Nov 11 (Reuters) - Wind turbine maker Vestas posted a weaker-than-expected third-quarter profit on Wednesday as a result of softer deliveries and costs incurred from a broken blade at a German offshore project, sending the Danish company's shares lower. Vestas also reported lower order bookings than expected by analysts for the July to September period,... Continue Reading →
Orsted profit beats estimates, says energy volatility boosts offshore wind growth
Nov 5 (Reuters) - Danish offshore wind farm developer Orsted on Thursday reported a third-quarter core profit above forecasts, sending its shares up more than 4%. Orsted has expanded rapidly over the past decade, but more recently has faced higher costs from supply chain disruption and inflation, as well as regulatory challenges in the United... Continue Reading →
BW Offshore gets Norwegian funding boost for floating wind ambitions
Nov. 3 (splash247.com) Norwegian floater specialist BW Offshore is planning to deploy two of the world’s largest floating wind turbines on its BW Ideol foundations after its Fram Wind Solutions joint venture secured NOK1.94bn ($210m) in state funding support. The 37 MW project will feature two 18.5MW turbines installed on BW Ideol’s patented Damping Pool... Continue Reading →
Dominion Energy Installs 44 Turbines at Virginia Offshore Wind Project
Nov. 2 (OE) Dominion Energy's 2.6 GW Coastal Virginia Offshore Wind (CVOW) project has reached approximately 85% overall completion, with 44 of its planned 176 wind turbines installed and work on the 45th underway. The latest milestone marks an increase from 81% overall completion reported at the end of July, when 31 turbines had been... Continue Reading →
Kumagai Gumi Joins DemoSATH as Floating Wind Test Project Extended Through 2027
Oct. 21 (offshoreWIND.biz) Japanese construction company Kumagai Gumi has joined Saitec Offshore Technologies and Kansai Electric Power Company (KEPCO) in the DemoSATH floating wind project in Spain, with the partners extending the prototype’s operation at the BiMEP test site through 2027. Under a cooperation agreement, the partners will use the extended operating period for research,... Continue Reading →
Sumitomo, TFI Marine Introduce Mooring Solutions to Floating Wind
Oct. 6 (OE) Sumitomo Corporation Global Metals Co., Ltd. (SCGM) and TFI Marine Limited have formed a partnership to introduce innovation into mooring solutions for floating offshore wind and offshore energy projects. The partnership enables and accelerates the deployment of floating offshore wind in Japan and globally, contributing to decarbonization and energy security. Mooring systems... Continue Reading →
EMEC Secures Multi-Million Funding for DeepWind Floating Wind Test Site
Oct. 6 (offshoreWIND.biz) The European Marine Energy Centre (EMEC) has secured GBP 3 million (approximately EUR 3.5 million) from UK Research and Innovation (UKRI) to advance the development of DeepWind, a planned floating and deepwater offshore wind test site in Scotland. The two-year funding, awarded through the UK government’s Infrastructure Fund, will support engineering, environmental,... Continue Reading →
Subsea Battery System for Offshore Wind Completes Test Before Deployment
Oct. 6 (offshoreWIND.biz) Verlume, a UK-headquartered subsea batteries and power management systems specialist, has put its 500 kWh modular subsea energy storage system to the test in Aberdeen ahead of planned deployment in the Dutch North Sea, where it will become the world’s first grid-forming subsea battery co-located with offshore wind. Verlume reported on 1... Continue Reading →
Entr secures first offshore wind contract in Canada
Oct. 5 (Aker Solutions) Aker Solutions’ consultancy arm, Entr has been awarded a contract by Net Zero Atlantic to deliver an offshore wind transmission routing and technology study in Canada as part of the Atlantic Canada Offshore Wind Readiness Program (ACORP). In collaboration with Canadian-based C-CORE, a global leader in risk-based advisory services in harsh... Continue Reading →
US senators hit deal on energy project permitting bill, vote after midterm elections
Sept 30 (Reuters) - US senators from both parties said on Wednesday they have reached a deal to reform laws on the permitting of large energy and infrastructure projects, though a vote will not occur before the midterm elections. The agreement marks a significant milestone in the years-long effort by Congress to overhaul federal permitting,... Continue Reading →