue Reading →
(Reuters) Itochu Corp, Tokyo Gas Co Ltd, and other companies are considering bidding in the second round of the Japanese government's auction of offshore wind power projects, the Nikkei business daily reported on Thursday. In December, Japan resumed public auctions of offshore wind farm projects under revised rules aimed at encouraging a wider range of... Continue Reading →
(Reuters) Offshore oil and gas exploration spending will increase more than 20% globally this year and the growth will continue into the next, oilfield services firm SLB said on Wednesday. "Offshore is experiencing a renaissance, with significant breadth and anticipated durability," SLB Chief Executive Olivier Le Peuch said at the JP Morgan Energy Power and... Continue Reading →
Denmark has approved a new Marine Plan which will abolish the open door offshore wind auction scheme and terminate 24 out of the 33 offshore wind projects proposed under the scheme. Under the new Marine Plan, Denmark plans to increase the sea area reserved for the development of renewable energy projects and energy islands from... Continue Reading →
On 2 June, BlueFloat Energy announced that the company had secured contracts for four (floating) offshore wind project sites in the Philippines and thus entry into the country’s offshore wind market. These are Wind Energy Service Contracts (WESCs), or Offshore Wind (OSW) Service Contracts (SCs), that are being awarded by the Philippines’ Department of Energy, which reported in April... Continue Reading →
(OW) SouthCoast Wind, the developer of an offshore wind lease area off the coast of Massachusetts, has started discussions with this US state’s representatives and utilities to terminate its existing Power Purchase Agreements (PPAs) citing ”material and unforeseen supply chain and financing cost increases affecting the whole offshore wind industry.” The SouthCoast Wind, a 2.4 GW... Continue Reading →
Brazil Energy Insight 