Brazil has all the favorable conditions to lead the global development of offshore wind energy. To get an idea, the country's estimated generation potential is 700 GW in offshore locations with depths of up to 50 meters - a volume that corresponds to more than 30 times the installed generation capacity in the world today... Continue Reading →
Robust backlog drives Fugro’s revenue increase
Fugro has reported a revenue of €465.8 million for the first quarter of 2023, representing an increase of 27.5 per cent, said to be especially related to offshore wind site characterization solutions, with all regions reporting double-digit growth. Overall, revenue in marine was €335.1 million, up by 34.7 per cent, as a result of increasingly... Continue Reading →
Bidders Jostle for Stake in Iberdrola’s Baltic Eagle Offshore Wind Farm
Three firms are vying to buy a minority stake of up to 49% in Iberdrola's "Baltic Eagle" offshore wind farm off the German coast, newspaper Expansion reported on Friday, citing unidentified market sources. The top candidates for the transaction valued at around 700 million euros ($769 million) are Abu Dhabi's Masdar, Swiss fund EIP and... Continue Reading →
Ocean Winds Reaches FID on French Offshore Wind Project
Offshore wind developer Ocean Winds on Thursday announced the Final Investment Decision for the Dieppe Le Tréport offshore wind farm in France. The project of around 500 MW in France represents a total investment of €2.7 billion, said the company, which is a 50-50 joint venture in 2020 by EDP Renewables and ENGIE. Earlier in April 2023,... Continue Reading →
Marine Power Systems to Deploy Its Floating Wind Platform at PLOCAN
(OW) Marine Power Systems (MPS) have joined forces with Plataforma Oceánica de Canarias (PLOCAN) to deploy their floating offshore wind platform, PelaFlex, at an expected grid-connected test site on the southeast coast of Gran Canaria. PLOCAN will work with MPS regarding a pre-consented and grid-connected site for the testing of their technology and the associated... Continue Reading →
BlueFloat Energy, Greenvolt to Jointly Tackle Offshore Wind Projects in Portugal
(OW) Spain-headquartered BlueFloat Energy and Greenvolt have joined forces to develop offshore wind projects in Portugal. According to the partners, Portugal holds great potential for offshore wind, which is now recognised by the national policymakers who seek to unlock the potential of this technology to deliver on the country’s decarbonisation targets. Portugal has recently identified... Continue Reading →
Brazilian innovation centre requests license for offshore wind test site
(OEP) A research, innovation and development centre in Brazil, focused on renewable energy and sustainability, has submitted an application for a test site for offshore wind to the country’s Institute for the Environment and Natural Resources (IBAMA). In the latest update to the map (and the list) of offshore wind projects for which environmental investigation licences have... Continue Reading →
With $1.2 billion first-quarter revenue, Subsea 7 on track to meet full-year guidance
Subsea 7 has reported a revenue of $1.2 billion for the first quarter of 2023, a 4 per cent increase compared to the same period last year, stating it is on track to achieve a higher whole-year revenue than in 2022. The revenue increase is said to reflect strong growth of 18 per cent in... Continue Reading →
RWE, Acta Marine Partner to Build ‘Green’ Vessels for Offshore Wind Operations
Offshore wind developer RWE has entered a long-term vessel supply agreement with offshore vessel owner Acta Marine that it says paves the way for the decarbonization of offshore wind farm operations. The agreement is to build and operate two ‘green’ service operation vessels, which will be among the first in the world to be built... Continue Reading →
Report: Europe Needs Meshed Grids for Offshore Wind
(OE) Hitachi Energy and industry group WindEurope have published a new report which concludes that Europe needs more meshed grids to ensure its offshore wind development. Meshed grids are clusters of offshore wind farms with fewer cables connected to the shore that can route power to two or more national grids. In total, governments across... Continue Reading →
Brazil Energy Insight 