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(OW) Several days ago, Ørsted called it quits on the Ocean Wind 1 offshore wind farm in the US, with some of the main issues leading to the decision to abandon the project being supply chain bottlenecks, primarily vessel shortages. This has affected not only the now-dropped Ocean Wind 1 but also the company’s Revolution... Continue Reading →
(OW) Canada Pension Plan Investment Board (CPP Investments), through its wholly-owned subsidiary CPPIB Renewables Europe S.à r.l, has agreed to sell its 24.5 per cent stake in two German offshore wind farms to a wholly-owned subsidiary of Enbridge. Under the transaction, CPP Investments will sell its stake in Hohe See and Albatros offshore wind farms,... Continue Reading →
(OE) The world's first offshore renewable energy project, combining floating wind power and deep-sea aquaculture, has been completed in China, Shanghai Electric Wind Power Group has informed. The project is developed by Longyuan Power Group, together with Shanghai Electric Wind Power Group (Wind Power Group), a subsidiary of Shanghai Electric, which provides the power generation... Continue Reading →
(OE) Flotation Energy and Vårgrønn, a joint venture between Plenitude (Eni) and HitecVision, have signed exclusivity agreements for two floating offshore wind developments with up to a total of 1.9 gigawatt (GW) capacity under Crown Estate Scotland’s Innovation and Targeted Oil and Gas (INTOG) leasing round. "When completed, the wind farms will provide renewable electricity... Continue Reading →
(OM) Ørsted has taken FID on the 704-MW Revolution Wind project offshore Connecticut and Rhode Island, a 50:50 joint venture with Eversource. Onshore construction has started, and offshore construction will get underway in 2024, with the project expected to be completed and fully operational in 2025. The wind farm will cover an area 32 miles southeast of the Connecticut... Continue Reading →
(Reuters) Denmark's Orsted said on Wednesday it had recorded a 28.4 billion Danish crowns ($4.03 billion) impairment charge for the first nine months of 2023, and that it will cease work on its U.S. offshore wind projects Ocean Wind 1 and 2. The world's largest offshore wind farm developer has made a final investment decision on Revolution... Continue Reading →
(OW) The Portuguese government launched the initial stage of the offshore wind competitive procedure on 31 October by issuing a call for expressions of interest (EoIs) that will stay open until 14 November. An expression of interest is not binding and does not constitute a precondition for proceeding with the remaining stages of the competitive... Continue Reading →
The US Department of Interior (DOI) has approved the construction and operations plan (COP) for Dominion Energy’s 2.6 GW Coastal Virginia Offshore Wind (CVOW) project. Dominion Energy submitted COP to the US Bureau of Ocean Energy Management (BOEM) for the offshore wind farm in December 2020. The Record of Decision (ROD) documents the decision to approve the... Continue Reading →
(Reuters) European energy companies, including Denmark's Orsted, will likely write down more of their U.S. offshore wind investments this week after BP and Equinor booked $840 million in impairments in recent days. Orsted, the world's largest offshore wind developer, said in August it may see impairments of 16 billion Danish crowns ($2.3 billion) on its... Continue Reading →
(OE) Crowley has named offshore wind veteran Christy Guthman as vice president of business development for its Wind Services business as the company grows in the clean, sustainable energy sector. Guthman most recently served as executive general manager of sales and commercial operations for GE Offshore Wind. During her tenure there, she built the company’s North American sales,... Continue Reading →
