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(offshoreWind.biz) The California Independent System Operator (CAISO) has approved the 2023-2024 Transmission Plan that identifies and plans for key upgrades to California’s transmission system to deliver power from offshore wind turbines to the state’s homes and businesses. CAISO unveiled its draft 2023-2024 Transmission Plan last month which identifies a need to invest in 26 transmission... Continue Reading →
(Oilprice.com) A second Trump presidency could place a huge part of renewable energy investments at risk, increase carbon emissions by 1 billion tonnes more by 2050 and delay peak fossil fuel demand by 10 years beyond current forecasts, energy analytics firm Wood Mackenzie has predicted. WoodMac projects ~$7.7T in overall spending by the U.S. energy sector... Continue Reading →
(Reuters) Oil major BP has paused discussions with Venezuela on the development of a gas project on the maritime border with Trinidad and Tobago following the expiration of a U.S. license to Venezuela in April, a company spokesperson said on Wednesday. BP this year conducted negotiations with Venezuela and Trinidad to develop the 1 trillion... Continue Reading →
(OE) Dominion Energy has announced that the first monopile foundation for the 2.6-gigawatt Coastal Virginia Offshore Wind (CVOW), the largest offshore wind farm under construction in the United States, has been installed approximately 29 miles off the Virginia Beach coast. The monopile was installed by the Orion, DEME Group's heavy lift vessel. Once complete in... Continue Reading →
Iberdrola and Avangrid have signed an agreement under which the Spanish company will acquire the stake which it previously did not own in its US subsidiary for USD 2.55 billion (approximately EUR 2.35 billion). Iberdrola, which owns around 81.6 per cent of Avangrid, launched an offer to acquire the remaining 18.4 per cent in March... Continue Reading →
(Reuters) Europe's largest utility Iberdrola will keep betting on offshore wind in the coming years, roughly tripling the value of its assets in the sector to 17 billion euros ($18 billion), Executive Chairman Ignacio Sanchez Galan told shareholders on Friday. In the past couple of years, the Spanish firm has shifted its focus to upgrading... Continue Reading →
(OE) The Bureau of Ocean Energy Management (BOEM) has released two new studies on offshore wind energy in the Gulf of Mexico. The first study, “Gulf of Mexico Offshore Wind Energy Hurricane Risk Assessment” analyzed hurricane risk to wind turbines operating in the Gulf of Mexico. This study concluded that as a minimum, an IEC ”Typhoon Class”... Continue Reading →
(OE) Hy2gen USA, the U.S. subsidiary of German-based green hydrogen producer Hy2gen, and Ocean Connect Energy (OCE) have signed a memorandum of understanding (MoU) to jointly investigate the potential to power renewable hydrogen production from offshore wind. The MoU formalizes a collaboration between the two companies to identify, evaluate, and develop favorable locations to power... 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 →
Principle Power and Aker Solutions (“FloatHOME” consortium) have been chosen as a winner for the second phase of the U.S. Floating Offshore Wind Readiness (FLOWIN) Prize by the DOE. The award consists of a $450,000 cash prize and $100,000 in technical assistance from the DOE National Labs. Prize money is being used to advance WindFloat®... Continue Reading →
Brazil Energy Insight 