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(OE) Swedish company Seabased has signed a three-party memorandum of understanding (MoU) with the Government of Grenada and SIDS DOCK to establish Grenada’s first utility-scale wave energy park. The agreement outlines a phased project that will begin with a 2 MW pilot to showcase the potential of wave energy in driving economic and environmental resilience... Continue Reading →
(TN) Subsea7, a global leader in delivering offshore projects and technology for the energy sector, closed the third quarter of 2024 with solid operational and financial performance. Between July and September, the company achieved US$321 million in adjusted EBITDA, up 59% year-over-year, resulting in an adjusted EBITDA margin of 18%, up from 13% in Q3... Continue Reading →
(OE) Scottish ocean energy pioneer Mocean Energy has launched a crowdfunding campaign on Crowdcube, Europe’s largest private market investment platform. The campaign, which is now live, aims to finance the next phase of the company’s growth plans as it looks to mature its wave energy technology. Mocean Energy is working to transform the ocean energy... Continue Reading →
(offshoreWIND.biz) The Netherlands Enterprise Agency (RVO) has published draft regulations and plot decisions for the offshore wind tender for the IJmuiden Ver Gamma and Nederwiek I areas and said that the government would open the tendering procedure in September 2025. Previously planned as a 4 GW, four-site tender, the procedure will offer three sites as one... Continue Reading →
Following the commitments of the government mission from Japan, a Memorandum of Understanding was signed between the state government and Shizen Energy, a Japanese company specializing in renewable energy. The document was signed by Governor Eduardo Leite and representatives of the company. The agreement provides for the performance of feasibility studies for the construction of... Continue Reading →
This annual access tool allows the user to investigate numerous market facets of the Bottom-Fixed and Floating Offshore Wind market. The Q Vision Project Details & Economics module offers 15 distinct lenses covering the value of supply chain segments Substructure (Floater), Turbine, (Mooring), Cabling and Installation. The different lenses focus on developer, designer and regional differences for the future... Continue Reading →
(Reuters) - Major oil and gas companies have ramped up investments in the biofuels sector, betting on sustainable aviation fuel (SAF), with 43 projects expected to be up and running by 2030, consultancy Rystad said in a report. The energy research firm indicates that investments by industry giants such as ExxonMobil , Chevron , BP, Shell, TotalEnergies,... Continue Reading →
(offshore-mag.com) Ocean Winds (OW), the joint venture between EDP Renewables and ENGIE, has signed a memorandum of understanding (MoU) with Universidade Federal do Rio Grande do Norte to support development of an offshore wind energy industry in Brazil. Since 2020, OW has registered five offshore wind energy project proposals with environmental agency IBAMA for a total capacity... Continue Reading →
Specialist offshore wind engineering consultancy Wood Thilsted has signed a memorandum of understanding (MoU) with multiple industry and research institutions to jointly advance nature inclusivity in offshore wind farm designs. The joint industry project (JIP) aims to redefine what it means to create offshore wind farms that positively impact natural ecosystems throughout their lifecycle. The... Continue Reading →
(OE) U.K.-based high voltage (HV) engineering specialist Ventus Energy has launched its U.S. entity with two East Coast locations to further support the rapidly growing offshore wind industry in the United States. Operating as Ventus Energy Incorporated, the primary office is located in Brooklyn, New York, within the Industry City complex, placing it close to... Continue Reading →
Brazil Energy Insight 