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About 15 years ago, University of Virginia engineering professor Eric Loth started thinking about how he could help with climate-related dilemmas, which led to his big idea about improving the design of wind turbines. What if a turbine’s blades could gracefully bend when subjected to high winds, morphing with the weather conditions like palm trees… Read More
PRINCETON, N.J., June 28, 2022 (GLOBE NEWSWIRE) — Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Company”) today announced that it has entered into a binding agreement to acquire a portfolio of operating wind projects from Capistrano Wind Partners, LLC (“Capistrano Portfolio”) for, subject to closing adjustments, cash consideration of $255 million, plus the assumption of approximately… Read More
Ørsted, the world-leading Danish energy company, and DSV, the global Danish transport and logistics company, will test long-distance drone transport of spare parts and tools in the Kattegat. Ørsted has the ambitious goal of becoming carbon-neutral by 2025 and is continually exploring new ways to ensure high wind farm availability and reduce carbon emissions from… Read More
Rotterdam, the Netherlands, 29 June, 2022 – A consortium of sellers, including Van Oord, has sold its shares in the Borssele V wind farm to Octopus Energy Generation, one of the largest renewable energy investors in Europe. The sale confirms the success of innovations demonstrated in Borssele V, including the world’s first submerged slip joint,… Read More
The new agreements, which follow the original agreement between the companies in 2021, will support their joint efforts for service operation vessels (SOVs). The latest additions focus on the financial and development efficiencies in the vessel development process between the companies. The venture was created to develop a best-in-class design and deliver wind-dedicated, U.S flag SOV vessels…. Read More
As one part of an initiative announced by the White House yesterday, vessels built for the offshore wind sector have been designated “Vessels of National Interest.” The designation, aimed at prioritizing offshore wind vessels for the Title XI federal ship financing, was made as the Biden administration joined with eleven East Coast governors to launch… Read More
MacGregor, part of Cargotec, has signed a two-year OnWatch Scout agreement and has been selected to supply spare parts and services for the Offshore Support Vessel, MPV Everest, which is owned by Maritime Construction Service and equipped with MacGregor AHC cranes. The order was booked into Cargotec’s 2022 second quarter order intake. Delivery will take… Read More
Today, two wind turbines turn off Virginia’s coast. But by the middle of the next decade, hundreds more may have joined them. With a major push underway by President Joe Biden’s administration to develop 30 gigawatts of offshore wind as a way to reduce U.S. reliance on fossil fuels, federal officials are looking to dramatically… Read More
The global offshore wind industry is set to see a surge of over $100 billion in investments and installations this decade. This will come as part of the world countries’ transition to cleaner sources of energy to meet their climate goals. Rystad Energy Research projected total capital expenditure to more than double from $46 billion in… Read More
Operators with fields six years from cessation of production will be asked to use the device to identify pieces of kit that could be given a new lease of life. Developed by the North Sea Transition Authority (NSTA), the tool will initially be sent to 20 companies operating a total of 120 fields which are nearing, or… Read More
The Business Network for Offshore Wind today joined President Joe Biden, Administration officials including White House National Climate Advisor Gina McCarthy, Energy Secretary Jennifer Granholm, and Interior Secretary Deb Haaland, 11 East Coast Governors, AFL-CIO Chair Liz Shuler, and industry leaders at the White House to launch a new state-federal partnership to accelerate offshore wind… Read More
The Bureau of Ocean Energy Management (BOEM) has announced the release of the Draft Environmental Impact Statement (DEIS) for the proposed Ocean Wind 1 wind energy project offshore New Jersey. BOEM’s DEIS for the proposed Ocean Wind 1 Offshore Wind Farm analyzes the potential environmental impacts of the proposed action described in Ocean Wind’s project plan for… Read More
Vallianz has moved to design and build a hybrid heavy transport vessel (HTV) for the offshore wind industry. The Singapore-based company has joined forces with ship designer Ulstein, Canadian energy storage specialist Shift Clean Energy, and class society Bureau Veritas as part of the project. The HTV will be able to carry cargoes of up… Read More
State-owned oil major Equinor is taking a big step forward with its floating offshore wind program. Working with TotalEnergies, Shell, ConocoPhillips and Petoro, it has launched a study on options for installing a one gigawatt floating wind farm at the historic Troll offshore oil field area off the coast of Bergen. The future Trollvind site would… Read More
Demand from the emerging offshore wind sector and the need to build and maintain Jones Act compliant ships is driving new opportunities and investment interest in U.S. shipyards. Libra Group, an international investment company announced the acquisition of Florida-based St. Johns Ship Building and the formation of a maritime subsidiary American Marine to support and… Read More