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(offshoreEnergy.biz) Following an “outstanding” 2023, Italian cabling giant Prysmian has made a solid start to 2024, reporting a net profit of €190 million for the first quarter of the year, compared to €187 million in the first three months of the prior year. Group sales amounted to €3,687 million, with a -5.6% organic growth, while adjusted EBITDA reached €412 million,... Continue Reading →
(OE) The Bureau of Ocean Energy Management (BOEM) has released two new studies on offshore wind energy in the Gulf of Mexico. The first study, “Gulf of Mexico Offshore Wind Energy Hurricane Risk Assessment” analyzed hurricane risk to wind turbines operating in the Gulf of Mexico. This study concluded that as a minimum, an IEC ”Typhoon Class”... Continue Reading →
(OE) Hy2gen USA, the U.S. subsidiary of German-based green hydrogen producer Hy2gen, and Ocean Connect Energy (OCE) have signed a memorandum of understanding (MoU) to jointly investigate the potential to power renewable hydrogen production from offshore wind. The MoU formalizes a collaboration between the two companies to identify, evaluate, and develop favorable locations to power... Continue Reading →
(Reuters) - French energy company Engie said on Friday first-quarter earnings fell 3.2% as a warmer than usual winter depressed demand for natural gas and price volatility eased, outweighing higher hydropower output. The company, which makes most of its income from producing, transporting and selling gas and electricity, said earnings before interest and tax (EBIT), excluding... Continue Reading →
(Reuters) - Norwegian energy company Equinor has received approval from the New York State Public Service Commission to start building its Empire Wind 1 offshore wind farm, Governor Kathy Hochul said on Thursday. Electricity generated from offshore wind farms is important to U.S. and state goals of cutting greenhouse gas emissions. But the industry has been... Continue Reading →
(Reuters) A consortium including Germany's BayWa r.e. and Belgium firm Elicio won a tender to develop and operate France's first floating offshore wind farm, the 250-megawatt (MW) Bretagne Sud farm, French industry minister Roland Lescure said on Wednesday. The results were announced at a ceremony to mark the start of production at a 500-MW wind... Continue Reading →
Principle Power and Aker Solutions (“FloatHOME” consortium) have been chosen as a winner for the second phase of the U.S. Floating Offshore Wind Readiness (FLOWIN) Prize by the DOE. The award consists of a $450,000 cash prize and $100,000 in technical assistance from the DOE National Labs. Prize money is being used to advance WindFloat®... Continue Reading →
(Reuters) - Colombia's average daily oil output is closing in on 800,000 barrels per day (bpd) even as the Andean country increasingly looks to boost renewable energies, the president of the National Hydrocarbons Association (ANH) regulator said. The government of leftist President Gustavo Petro has said it wants to wean Colombia off of its dependence... Continue Reading →
(Reuters) Maryland Governor Wes Moore signed a bill aimed at reevaluating and potentially revising existing offshore wind project plans, setting the stage for the state's goal of achieving 8,500 megawatts of offshore wind energy capacity by 2031. The bill signed on May 9 will empower the Maryland Public Service Commission (PSC) to open proceedings to... Continue Reading →
(Reuters) - Brazil's Eletrobras, Latin America's largest utility, has signed a memorandum of understanding with Green Energy Park (GEP) to study opportunities for green hydrogen production, the companies said on Tuesday. WHY IT'S IMPORTANT Brazil has been looking to develop a green hydrogen industry as part of efforts to unlock new sectors to power its... Continue Reading →
Brazil Energy Insight 