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(OE) NOV has unveiled a new installation vessel concept design tailored specifically for the unique challenges of the emerging floating offshore wind sector. Floating wind farms are often farther offshore, in deeper waters and in harsher environments, therefore requiring new and robust installation strategies. According to NOV, its new floating wind installation vessel (FWIV) concept—part... Continue Reading →
(OE) Spanish renewable energy giant Iberdrola said on Monday it would invest nearly 14 billion euros ($15 billion) in Britain through 2028 in grids and renewable projects. The plan is in line with the company's broader investment strategy, which has seen a growing focus on networks, whose returns tend to be predictable, and a more... Continue Reading →
Philip Lewis contributor (OE) The U.S. offshore wind market presents a $1 billion long-term opportunity to builders of crew transfer vessels (CTV) and service operation vessels (SOV) that will support both wind farm construction and long-term operations and maintenance. Unlike many of the construction vessels to be deployed on U.S. wind projects, CTVs and SOVs... Continue Reading →
(OW) Octopus Energy’s generation arm has taken a 12.5 per cent stake in the 660 MW Walney Extension offshore wind farm located in England. Octopus Energy bought the stake in Walney Extension from AIP Management, the investment manager for Danish pension fund PKA and PFA. The wind farm features 87 wind turbines, each taller than... Continue Reading →
(Reuters) - Brazil has signed onto an agreement to triple renewable energy globally by 2030 and shift away from using coal, the country's Foreign Ministry said on Friday, joining a prospective deal backed by the European Union, U.S. and United Arab Emirates. South America's largest country is now one of roughly 100 countries that have signed onto... Continue Reading →
(epbr) Vale's president, Eduardo Bartolomeo, highlighted that the company, the largest individual consumer of energy in Brazil, could guarantee the demand for national green hydrogen with the production of green steel and consumption of biofuels in its fleet. Jean Paul Prates, president of Petrobras, reiterated the possibility of the company using green hydrogen, produced by... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors approved, at a meeting held today, the Strategic Plan for the five-year period 2024-2028 (SP 2024-28+), planning to invest US$ 102 billion over the next five years. The first plan of this administration, the SP 2024-28+ aims to prepare Petrobras for the future and... Continue Reading →
(OW) UK-based Rovco has completed all survey work on behalf of Flotation Energy and Vårgrønn for the planned Cenos floating offshore wind farm in Scotland. The Cenos floating offshore wind farm is located in the Central North Sea, 200 kilometres off the coast of northeast Scotland. The geo-environmental survey was completed over an area covering... Continue Reading →
(OW) The French Government has specified the location of two floating wind projects, around 250 MW each, and their subsequent extensions in the Mediterranean Sea. The two sets of projects of around 750 MW each, which should include a maximum of around 50 wind turbines, will be located within zones 1 and 2. In zone 1... Continue Reading →
The Finnish Government has adopted a resolution to launch the tendering procedure for five offshore wind projects in public water areas. With the government resolution, Metsähallitus will immediately launch the process to select the implementing partners for two offshore wind power projects. The competitive tendering procedures to be launched this year will concern the offshore... Continue Reading →
