FibreMax to Offer Global Supply Chain Solutions to Floating Offshore Wind Developers

(OW) Netherlands-based FibreMax has launched a comprehensive range of global supply chain solutions tailored to the needs of floating offshore wind technologies. The array of solutions provided by FibreMax, in collaboration with partners Avient Dyneema and Teijin Aramid, is broad, covering ample production capacity, land-based production facilities, and floating production units, the company said. The... Continue Reading →

February 1, 2024 0

Californian Port Gets $427M Boost for New Offshore Wind Infrastructure

(OE) The U.S. government has awarded a major grant to the Humboldt Bay Harbor, Recreation, and Conservation District for the construction of a new marine terminal to be primarily used for floating offshore wind-related activities. The grant for the Humboldt Bay Offshore Wind MVP (Minimum Viable Port) project comes through the U.S. Department of Transportation’s... Continue Reading →

January 25, 2024 0

Europe Installs Record-Breaking 4.2 GW of Offshore Wind in 2023

(OW) Europe’s offshore wind industry brought online a record 4.2 GW of new capacity in 2023 and is expected to build around 5 GW of offshore wind annually over the next three years, according to WindEurope data. However, this is still not enough to meet the continent’s 2030 climate and energy security targets, WindEurope added.... Continue Reading →

January 22, 2024 0

US Plugs in First Large Offshore Wind Farm as Developers Play Catch-up

(Reuters) The U.S. offshore wind industry reached an important milestone on January 2 when Vineyard Wind 1, the country’s first large scale project, supplied first power to the Massachusetts grid. “As the nation’s first utility-scale offshore wind farm this is a fairly momentous event,” Ken Kimmell, Chief Development Officer for Avangrid, the Iberdrola subsidiary co-developing the... Continue Reading →

January 19, 2024 0

EU Adds 17GW of New Wind Energy in 2023

(OE) The European Union has built 17 GW of new wind energy in 2023, with 3 GW of new capacity coming from offshore wind farms. The WindEurope data shows that Germany built the most new wind capacity followed by the Netherlands and Sweden. The Netherlands built the most new offshore wind, including the 1.5 GW Hollandse... Continue Reading →

January 12, 2024 0

Rebuilding the Foundations of US Offshore Wind

Philip Lewis, Contributor (OE) As we enter a New Year, the memories of the shocks to the foundations to the U.S. offshore wind segment remain fresh. In short, supply chain inflation and capacity/availability, interest rate increases, and tax credit monetization have been the key themes highlighted by developers to explain why many projects became commercially unviable.... Continue Reading →

January 11, 2024 0

Enbridge eyes France for offshore wind investments and will avoid US

(Reuters) - Canadian pipeline company Enbridge (ENB.TO) is keen on further offshore wind investments in France, but will avoid the United States, where cost and supply chain problems have contributed to offshore projects collapsing, a senior executive said. Rising costs have led to canceled projects in the U.S. and Britain while putting others at risk. The setbacks... Continue Reading →

January 11, 2024 0

Seas of Change: UK Ports at the Forefront of Energy Transition

(OE) Ports in the UK such as Aberdeen serve as vital gateways to the offshore energy supply chain, providing services from surveying and construction to operational support, maintenance and decommissioning for oil and gas platforms and renewable energy installations all around the UK coastline. Vessels, moving 84.5 million tons of energy related cargo in 2022,... Continue Reading →

December 28, 2023 0

US offshore wind poised for success next year after turbulent 2023

(Reuters) - The U.S. offshore wind industry is eying a brighter 2024, with work expected to start on several projects following a year marked by stalled developments and billions of dollars in write-offs. The offshore wind industry is expected to play a major role in helping several states and U.S. President Joe Biden meet goals... Continue Reading →

December 22, 2023 0

Top 10 Things to Watch in Offshore Wind in ’24

(OE) Despite short-term obstacles driven by high inflation and interest rates coupled with supply chain issues, we maintain that the foundations supporting long-term offshore wind activity remain solid. As we prepare for the new year, let us look at 10 factors that will shape the offshore wind sector in 2024. 1. A Continuously Dynamic Energy... Continue Reading →

December 20, 2023 0