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Ocean Ventus has launched a low-cost, low-steel floating wind solution which has received Approval in Principle from DNV. It has a tubular design, and its main steel weight is approximately 3,000t for a 15MW turbine. Offshore wind targets imply an eight-fold increase in installed capacity to 2030, with 32 GW of floating wind expected to... Continue Reading →
Offshore wind developers Ørsted and Eversource marked the sailaway of the first U.S.-built offshore wind substation, which departed a Texas fabrication facility Wednesday. The substation is transiting across the Gulf of Mexico and then up the East Coast for installation at the South Fork Wind project site in a few weeks. Kiewit Offshore Services, Ltd.... Continue Reading →
Floating wind farm and technology developer BW Ideol has signed a Head of Terms with Elawan Energy, an ORIX company based in Spain, for the joint development of a multi-GW floating offshore wind pipeline off Spain and Portugal, subject to further negotiation of the final agreement between the Parties. In Spain, Elawan Energy has more... Continue Reading →
(OE) The offshore substation and jacket foundation, bound for the U.S. offshore wind project Vineyard Wind 1, have left the quay at Bladt Industries’ production site in Southern Denmark, heading for its destination 35 miles from mainland Massachusetts. Sail-away is on time according to the original schedule and is a major milestone for the project... Continue Reading →
(OE) The global floating solar market is expected to pass the six-gigawatt (GW) threshold by 2031, as PV developers struggle to meet growing solar demand and look to alternate development technologies, energy intelligence firm Wood Mackenzie said in a report Wednesday. “The global solar industry, including PV developers, continue to battle limited land availability and... Continue Reading →
Exclusive article from TN Magazine The oil industry's activity resembles a moving bicycle. Without new impulses, the activity remains for a while, but tends to gradually decline and eventually cease. In the oil sector, these impulses can be given in two ways: with the exploration of new areas; or with investments in existing fields to... Continue Reading →
(OE) Denmark-based power cable-making and installation firm NKT said it would invest around one billion euros in its high-voltage power cable business, including a new high-end cable laying vessel, and a new offshore cable production plant in Sweden. NKT said the investment was needed so the company can deliver on its recently secured significant order... Continue Reading →
(Reuters) - Brazilian energy company Raizen Energia SA (RAIZ4.SA) is mulling divestment opportunities and strategic partnerships to drive growth across its business units, company executives said on Wednesday. Raizen, a joint-venture between Shell PLC (SHEL.L) and Cosan (CSAN3.SA), has many assets that could be monetized through sales or partnerships, its CEO Ricardo Mussa said during a meeting with investors and... Continue Reading →
(Reuters) British power generator and network operator SSE Plc on Wednesday set out plans to invest up to 40 billion pounds ($50.48 billion) this decade on clean energy projects and called on the government to ensure the country remains competitive. Britain is aiming to ramp up its renewable power capacity as it seeks to meet... Continue Reading →
(OE) Big Western wind turbine makers need direct financial support to make the investments needed to aid decarbonisation, Siemens Gamesa's operating chief said on Tuesday. The challenge for a turbine maker like Siemens Gamesa, a unit of Germany's Siemens Energy ENR1n.DE, to grow is that it needs to invest billions of euros but does have... Continue Reading →
Brazil Energy Insight 