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(OE) Samsung Heavy Industries (SHI) and Equinor have signed a preferred supplier agreement for floating structures for the 750 MW Bandibuli offshore wind project being developed in South Korea. The supplier agreement for the fabrication and marshalling of the floating substructures for Bandibuli’s wind turbines was signed by SHI and Equinor on August 7, 2024.... Continue Reading →
(OE) BlueFloat Energy has revealed the site location for its floating wind project, which will participate in the upcoming floating demonstration program, due to be launched by the Taiwanese government later in 2024. The ‘Winds of September Phase 1’ project, in development since 2021, will involve the installation of up to 12 floating platforms for... Continue Reading →
Barry Parker, Contributor of bdp1 Consulting Ltd (OE) Early 2024 saw a group of financial deals that have implications, in a broad sense, for how offshore wind projects may be financed. While offshore wind projects might be thought of as being in the ‘utility finance’ basket, they are ultimately high-risk deals that might better suit the... Continue Reading →
Tokyo Gas has acquired a 21.2 per cent stake in WindFloat Atlantic, the 25.2 MW floating offshore wind farm in Portugal. WindFloat Atlantic, operated by Windplus, a majority-owned subsidiary of Ocean Winds, has been operational since 2020. According to the Japanese company, this is Tokyo Gas’s first direct investment in an overseas floating offshore wind... Continue Reading →
Law No. 14,948/2024, which establishes the legal framework for low-carbon hydrogen, was published August 2, 2024, in an extra edition of the Official Gazette of the Union. The law assigns ANP the powers to regulate, authorize and monitor the exercise of hydrogen exploration and production activities in Brazil. According to the new legal framework, ANP... Continue Reading →
(Source: The Conversation) Offshore winds have the potential to supply coastlines with massive, consistent flows of clean electricity. One study estimates wind farms just offshore could meet 11 times the projected global electricity demand in 2040. In the U.S., the East Coast is an ideal location to capture this power, but there’s a problem: getting electricity... Continue Reading →
(offshoreWIND.biz) Japan’s Sumimoto Corporation and JGC Japan Corporation have signed an agreement to investigate the possibility of collaboration in the detailed design, manufacture, and delivery of structural components for floating offshore wind turbines. According to the companies, they aim to cut costs, improve efficiency, and mass-produce structures for floating wind farms, while also setting up... Continue Reading →
(offshoreWind.biz) The global energy landscape is undergoing a transformation with an increasing demand for clean and renewable energy sources. Wind energy is a crucial player in this transition. The technology that can increasingly contribute to this development is floating offshore wind. This promising technology is key to unlocking the potential of wind energy in deeper... Continue Reading →
(Reuters) The U.S. Bureau of Ocean Energy Management said on Friday it is seeking competitive bids for offshore wind leases off the coast of Texas after renewable energy developer Hecate Energy Gulf Wind LLC made an unsolicited bid. The administration of President Joe Biden sees offshore wind power as a vital part of a broader... Continue Reading →
The U.S. Department of Energy’s (DOE's) Wind Energy Technologies Office (WETO) has issued the Offshore Wind National and Regional Research and Development Funding Opportunity, which will award $48.6 million for projects that address several major areas of need for offshore wind. The areas include accelerating research and development of floating offshore wind platforms, exploring innovations... Continue Reading →
Brazil Energy Insight 