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Oct. 9 (offshoreWIND.biz) The California Energy Commission (CEC) has awarded USD 20 million (approximately EUR 17 million) to the Port of Long Beach to fund the ongoing development of Pier Wind, a proposed USD 4.7 billion (approx. EUR 4 billion) terminal that would serve the floating wind industry. CEC has awarded the grant through the... Continue Reading →
Oct. 7 (offshoreWIND.biz) As the US seeks to reduce reliance on Chinese supply chains by prioritising domestic oil and gas, its offshore wind sector has faced many challenges, from policy setbacks to rising inflationary costs. Meanwhile, Rystad Energy projects that China will account for 45 per cent of global offshore wind capacity by 2030. Despite... Continue Reading →
Sept 25 (Reuters) - U.S. energy major Chevron said on Thursday it was expecting to take a hit of $200 million to $400 million in the third quarter related to the Hess deal. Chevron closed its $55 billion acquisition of Hess in July after winning a landmark legal battle against larger rival Exxon Mobil to gain access to the... Continue Reading →
Sept 24 (Reuters) - China led several countries in announcing new climate plans on Wednesday and offered a veiled rebuke of the U.S. president's anti-climate rhetoric a day earlier at the U.N. General Assembly. Addressing a climate leaders’ summit hosted by U.N. Secretary-General Antonio Guterres, Chinese President Xi Jinping said in a live video message... Continue Reading →
Sept 23 (Reuters) - Brazilian motor maker WEG (WEGE3.SA), opens new tab will invest $77 million in a U.S. specialty transformer manufacturing facility, it said on Tuesday, seeking to increase the plant's production capacity by 50% as artificial intelligence fuels demand in the country. The investment in the Washington, Missouri, plant targets the production of transformers seen as essential... Continue Reading →
Sept. 23 (Reuters) Orsted shares rose on Tuesday after a U.S. federal judge ruled it could resume work on an almost completed offshore wind project in the United States, delivering a win for an industry under sustained attack from President Donald Trump. But the victory may prove short-lived, as analysts warn the White House could appeal the decision or... Continue Reading →
Sept. 22 (Reuters) Danish offshore wind developer Orsted can restart work on the nearly finished Revolution Wind project off the coast of Rhode Island, a federal judge ruled on Monday, after President Donald Trump's administration halted the project last month. The ruling is a legal setback for Trump, who has sought to block expansion of offshore wind in U.S. waters. It is a palpable... Continue Reading →
Sept 22 (Reuters) - A federal judge on Monday will consider a request by Danish offshore wind developer Orsted to restart work on the nearly finished Revolution Wind project, which President Donald Trump's administration halted last month. Orsted and its joint venture partner Skyborn Renewables are asking Judge Royce Lamberth of the U.S. District Court in... Continue Reading →
Sept. 12 (offshoreWIND.biz) US Interior Secretary Doug Burgum said at a press conference on 10 September that offshore wind has no future in the US under the Trump administration and that the government was reviewing five offshore wind projects that are now under construction. Speaking to the press at the Gastech event in Milan, Italy, Burgum said... Continue Reading →
Sept. 10 (offshoreWIND.biz) US-based Ocergy has been selected by Kyuden Mirai Energy Corporation as the floater provider for an offshore wind observation project being implemented under Japan’s New Energy and Industrial Technology Development Organization (NEDO) programme. The floating wind project is being developed by Kyuden Mirai Energy, Kobe University, Rera Tech, and Cosmo Eco Power. Ocergy’s... Continue Reading →
Brazil Energy Insight 