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(Reuters) - Brazil has increased hydroelectric generation to near-record rates in 2022 and 2023 – reducing the need to import liquefied natural gas (LNG) and freeing cargoes to be redirected to ease the gas shortage in Europe. Brazil’s total electrical generation rose by +21 billion kilowatt-hours (kWh) to a record 677 billion kWh in 2022,... Continue Reading →
(OET) Flotation Energy has signed a multi-million-dollar deal to start environmental surveys in the Bass Strait region in Australia despite licences for potential offshore wind projects not being awarded until later this year. Flotation Energy signed a USD 22 million contract with RPS to commence its two-and-a-half-year programme of environmental surveys for the 1.5 GW... Continue Reading →
(OW) Massachusetts’s electric distribution companies Eversource Energy, National Grid and Unitil have agreed to terminate their power purchase agreements (PPAs) for the Commonwealth Wind offshore wind farm at the request of the project developer, Iberdrola-owned Avangrid, which will pay USD 48 million in penalties for the termination that is yet to be approved by the... Continue Reading →
(Reuters) Portugal has increased its ambitions for offshore wind energy and has sharply raised its target for a first auction of offshore floating windfarm licenses, Environment Minister Duarte Cordeiro told Reuters on Tuesday. Cordeiro said the sale, due to take place by the end of the year, will target a total installed capacity of between... Continue Reading →
(ON) Brazil was able to cop a total of US$12.882 billion in signing bonuses from 15 block awards in its pre-salt area since the state-owned Petrobras made the first discovery back in 2006. This is according to the recent Economic Commission for Latin America and the Caribbean (ECLAC) report. The pre-salt is a sequence of... Continue Reading →
(OET) Fugro’s survey vessel Fugro Brasilis has arrived at the Port of Willemstad in Curaçao ahead of offshore surveys the company will perform as the Curaçao government is working on identifying areas for floating wind development. The work, scheduled to start today (17 July) and take place until 29 July, follows a memorandum of understanding... Continue Reading →
(OE) Plans for floating wind farm development off the coast of Wales and South West England are progressing as the first specialist survey vessel embarks on a 100-day mission from Swansea. With a crew of 30, the vessel will use towed and hull-mounted sensors to gather geophysical data on the properties of the seabed and... Continue Reading →
An inter-ministerial working group on offshore wind set up by the Portuguese government as part of the process of organising the country’s first offshore wind tender has narrowed down the initially identified areas to three that would be offered for development later this year. As reported at the beginning of this year, the working group... Continue Reading →
Following the results of the latest German offshore wind auction, which went into the so-called negative bidding stage and ended up earning the State billions from the winning developers, WindEurope warned that this would be passed on to consumers and the supply chain, and called on the German government to avoid this approach in future... Continue Reading →
The UK Secretary of State for Energy Security and Net Zero has granted development consent to Hornsea Project Four, a 2.6 GW offshore wind farm Ørsted plans to build some 69 kilometres off the Yorkshire Coast. The UK government, in a press release issued on 12 July, stated that Hornsea Four was the 126th Nationally... Continue Reading →
Brazil Energy Insight 