(OE) Engineering consultancy Wood Thilsted has been appointed as a detailed design engineer for US Wind’s MarWin project, the company’s first offshore wind project to be constructed off the coast of Maryland, U.S.. Apart from being responsible for the delivery of the detailed foundation design for MarWin, Wood Thilsted will also be supporting the development... Continue Reading →
AKOFS Offshore to deploy Hydramec’s LARS for subsea activities in Brazil
AKOFS Offshore has ordered a bespoke active heave compensated (AHC) launch and recovery system (LARS) from Hydramec and Scantrol to be used for subsea basket deployment. Working directly alongside AKOFS for the first time, Hydramec and Scantrol have teamed up to deliver the LARS which required some design changes to suit a new subsea basket... Continue Reading →
Analysis: U.S. renewables investors see Senate bill sparking gold rush
(Reuters) - For the first time, investors seeking to pour cash into U.S. clean energy projects can count on at least a decade of generous federal subsidies, offering them long-sought confidence in the staying power of the world’s third biggest renewables market. Tax credits for wind and solar projects have underpinned explosive growth in U.S.... Continue Reading →
Dutch company develops offshore wind-powered hydrogen production platform
The Netherlands-based engineering company Iv-Offshore & Energy has developed a platform that uses offshore wind energy to produce 85 kilotonnes of hydrogen per year. With a capacity of 500 MW, the platform can produce enough green hydrogen in a single day to power more than 300,000 hydrogen cars to drive at least 100 kilometres, the... Continue Reading →
Macquarie targets North Sea as the green energy hub of Europe
(EV) Macquarie Group is betting the North Sea – engine of the UK’s once-booming oil and gas industry – can be transformed into the green energy hub of Europe. The Australian bank, one of the top energy-infrastructure investors, has been acquiring offshore wind farms, pipelines and networks that will be in prime position to produce, carry... Continue Reading →
SBM Orders Seventh Fast4Ward Hull
Dutch FPSO leasing specialist SBM Offshore has ordered its latest Fast4Ward multi-purpose floater hull as it marked a new record level order book at $31.1 billion. The latest Fast4Ward floating production unit (FPU) is expected to be delivered in 2024, the firm said yesterday in its half year earnings. It also said it could have... Continue Reading →
Wood to Deliver Design for Salamander Floating Wind Project in Scotland
Engineering firm Wood said it has been awarded the Principal Designer and Pre-FEED scope for Salamander, the 100MW floating wind farm development located 35km off Peterhead in the East Coast of Scotland. The Salamander project, a joint venture between Simply Blue Group, Ørsted and Subsea 7, will contribute toward achieving the UK government’s target of... Continue Reading →
X1 Wind’s Floater Concept Ready for Testing
Technology developer X1 Wind said it has laid its dynamic cable clearing way for final installation of its fully functional floating wind prototype at the PLOCAN Test Site, in the Canary Islands. Having installed the modular concrete gravity anchoring system last spring, the Barcelona-headquartered firm is now announcing another milestone in its first ocean deployment... Continue Reading →
Cerulean Winds, Ping Petroleum plan UK floating wind-powered offshore oil rig
(Reuters) - Renewables developer Cerluean Winds and Ping Petroleum UK have signed an agreement to create an offshore oil facility powered by wind energy in Britain, the companies said on Tuesday. Under the agreement, the production unit at Ping Petroleum’s Avalon site in the UK's North Sea will be powered by a floating offshore wind... Continue Reading →
Wind turbine maker Siemens Gamesa makes deeper cuts to profit view
(Reuters) - Wind turbine maker Siemens Gamesa (SGREN.MC) lowered its 2022 profitability expectations even further on Tuesday and said it would remain negative through 2023, citing expensive raw materials, component failures and geopolitical uncertainty. The group cut its full-year core earnings margin forecast to minus 5.5% from minus 4%, including gains from selling its development division. Competition,... Continue Reading →