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(Reuters) - Wind power was Britain’s largest source of electricity in 2024, topping gas-fired power plants for the first time, data showed on Tuesday. Britain has almost 15 gigawatts (GW) of installed offshore wind power and aims to quadruple that to 60 GW by 2030 as part of plans to largely decarbonise its power sector... Continue Reading →
(OE) A new report from the U.S. Department of Energy (DOE) outlines recommendations that could increase the recycling and reuse of decommissioned wind energy equipment and materials to create a more circular economy and sustainable supply chain. The research reveals that existing U.S. infrastructure could process 90% of the mass of decommissioned wind turbines. However,... Continue Reading →
(offshoreWIND.biz) Swedish floating wind developer Hexicon has extended a credit facility the company secured earlier to provide support during a period of planned divestments until 30 June 2025. For financing, which amounts to SEK 75 million (approximately EUR 6.6 million), Hexicon signed an agreement with Wallstreet Aktiebolag, part of the Wallenius Group, and a group... Continue Reading →
In support of the current administration’s goals to deploy 30 gigawatts (GW) of offshore wind energy capacity by 2030 and 15 GW of floating offshore wind energy capacity by 2035, the Bureau of Ocean Energy Management (BOEM) today announced the publication of a Call for Information and Nominations (Call) for possible wind energy leasing off... Continue Reading →
(Reuters) - The British North Sea is one of the world's oldest offshore oil and gas basins where production has been in steady decline since the early 2000s. At the same time, the region has become one of the world's largest and fastest growing offshore wind basins. U.S. President-elect Donald Trump called to "open up" the British... Continue Reading →
(OffshoreWIND.biz) In offshoreWIND.biz‘s 2023 annual wind turbine overview from January 2024, you could have read about the first 16 MW model installed offshore and a 22 MW turbine about to enter development. Fast forward twelve months, a 21 MW prototype in Europe and 22 MW and 26 prototypes in China are expected to soon be installed... Continue Reading →
(Reuters) - Norway's Equinor said on Thursday it had secured a financing package of more than $3 billion for its Empire Wind 1 offshore wind power project in the United States. The company expects the total capital investments, including fees for the use of the South Brooklyn Marine Terminal, to be around $5 billion, including the... Continue Reading →
(offshore-energy.biz) The global offshore energy industry’s floating production solutions have come a long way from their humble beginnings and seem to be poised to continue their evolution driven by the need to tap deeper into challenging offshore environments buttressed by growing energy demand, rising security of supply concerns, and increasing climate change prompts to pivot... Continue Reading →
(Oilprice.com) Colombia is a major producer of oil and gas and is steadily developing its renewable energy industry. In 2016, the South American state launched its Energy Plan 2050, aimed at diversifying the country’s energy mix to include wind power plants, solar PV, and geothermal energy generation, and ensure a reliable energy supply in the... Continue Reading →
Vestas has received a 315 MW turbine supply order for the Oga Katagami Akita offshore wind project in Akita Prefecture in Japan. The project is being developed by Oga Katagami Akita Offshore Green Energy, a consortium consisting of JERA, Electric Power Development (J-POWER), Tohoku Electric Power (Tohoku EPCO), and ITOCHU Corp. The order includes 21... Continue Reading →
Brazil Energy Insight 