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(Reuters) - Italian energy services group Saipem is talking to investors about a possible funding package, the group said on Monday after warning it will take a heavy loss for 2021, triggering a halt in its shares to prevent a stinging sell-off. Saipem has struggled to regain traction after global lockdowns caused by COVID-19 throttled... Continue Reading →
(Reuters) Siemens Energy has stepped up efforts to explore a full integration of wind turbine business Siemens Gamesa, sources told Reuters, after profit warnings and share price slumps last week exposed flaws in the current ownership structure. The company is currently working with advisers to look at options for how to best acquire the remaining... Continue Reading →
Decree clarifies the requirements for the assignment of use of public assets in offshore areas for the purpose of generating electricity The President of the Republic issued decree nº 10.946/2022, which provides for the assignment of use of physical spaces and the use of natural resources for the generation of electricity from offshore ventures. The... Continue Reading →
(Valor) Potential investors in the offshore wind segment are waiting for the government's regulatory definitions to start projects in the seas of Brazil with the legal certainty characteristic of the electricity sector. The Brazilian Wind Energy Association (Abeeólica) is in a hurry to get the main regulatory guidelines for contracting offshore wind farms out, as... Continue Reading →
Equinor and BP on Friday announced the finalization of the Purchase and Sale Agreements (PSAs) with the New York State Energy Research and Development Authority (NYSERDA), for Empire Wind 2 and Beacon Wind 1 offshore wind projects. Empire Wind is located 15-30 miles southeast of Long Island and spans 80,000 acres, with water depths of... Continue Reading →
(OE) The Biden administration on Wednesday outlined a range of measures to speed the growth of clean energy on the U.S. power grid, including the government's largest-ever sale of offshore wind leases in waters off the coast of New York and New Jersey. The announcement, which seeks to advance President Joe Biden's ambitious climate change agenda, comes... Continue Reading →
BW Ideol, a company specializing in floating offshore wind solutions has signed an investment agreement with Japan's JERA, and France's ADEME Investissement to create an investment company for financing the co-development of offshore wind projects using BW Ideol’s patented Damping Pool technology over the next 5 years. JERA is Japan’s largest utility company, and ADEME... Continue Reading →
Norwegian seismic player TGS and American IT services company Cognizant have expanded their partnership to build a digital platform for delivering comprehensive data to energy companies. As described, the SaaS-based New Energy Solutions (NES) ecosystem will focus on bringing comprehensive data and insights to energy companies across five segments: carbon storage, geothermal, deep-sea minerals, wind... Continue Reading →
While many challenges remain to deliver the full promise of U.S. offshore wind, so too do opportunities. Robert Galinski, DNV’s Offshore Wind Director, Americas discusses the pace and direction of the U.S. offshore wind market from the perspective of class. (OE) While Robert Galinski has served as DNV’s Offshore Wind Director, Americas, for just about... Continue Reading →
Italian subsea power cable maker Prysmian said Friday it had secured contracts worth $900 million in the U.S. offshore wind market. Both projects have been awarded by Vineyard Wind, a joint venture between Avangrid Renewables and Copenhagen Infrastructure Partners (CIP)- Worth around $300 million, the first cabling project will connect the 804 MW Park City... Continue Reading →
Brazil Energy Insight 