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Philip Lewis, Contributor (OE) Tens of gigawatts of floating wind projects are slated for development in this and the next decade, but many obstacles remain. There has been much focus on the emerging floating wind market of late. The U.K. is forging ahead with commercial scale floating wind developments through the Scotwind and INTOG awards of... Continue Reading →
(OW) Spain-headquartered BlueFloat Energy and Greenvolt have joined forces to develop offshore wind projects in Portugal. According to the partners, Portugal holds great potential for offshore wind, which is now recognised by the national policymakers who seek to unlock the potential of this technology to deliver on the country’s decarbonisation targets. Portugal has recently identified... Continue Reading →
Subsea 7 has reported a revenue of $1.2 billion for the first quarter of 2023, a 4 per cent increase compared to the same period last year, stating it is on track to achieve a higher whole-year revenue than in 2022. The revenue increase is said to reflect strong growth of 18 per cent in... Continue Reading →
(OE) Export Finance Norway (Eksfin) has financed Nexans Norway’s new UK export cable contract with NOK 2bn (£155m) in loan guarantees. "The transaction covers the export and installation of advanced high-voltage subsea cables for the Moray West wind farm off the coast of Scotland. Export Finance Norway (Eksfin)’s global portfolio of loans and guarantees covering... Continue Reading →
(OE) Danish offshore wind installation firm Cadeler said Tuesday it had signed two contracts with Ørsted for the Hornsea 3 offshore wind farm in the UK. Cadeler said that together, the two contracts constitute a very large contract award. Cadeler classifies a very large contract as being worth between 500-700 million EUR. The first contract... Continue Reading →
(Reuters) After a bumper year for floating offshore wind farm tenders, the nascent industry is poised for explosive growth in the coming decade as countries strive to cut their carbon emissions. But it's unlikely to be all plain sailing. Rising costs and supply chain bottlenecks have hit some projects and without investment in infrastructure to... Continue Reading →
(Reuters) - Energy ministers from European countries surrounding the North Sea are set to pledge to quadruple offshore wind energy capacity by the end of the decade as they aim to turn the region into an engine of renewable power. Seven European Union countries, including Germany, France and the Netherlands, alongside non-EU countries the United... Continue Reading →
Fugro is set to deploy its Seawatch floating LiDAR, surface metocean equipment buoys and seabed landers at the offshore site in Scotland where ScottishPower Renewables plans to build its 2 GW MachairWind offshore wind farm, with seabed surveys scheduled to start this summer. Using the Forth Warrior vessel, this month, Fugro will install the equipment at two separate locations... Continue Reading →
Philip Lewis, Contributor Tens of gigawatts of floating wind projects are slated for development in this and the next decade, but many obstacles remain. There has been much focus on the emerging floating wind market of late. The U.K. is forging ahead with commercial scale floating wind developments through the Scotwind and INTOG awards of at... Continue Reading →
Engineering and design service provider Kent has been awarded a contract by EnBW and BP to carry out pre-Front End Engineering Design (FEED) studies for the 2.9 GW Morven offshore wind project in Scotland. The pre-FEED studies, which are expected to last six months, will involve engineering design work that supports key decisions, foundation type, corrosion... Continue Reading →
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