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Five developers selected to build the first floating wind farms in U.S. federal waters (OE) To support the California Energy Commission’s planning goals of 2-5 GW of offshore wind by 2030 and 25 GW by 2045 as well as a federal target to deploy 15 GW of floating wind by 2035, the Bureau of Ocean... Continue Reading →
Five leases were offered by the Bureau of Ocean Energy Management (BOEM) in thefirst-ever offshore wind lease sale on the US west coast and the first-ever US sale to support commercial-scale floating offshore wind energy development opportunities. With a bid of USD 130 million for 80.062 acres in the Pacific Ocean, Equinor secured a ~2-gigawatt... Continue Reading →
The United States' first sale of offshore wind development rights off the coast of California attracted more than $400 million in bids on Tuesday from companies seeking a foothold in the domestic industry's expansion to the Pacific Ocean. The auction, which will continue on Wednesday morning, is a major milestone in the Biden administration's push to put wind... Continue Reading →
(OED) Triton Anchor, a developer of an anchoring solution for the floating offshore wind industry, announced on Wednesday the closing of its initial funding round. The funds will be used to accelerate platform development as the company scales its products from prototype to general release, expands market outreach, and grows its team, Triton Anchor said.... Continue Reading →
(Reuters) France fell behind in rolling out wind farms despite vast resources, the chief executive of Engie, one of the country's main power and gas suppliers, said on Tuesday. "We have the second-largest European resources in terms of offshore wind in France and we have almost nothing today that generates power (with this wind)," said Catherine MacGregor at a... Continue Reading →
“It is quite clear that liquid hydrogen is the cheapest option. It is much cheaper than ammonia when you look at the whole cycle of putting the hydrogen into the ammonia and taking the hydrogen out. If you can have liquid hydrogen which is stored without loss or very low loss, then liquid hydrogen is... Continue Reading →
(Reuters) - Renewable energy firm Orsted (ORSTED.CO) on Tuesday said it intends to invest in a large-scale facility in Denmark to produce green hydrogen, considered a cornerstone of the shift to cleaner energy. The first stage of the investment in the so-called Power-to-X facility is estimated at somewhere between 1 and 5 billion Danish crowns ($141-$705 million),... Continue Reading →
(OE) Marco Polo Marine, a Singapore-listed offshore vessel company, is looking to enter the Japanese offshore wind market and has signed a memorandum of understanding with "K" Line Wind Service in that regard. Both parties, according to Marco Polo Marine, want to own and run suitable offshore support vessels that will serve customers in the... Continue Reading →
(Reuters) - Global renewable power capacity growth is set to double over the next five years, driven by energy security concerns in the wake of Russia's invasion of Ukraine, the International Energy Agency (IEA) said on Tuesday. In an annual report on the outlook for renewables, the IEA said capacity worldwide is expected to grow... Continue Reading →
(Reuters) - The United States on Tuesday is set to kick off the first sale of offshore wind development rights for waters off the coast of California, expanding the nascent domestic industry to the Pacific Ocean. The auction is a major milestone in the Biden administration's push to put wind turbines along every U.S. coastline... Continue Reading →
Brazil Energy Insight 