Singapore-based Sembcorp Marine said Friday its subsidiary Sembmarine SLP had won a Planned Preventative Maintenance (PPM) contract with the Danish offshore wind developer Ørsted for the Hornsea 2 offshore wind farm, one of the world’s largest wind farms located 89 km off the Yorkshire coast in the UK North Sea. The PPM contract involves the... Continue Reading →
Cable Installation Kicks Off at U.S. First Commercial Scale Offshore Wind Farm
(OED) Cable installation has kicked off at Vineyard Wind, the U.S. first commercial scale offshore wind farm, at a site located 15 miles south of Martha’s Vineyard. Vineyard Wind, the company developing the namesake wind farm, also announced that it expects to begin nearshore cable work off the south coast of Cape Cod in... Continue Reading →
Prysmian to work on French offshore wind projects
Italy-headquartered Prysmian Group has been awarded a contract by Réseau de Transport d’Électricité (RTE) to provide power grid asset management services for Saint-Nazaire, Fécamp, and Calvados wind farms offshore France. Under the contract, Prysmian Group will provide inspection, maintenance, and repair services for the submarine export cable links connecting the three offshore wind farms near the... Continue Reading →
Ørsted Ups Outlook on High Power Prices, Offshore Wind Business Trails
(Reuters) - Danish energy firm Ørsted on Thursday lifted its profit outlook for the year on the back of high power prices, while third-quarter core earnings slightly lagged expectations on the back of soft performance in its key offshore unit. Ørsted now expects 2022 earnings before interest, tax, depreciation, and amortization, excluding new partnerships of... Continue Reading →
Saipem Completes GBS Installation Works on Fecamp Offshore Wind Farm
Italian energy industry services firm Saipem said Wednesday it had, in consortium with Bouygues Travaux Publics and Boskalis (BSB), installed and ballasted the Gravity-Based Structures (GBS) foundations for the Fécamp offshore wind farm in Normandy, France. In 2020, the BSB Consortium was awarded the contract for the design, construction, and installation works of the GBS.... Continue Reading →
Vestas Cuts Outlook as Third Quarter Lags Forecast
(Reuters) Danish wind turbine maker Vestas reported on Wednesday a wider-than-expected operating loss for the third quarter, cutting its full-year outlook due to continued cost inflation and supply chain instability. Vestas cut its 2022 profit margin outlook to minus 5% from previously between minus 5% and 0%, and narrowed its full-year revenue forecast to between... Continue Reading →
U.S. Designates Offshore Wind Farm Development Areas in Gulf of Mexico
The U.S. Gulf of Mexico, best known to the offshore energy industry as an oil and gas province, is for the first time opening its doors to the offshore wind industry, with the U.S administration on Monday designating two areas for offshore wind development in the region. The U.S. Bureau of Ocean Energy Management (BOEM)... Continue Reading →
A new European energy powerhouse emerges, Rystad says
(OM) Iberia is well positioned to compete with—or even replace—Northern Europe’s existing energy industrial hub as sectors in Spain and Portugal can call on abundant sunshine, strong winds and mature gas infrastructure as well as a wealth of industry and managerial expertise. With reliable gas supply from North Africa, lower power prices compared to the... Continue Reading →
Crowley, Humboldt Bay to Develop and Operate California Wind Terminal
(OE) Crowley signed an agreement on Thursday with the Port of Humboldt Bay to exclusively negotiate to be the developer and operator of a terminal to serve as California’s first hub for offshore wind energy installations. Through Crowley’s Wind Services group, the company will enter into negotiations with the port to lease and serve... Continue Reading →
Spanish Firm X1 Wind Installs Floating Wind Platform in Canary Islands
Barcelona-based floating wind technology developer X1 Wind said Friday its floating platform had been successfully installed at the PLOCAN test site in the Canary Islands. "As summer trade-winds abated, a suitable weather window allowed X1 Wind and partners from the EU-backed PivotBuoy Project to complete the installation process, connecting the fully-functional floating wind prototype to... Continue Reading →