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(OE) Danish offshore wind farm developer Ørsted has agreed to buy Public Service Enterprise Group’s (PSEG) 25 percent stake in Ocean Wind 1, a 1,1 GW offshore wind project located 15 miles off the coast of southern New Jersey. The acquisition gives Ørsted complete ownership of Ocean Wind 1. The transaction between Ørsted and PSEG... Continue Reading →
Philip Lewis, Contributo (OE) Over the last few weeks, we have seen three announcements by Chinese OEMs of 18-megawatt (MW) turbines. CSSC Haizhuang announced the H260-18MW turbine with a 260-meter rotor diameter. Mingyang Smart Energy has announced its new MySE 18X-28X turbine, which has a rotor diameter of over 280 meters. Dongfang is developing 16-, 17-... Continue Reading →
Norway's Statkraft and Denmark's Copenhagen Infrastructure Partners (CIP) have partnered up to develop up to 2.2 gigawatts of offshore wind in Ireland. This partnership will see CIP acquire a 50% stake in Statkraft’s offshore wind portfolio in Ireland. The financial terms of the deal have not been disclosed. The scope of the partnership includes the... Continue Reading →
The first turbines at Parkwind's Arcadis Ost 1 offshore wind farm in Germany have started electricity production. According to Parkwind, Arcadis Ost 1 has been delivering power to the German grid since January 12, 2023. The 257 MW offshore wind farm is located in the German section of the Baltic Sea, northeast of the island... Continue Reading →
(OE) Plenitude, a division of Eni, and Simply Blue Group, an Irish developer of offshore renewable energy, have signed a deal to work together on a pipeline of new floating offshore wind projects in Italy. "Through this collaboration, the parties wish to combine Plenitude’s technical and financial capabilities and experience in the Italian energy market,... Continue Reading →
(OET) Dutch offshore services provider Boskalis has won a contract with an undisclosed client to construct a large wind farm offshore the USA. Under the contract, Boskalis will transport and install the wind turbine foundations and power cables for which two crane vessels, and several transport and cable-laying vessels will be deployed, the company said. The Dutch... Continue Reading →
While investments in green sectors overshadowed the oil and gas funding for the first time last year, the cost-conscious developers are expected to tighten their purse strings after two years of soaring prices, outlined Rystad Energy, an energy market intelligence group. However, low-carbon spending is still expected to rise by $60 billion in 2023 as inflation weakens. As... Continue Reading →
Marco Polo Marine, a Singapore-listed offshore vessel company, has entered the South Korean market with a "landmark" Memorandum of Understanding signed with South Korean companies Namsung Shipping Co., Ltd. and HA Energy Co., Ltd. (“HA-E”). Under the MoU, the companies have committed "to jointly pursue synergistic offshore wind vessel operations in South Korea." South Korea’s... Continue Reading →
(OE) China's Mingyang Smart Energy on Friday announced the launch of next flagship offshore wind turbine – the MySE 18.X-28X - "going beyond the 18MW threshold." This means that, at the time of writing, this is the most powerful offshore wind turbine announced so far. According to the company, the MySE 18.X-28X, with 140-meter-long blades... Continue Reading →
(OE) The U.S. Department of the Interior will reform its regulations for the development of wind energy facilities on the country's outer continental shelf to help meet crucial climate goals, it said in a statement on Thursday. The proposed rule changes would save developers a projected $1 billion over a 20-year period by streamlining burdensome... Continue Reading →
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