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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 →
(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 →
(OffshoreMagazine)Rain Byars, technical and delivery director with Atlantic Shores Offshore Wind, provided a developer's perspective on US offshore wind during her keynote session on May 7 at the Offshore Technology Conference (OTC). The dedicated offshore wind thread was a first at OTC this year. Byars has 14 years of experience in offshore wind, and prior to... Continue Reading →
(Reuters) - Brazilian power giant Eletrobras (ELET6.SA), opens new tab reported late on Wednesday a first-quarter net profit of 331 million reais ($65 million), down 19% from a year earlier as it resumed investments in the transmission segment. WHY IT'S IMPORTANT Eletrobras is Latin America's largest utility and has been implementing new strategies after it was privatized in June... Continue Reading →
(offshoreWind.biz) The first Siemens Gamesa’s SG 11.0-200 DD wind turbine has been installed at the Gode Wind 3 offshore wind farm in Germany. In addition, the 253 MW project has started producing electricity for the first time and delivering it to the transmission network. On 23 April, the first of 23 Siemens Gamesa turbines was... Continue Reading →
(OE) Italian cable maker and installation services provider Prysmian has named Massimo Battaini as its new chief executive officer and general manager. The new CEO appointment also marks the entering into force of the new organizational structure, aimed at supporting the company’s strategic plan and value creation, Prysmian said. The new organization, as already announced... Continue Reading →
(offshoreWIND.biz) The California Independent System Operator (ISO) has unveiled its draft 2023-2024 Transmission Plan, which includes 26 proposed projects worth USD 6.1 billion (approximately EUR 5.6 billion), with a majority of the investment related to offshore wind. According to the California ISO, the plan is based on the state projections that California needs to add... Continue Reading →
(offshoreWIND.biz) National Grid Ventures (NGV) and Con Edison Transmission have submitted plans for building a transmission infrastructure that will connect offshore wind power to the New Jersey electricity grid. The project, named the Garden State Energy Path, proposes laying underground cables that will enable the delivery of approximately 6 GW of offshore wind power from... Continue Reading →
(Reuters) Offshore wind energy development presents an opportunity to add transmission capacity to the U.S. East Coast's power system that could ensure reliability for electric grid, according a study released by the U.S. Department of Energy (DOE) on Thursday. "This would allow offshore wind transmission to provide energy to areas of high demand and reduce... Continue Reading →
(Offshore-energy.biz) Italian cabling giant Prysmian in 2023 delivered what it says was a “remarkable performance” with “outstanding” financial results, record backlog in Transmission, as well as increased 2030 emission reduction ambition. For the financial year 2023, Prysmian’s adjusted EBITDA rose by 9.4% to €1,628 million, with improving margins at 10.6% compared to 9.3% in 2022 – a year that Prysmian... Continue Reading →
Brazil Energy Insight 