Brought to you by Quest Offshore & Southern Cone Consultants
(OW) Nine US East Coast states and four federal agencies have signed a memorandum of understanding (MoU) to strengthen regional collaboration on offshore wind supply chain development. In addition, the US Department of Energy (DOE) revealed that multiple projects received funding totalling USD 72 million to address wind energy deployment challenges. According to a press... Continue Reading →
(PN) Ocean Winds (OW), an international company dedicated to offshore wind energy and created as a 50-50 joint venture in 2020 by EDP Renewables and ENGIE global, and PRUMO LOGÍSTICA, one of the main players in the logistics and infrastructure sector in Brazil, joined forces through a Memorandum of Understanding (MoU) that reinforces the two... Continue Reading →
(PN) Ramboll, a multinational consultancy specializing in engineering and multidisciplinary projects, is one of the world leaders in offshore wind energy and is in charge of several projects being studied in Brazil. The company is involved in more than 55% of all operating offshore wind projects around the world. Operating in all the main offshore... Continue Reading →
(Reuters) The value of Danish energy company Orsted, the world's largest offshore wind farm developer and a big player in the U.S., has plunged about 31% since it declared $2.3 billion in U.S. impairments in late August due to supply delays, high interest rates and a lack of new tax credits. The company is just one... Continue Reading →
(OW) New and existing offshore wind farms could help generate large amounts of green hydrogen and support the UK and EU meet their net zero targets, if the necessary infrastructure can be put in place, according to a new report commissioned by Crown Estate Scotland. The “Commercial Models for Future Hydrogen Production” report, written by Xodus Group,... Continue Reading →
Philip Lewis, Contributor (OE) Global floating wind capacity will have grown from less than 200 MW at the end of 2022 to around 61 GW of grid connected capacity by 2035. This activity will require over $250 billion in capital expenditure. Over 75% of the forecast activity is expected to come from four countries. The global... Continue Reading →
Philip Lewis, Contributor (OE) Much has been written recently about the challenges facing U.S. offshore wind projects, resulting in requests to terminate or renegotiate contracts to sell power to states. Examples of these challenges can be found from Massachusetts to Virginia. Coming on top of last week’s somewhat disappointing events of the Gulf of Mexico lease... Continue Reading →
Philip Lewis, Contributor Only one of three available areas was sold during the United States' first ever offshore wind lease sale in the Gulf of Mexico on Tuesday. The auction, held my the Interior Department's Bureau of Ocean Energy Management (BOEM) offered up three sites for offshore wind development, including one in Louisiana (Lake Charles) and... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has signed memorandums of understanding (MOUs) with the China Development Bank (CDB) and the Bank of China, aimed at (i) evaluating investment opportunities and cooperation in low carbon and green finance initiatives, (ii) financing Petrobras' supply chain, and (iii) increasing and facilitating commercial and financial exchanges between... Continue Reading →
(Reuters) The U.S. Gulf Coast region, the nation's primary offshore source of oil and gas, has cheap electricity and lacks state mandates for renewable energy procurement, making it an unlikely place to expand one of the most expensive forms of clean energy. That is why players in the nascent U.S. offshore wind industry are looking... Continue Reading →
Brazil Energy Insight 