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(Reuters) - European manufacturers are considering investing hundreds of millions of dollars in Vietnam to build wind turbines plants, sources familiar with the situation said, as the country gears up to exploit its large untapped potential in offshore wind. The Southeast Asian country is seen as a potential major player in the sector because of... Continue Reading →
(OED) French energy major TotalEnergies, in partnership with Simply Blue Group, has secured a marine license for the 100MW Erebus project, Wales' first planned floating wind farm. The project is owned by Blue Gem Wind, the joint venture between TotalEnergies and Simply Blue Group. Erebus is located approx 40km off the Pembrokeshire coastline and is planned to... Continue Reading →
Dutch General and Military Intelligence and Security Services (AVID and MVID) have sent a letter to the government together with an update on the latest insights into activities being covertly conducted by Russia, including those that are potentially being carried out in preparation for sabotage of the Dutch energy infrastructure in the North Sea. On... Continue Reading →
The U.S. administration on Wednesday proposed the first-ever offshore wind lease sale in the Gulf of Mexico, as part of the government's plan to spur offshore wind deployment beyond the East Coast. The proposed sale is part of the leasing path announced by Secretary Haaland in 2021 to meet the Biden-Harris administration’s goal to deploy 30 gigawatts... Continue Reading →
(Reuters) - Spain's biggest utility Iberdrola (IBE.MC) expects its net profit to increase by 8% to 10% this year from 2022, it said on Wednesday, discounting the country's windfall tax that would cut the growth rate to the mid-single-digit. Following Russia's invasion of Ukraine a year ago, energy markets in Europe hit record highs, adding to economic... Continue Reading →
U.S.-based marine services company TDI-Brooks announced it was awarded geophysical, geotechnical and benthic sampling survey campaigns to study seabed conditions within the project lease area and potential export cable corridors for offshore wind farms off the U.S. East Coast. TDI-Brooks said it expects to begin the program in April and will continue through summer 2023... Continue Reading →
(OED) The floating offshore wind industry is in its early stages of development but is poised for rapid growth, with full commercialization possible in a little over a decade, according to a recent DNV survey. However, the industry faces challenges, including a lack of port infrastructure and anchor handlers, high cost, as well as an... Continue Reading →
(Reuters) - French energy company Engie (ENGIE.PA) reported a sharp increase in its annual profit, helped by higher natural gas and power prices in the wake of Russia's invasion of Ukraine. The company said its net recurring income for 2022 totalled 5.2 billion euros ($5.55 billion), up from 2.9 billion euros in 2021. Full-year earnings before tax... Continue Reading →
(OW) Denmark plans to put 9 GW of new offshore wind capacity out to tender by the end of the year in an effort to increase its offshore wind capacity fivefold by 2030, according to the country’s Ministry of Climate, Energy and Utilities. The government and the authorities are working to ensure that there is... Continue Reading →
The Netherlands-based Fugro has signed a letter of intent to optimise and perform a site characterisation programme for undisclosed offshore wind development on the U.S. East Coast. The programme is focused on accelerating the construction and operations permitting process and represents Fugro’s latest work on the U.S. East Coast. Fieldwork will being in the second... Continue Reading →
Brazil Energy Insight 