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(Reuters) - Singaporean conglomerate Keppel Corp (KPLM.SI) said on Friday it would spend 305 million euros ($314.7 million) along with a unit for a 50.01% stake in a special purpose vehicle (SPV) that owns 50% of Borkum Riffgrund 2, an offshore wind farm in Germany. The deal comes as companies race to increase their exposure to renewable... Continue Reading →
No longer in its infancy, offshore wind is a proven technology on course to play a key role in the decarbonisation of the global economy. Over the next decade, the industry will attract almost US$1 trillion in new investment. A growing number of competitors are flocking to take advantage of the massive opportunities that will... Continue Reading →
Renewables firm Ørsted raised its full-year outlook on Thursday thanks to high power prices, after a disappointing showing in its offshore wind business led to weaker-than-expected second-quarter core earnings, which knocked its shares. Europe's power crunch, largely the result of the conflict in Ukraine, means the world's largest developer of offshore wind farms now expects full-year earnings before interest, tax, depreciation,... Continue Reading →
Offshore Design Engineering Ltd (ODE) has won a contract to deliver Owner’s Engineer support to the pre-FEED stage of the 1.5GW Outer Dowsing offshore wind farm in the Southern North Sea. The Owner’s Engineer contract was awarded to ODE by Outer Dowsing Offshore Wind (ODOW), a joint venture developed by TotalEnergies and Corio Generation, a... Continue Reading →
(Reuters) California on Wednesday set ambitious new targets for offshore wind development, saying turbines along its storied coastline would power some 25 million homes by 2050. In a unanimous vote, the five-member California Energy Commission (CEC) adopted a goal of 3,000 to 5,000 megawatts (MW) of offshore wind by 2030 and 25,000 MW by 2045, the agency... Continue Reading →
Bureau Veritas launches Balcão Único (One-Stop Shop), a service that facilitates and speeds up the environmental licensing process for the implementation of Offshore Wind Farms in Brazil and offers all the necessary support for companies interested in operating in the sector. The number of projects in the sector has risen 200% in the last year... Continue Reading →
Scotland’s new offshore wind leasing round aiming to decarbonise the North Sea oil and gas sector and position offshore wind as a primary feature of the energy transition has launched today, with plans to deliver the results in March next year. Following last year’s consultations, Crown Estate Scotland, the body which manages seabed leasing for offshore... Continue Reading →
(OE) Engineering consultancy Wood Thilsted has been appointed as a detailed design engineer for US Wind’s MarWin project, the company’s first offshore wind project to be constructed off the coast of Maryland, U.S.. Apart from being responsible for the delivery of the detailed foundation design for MarWin, Wood Thilsted will also be supporting the development... Continue Reading →
(Reuters) - Wind turbine maker Vestas (VWS.CO) expects to deliver more positive results next year, its chief executive said on Wednesday, as high costs from raw materials and transport, which hit second-quarter results, are passed on to customers. Shares in Vestas rose 4% after the firm said it raised its prices in the second quarter by 22%... Continue Reading →
The Netherlands-based engineering company Iv-Offshore & Energy has developed a platform that uses offshore wind energy to produce 85 kilotonnes of hydrogen per year. With a capacity of 500 MW, the platform can produce enough green hydrogen in a single day to power more than 300,000 hydrogen cars to drive at least 100 kilometres, the... Continue Reading →
Brazil Energy Insight 