(Reuters) U.S. utility firm Dominion Energy said on Thursday it would sell a 50% non-controlling interest in its Coastal Virginia offshore wind farm to Stonepeak to help fund construction of the roughly $10 billion project. Dominion said it would retain full control of the construction and operation of the project, with Stonepeak to pay for... Continue Reading →
By Tina Casey (CT) Just a few months ago the US offshore wind industry seemed to be headed for the rocks, accompanied by much cheering on the part of groups opposed to renewable energy. Well, that was then. The industry is on track to replace all the contracts that faltered last year, and then some,... Continue Reading →
Today Hexicon AB (publ.) signed a Sales and Purchase Agreement (SPA) to take full ownershipof MunmuBaram Co., Ltd. from its joint venture partner Shell Overseas Investments B.V. Underthe agreement, Hexicon AB will increase its stake in the project from 20 % to 100 %, increasingthe project portfolio by 900 MW. Completion of the transaction is... Continue Reading →
(Reuters) - Siemens Energy (ENR1n.DE), opens new tab is confident it can solve quality issues at its onshore wind division but that process could take several years, its CEO said in written remarks published ahead of the group's annual general meeting (AGM). "The losses we incurred in our wind business and the underlying problems are unacceptable. We... Continue Reading →
(OE) The government of Maine has selected a section of state-owned area on Sears Island as its preferred site for a port facility development that will support the floating offshore wind industry. The selection of the site, announced by the Governor of Maine Janet Mills, follows an extensive public stakeholder process led by the Maine... Continue Reading →
(RZ) The European Commission (EC) is allotting up to $7.43 billion (EUR 6.9 billion) in public funding for hydrogen infrastructure projects. The EC approved the third Important Project of Common European Interest (IPCEI), which aims to boost the supply of renewable energy in the European Union (EU), reduce dependence on natural gas, and help achieve... Continue Reading →
(OET) Thermoplastic composite pipes (TCP) have shown exceptionally low hydrogen permeation values, demonstrating technical suitability for high-pressure hydrogen service, Dutch TCP producer Strohm reported following a TCP hydrogen testing program. Strohm recently completed an extensive six-month hydrogen testing program on its TCP at Tüv-Süd in Germany, which saw the comprehensive permeation assessment cover a range of... Continue Reading →
(OET) Subsea power cable manufacturer NKT has reported a record-high order backlog for high-voltage cables for 2023, with 45% of orders coming from offshore wind. At the end of last year, NKT’s order backlog was at €10.8 billion, more than double the company saw at the end of 2022. In its full-year 2023 results, the... Continue Reading →
(OM) The start of 2024 marks a period where the “readjustment” of the US wind segment is becoming more apparent, according to recent analysis from market analysis firm Intelatus Global Partners. At a federal level, nearly nine gigawatts (GW) of lease potential in the Central Atlantic and Oregon have passed further hurdles to be auctioned... Continue Reading →
(PN) The director of Energy Transition and Sustainability at Petrobras, Mauricio Tolmasquim, said today that the company is still awaiting the approval of a legal framework for offshore wind power to definitively enter this new sector. “We will not enter offshore wind until we have the regulatory framework. But just having the law is not... Continue Reading →
