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Nov. 6 (offshoreWIND.biz) A US federal judge has ruled in favour of the motion filed by the Department of Justice (DOJ) and Bureau of Ocean Energy Management (BOEM) in an ongoing case in Massachusetts, which requested that the case be paused as they will voluntarily remand the approval given to the SouthCoast Wind project earlier,... Continue Reading →
Nov. 6 (offshoreWIND.biz) The 3.6 GW Dogger Bank Wind Farm, which will become the world’s largest offshore wind farm once fully operational, will boost the UK economy by GBP 6.1 billion (approximately EUR 6.9 billion) during its lifetime and support thousands of UK jobs over the next decade, according to a report written by BVG... Continue Reading →
Nov. 5 (Reuters) Danish offshore wind giant Orsted said on Wednesday that it had no plans to take over the renewables business of Equinor, its second biggest shareholder, which has proposed closer ties between the companies. Norwegian oil, gas and renewables group Equinor, which took a 10% stake in Orsted last year and injected close to $1... Continue Reading →
Nov. 5 (offshoreWIND.biz) BW Ideol’s project involving a factory for serial production of concrete floating wind foundations in Fos-sur-Mer, France, has been selected for funding by the European Commission under the EU Innovation Fund, for a grant of up to EUR 74 million. The project, named Fos3F, was selected alongside ten other projects in the... Continue Reading →
Nov 5 (Reuters) - Orsted, the world's biggest offshore wind farm group, swung to a quarterly net loss of 1.70 billion Danish crowns ($265,50 million), it said on Wednesday, hit by U.S. President Donald Trump's trade policies and resistance to renewable energy. Orsted's shares have plummeted 85% from their 2021 peak, hit by soaring costs... Continue Reading →
Nov 3 (Reuters) - Denmark's Orsted said on Monday it agreed to sell a 50% stake in Britain's Hornsea 3 offshore wind farm for 39 billion Danish crowns ($6.09 billion), widely regarded as a crucial move to prevent a crippling credit rating downgrade. Orsted, the world's largest offshore wind developer, seeks to restore investor confidence as... Continue Reading →
Oct. 31 (Reuters) Dutch geological data specialist Fugro reported stronger-than-expected core earnings on Friday, but cautioned that worsening conditions in the offshore wind sector and tighter spending by energy firms could weigh on its performance in the final quarter. Third-quarter adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) fell 22% year-on-year to 108.6 million... Continue Reading →
Oct. 30 (offshoreWIND.biz) “The pilot plant project in Rio Grande do Norte is no longer just an idea, a dream. We are talking about something concrete, which exists”, said Rodrigo Mello, director at SENAI Institute for Innovation in Renewable Energies (ISI-ER) and its arm in the state of Rio Grande do Norte, SENAI-RN, as the... Continue Reading →
Oct 27 (Reuters) - Britain is offering a smaller budget for offshore wind in its next auction round to spur investment in renewable power capacity, government documents showed on Monday, with one analyst saying the country will struggle to meet its clean power targets. Documents released on Monday showed the next auction round will have... Continue Reading →
Oct. 27 (offshoreWIND.biz) The Portuguese Institute for Sea and Atmosphere (IPMA) has appointed the UK-based renewable energy consultancy OWC, part of ABL Group, to support the geophysical and geotechnical surveys at two offshore wind farm areas in Portugal. ABL Group’s Portugal-based water and environmental consultancy, Hidromod, is also engaged in the project. IPMA is currently... Continue Reading →
Brazil Energy Insight 