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(OE) The U.K. government has allocated $400 million, via publicly-owned clean energy company Great British Energy, to strengthen the domestic offshore wind supply chain. The funding, announced by U.K.’s Prime Minister Keir Starmer, will boost domestic jobs, mobilize additional private investment, and secure manufacturing facilities for critical clean energy supply chains like floating offshore platforms.... Continue Reading →
(offshoreWIND.biz) The Portuguese government has outlined the framework for the country’s first auction of commercial-scale offshore wind farms, which is expected to take place later this year. Published on 21 April in the Diário da República, the order sets out a centralised sequential model for allocating offshore wind development areas, in alignment with the National Energy... Continue Reading →
(Reuters) - GE Vernova reported first-quarter revenue on Wednesday that beat Wall Street estimates on the back of strong performance at its power and electrification units, sending its shares up more than 8% in premarket trading. The results come at a time when the power industry is bracing for the impact of the Trump administration's sweeping tariffs and policies,... Continue Reading →
(offshore-energy.biz) Prysmian’s new cable laying vessel (CLV) Monna Lisa has been loaded for the first time with submarine cable, destined for what will become the largest U.S. offshore wind farm once operational. Prysmian reported two days ago that submarine cable for Dominion Energy’s Coastal Virginia Offshore Wind (CVOW) project was being loaded on Monna Lisa... Continue Reading →
(offshoreWIND.biz) Dutch Fugro has realigned its operations in the Americas by reducing its workforce and scaling back operations due to expected lower revenues caused by a pause in new offshore wind projects. In the financial update for the first quarter of 2025, Fugro stated that rapidly increased geopolitical and economic uncertainties influencing client investment behaviour worldwide add... Continue Reading →
(OE) New York Governor Kathy Hochul has said she would fight the federal decision to halt all construction for the Empire Wind 1 offshore wind project made by the U.S. Department of the Interior (DOI). The U.S. Interior Secretary Doug Burgum ordered a halt to construction on Equinor's Empire Wind project off the coast of... Continue Reading →
Cerulean Winds, the lead developer of the Aspen, Beech and Cedar floating offshore wind farms, has appointed two new senior executives to help shape the future of the company. Tom Scrope joins as Cerulean Winds’ first Chief Financial Officer (CFO). Scrope will be focused on shaping the financial model of the business, capital raising and... Continue Reading →
(OE) China's first integrated offshore hydrogen-ammonia-methanol project, which will produce clean fuels for ships, has entered the trial operation phase in Yantai, in eastern Chinse province of Shandong. Jointly developed by CHN Energy Hydrogen Energy Technology, CIMC Raffles and Guoneng Hydrogen Innovation Technology (Beijing), the initiative represents the nation’s first comprehensive demonstration project for offshore... Continue Reading →
(OE) Gazelle Wind Power, a Dublin-based floating wind developer, has secured a 10-year TUPEM (Titulo de Utilizacao Privativa do Espaco Marítimo) authorization, clearing the way for the deployment of its 2 MW Nau Azul floating wind demonstrator project off Portugal. Issued by Portugal’s Directorate-General for Natural Resources, Safety and Maritime Services (DGRM), the TUPEM authorization... Continue Reading →
(Reuters) - Ireland will go ahead with at least three more offshore wind auctions by the end of this decade, its marine minister told Reuters on Thursday, adding that it was unlikely the country would meet its target of 80% of electricity generation from renewable sources by 2030. The commitment to offshore wind comes despite... Continue Reading →
Brazil Energy Insight 