(Reuters) - Norway's Equinor (EQNR.OL) and its partner BP (BP.L) are seeking a 54% increase for the price of power produced at three planned offshore U.S. wind farms, according to a filing made by a New York state regulatory authority. The two partners in recent years won the rights to build the Empire Wind 1, Empire Wind 2 and... Continue Reading →
Yunlin Offshore Wind Farm Secures Extended Financing, Amended Installation Schedule on Track
(OW) Skyborn Renewables and its partners in the Yunneng Wind Power consortium that owns the Yunlin offshore wind project in Taiwan have signed an extended financing agreement to complete the construction of the 640 MW offshore wind farm. The project is now on track for completion according to an amended installation schedule. The news comes... Continue Reading →
Massachusetts Opens Its Largest-Ever Offshore Wind Solicitation, Plans to Procure 3.6 GW of New Capacity by June 2024
(OW) Massachusetts has opened its fourth offshore wind solicitation which seeks to procure 3.6 GW of new generation capacity and makes this the state’s largest solicitation of this kind to date. Developers can submit bids until 31 January 2024 and the projects will be selected by 12 June next year, with the execution of long-term... Continue Reading →
Brazil planners target 350m tonnes of offshore wind-to-hydrogen a year
(RE) Brazil has the potential to produce up to 1.8 billion tonnes of hydrogen a year at some of the lowest costs in the world, officials in Brasilia have said, with nearly 20% coming from projects supplied with power from offshore wind. For the time being, however, there are no offshore wind projects in development... Continue Reading →
US Offshore Wind Sector Faces Key Test After Weak Gulf Auction
(Reuters) The low interest in the first-ever auction of offshore wind farm development rights in the Gulf of Mexico marks a potentially serious setback for U.S. President Joe Biden’s green energy agenda, and the U.S. offshore wind sector in general. U.S. officials had touted the auction as a key milestone in Biden’s agenda to make... Continue Reading →
Low Interest Shown in US’ First Gulf of Mexico Offshore Wind Auction
Philip Lewis, Contributor Only one of three available areas was sold during the United States' first ever offshore wind lease sale in the Gulf of Mexico on Tuesday. The auction, held my the Interior Department's Bureau of Ocean Energy Management (BOEM) offered up three sites for offshore wind development, including one in Louisiana (Lake Charles) and... Continue Reading →
Cadeler Reports Strong Results, Outlook
(OE) Cadeler A/S published its interim financial report for the first half of 2023 presenting a positive result exceeding the guidance projected for the fiscal year 2023. Revenue in the first six months of 2023 was EUR 68 million, which is an increase of 57% against the same period last year. Adjusted EBITDA for the first half of... Continue Reading →
DEME Reports Strong H1 Performance
(OE) DEME Group has released its half year results saying its orderbook is 7.7 billion euro ($8.3 billion), up 36% compared to H1 2022, reflecting continued healthy demand and strong market positioning across all segments. Group turnover grew 14% year-over-year to 1.5 billion euro ($1.6), with growth in the offshore energy and environmental segments. Net... Continue Reading →
Renewables Competitiveness Accelerates Despite Cost Inflation
(OE) The fossil fuel price crisis has accelerated the competitiveness of renewable power, according to the International Renewable Energy Agency (IRENA). Around 86% (187GW) of all the newly commissioned renewable capacity in 2022 had lower costs than fossil fuel-fired electricity. IRENA’s report Renewable Power Generation Costs in 2022 indicates that new capacity added since 2000... Continue Reading →
First US Gulf Offshore Wind Auction to Fuel Green Hydrogen Push
(Reuters) The U.S. Gulf Coast region, the nation's primary offshore source of oil and gas, has cheap electricity and lacks state mandates for renewable energy procurement, making it an unlikely place to expand one of the most expensive forms of clean energy. That is why players in the nascent U.S. offshore wind industry are looking... Continue Reading →
Brazil Energy Insight 