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OCEAN CITY — With a wind power project proposed off the beach taking a big step forward this week, Mayor Jay Gillian on Thursday criticized the approval process and called offshore energy production “a crazy gamble.” City officials have expressed skepticism about the Ocean Wind 1 project since its proposal, but at the City Council… Read More
The 2023 report on the “Shipbuilding and Offshore Rig Fabrication and Repair Market” stands as a definitive and meticulous analysis, encompassing a wide range of factors affecting business growth opportunities, challenges, risk factors, and emerging trends across diverse geographical regions. This comprehensive report offers up-to-date and precise information on the latest technological advancements, accompanied by SWOT and PESTLE analysis, and invaluable… Read More
BOEM’s approval of Ocean Wind 1 off the coast of Atlantic City is key for jobs and clean energy say elected officials The Department of the Interior’s Bureau of Ocean Energy Management (BOEM) on July 5, 2023 announced it has approved the plan for construction and operations of the Ocean Wind 1 project offshore New… Read More
Korean shipyard HD Korea Shipbuilding Offshore Engineering said Wednesday it has clinched a 96.3 billion-won ($73.97 million) order to build one liquefied petroleum gas (LPG) carrier for an Oceanian shipper. Hyundai Mipo Dockyard, one of HD Korea Shipbuilding Offshore Engineering’s three subsidiaries, will construct the vessel in its shipyard in the southeastern port of Ulsan… Read More
The Bureau of Ocean Energy Management has approved the construction and operation plan for the Ocean Wind 1 project off the coast of New Jersey. The project is expected to generate 1,100 MW of clean energy, power over 380,000 homes, and create over 3,000 jobs during development and construction. With the approval, Ocean Wind 1… Read More
In accordance with the Mujib Climate Prosperity Plan, Danish renewable energy firms have submitted a $1.3 billion investment proposal to Bangladesh to develop a commercial, utility-scale offshore wind project off the coast of the Bay of Bengal with an initial capacity of 500 megawatts. The world’s leading dedicated greenfield renewable energy investors – Copenhagen Infrastructure… Read More
Governor Glenn Youngkin today announced the establishment of the Virginia Offshore Wind Supplier Development Grant, a new program designed to incentivize smaller existing Virginia manufacturers to enter into the production of goods to support the offshore wind industry in Virginia, as well as the broader U.S. offshore wind market. The program, created by the Virginia… Read More
“In New Jersey, it’s go hard or go home,” Gov. Phil Murphy Tweeted after signing an executive order to up the state’s offshore wind goals by nearly 50% last September. Perhaps, the governor didn’t consider the fact that those in the state who question the perils and efficacy of offshore wind turbines are playing by the same saying…. Read More
A more holistic project approach indicates that the Gulf of Mexico may actually be among the most appealing areas in terms of costs, available maritime and industrial resources, and solutions for minimising physical and environmental constraints. Scene-setter In February, the proposed sale notice for three lease areas proximate to Louisiana and Texas were released by… Read More
Skyborn, a portfolio company of Global Infrastructure Partners (GIP), and state-owned Metsähallitus have entered into a reservation agreement, granting five years of exclusive rights to develop a 2 GW offshore wind farm in Finland. Development work on the project called Pooki is scheduled to start as early as August 2023. The wind farm is planned… Read More
In 2024, the world’s first green fuels vessel for offshore wind operations will launch off the UK East Coast, as the result of a ground-breaking agreement between Ørsted and ESVAGT. Now the two companies are expanding their partnership on green offshore operations by signing an agreement for a second green service operation vessel. Ørsted and… Read More
PAULSBORO, New Jersey — The Biden administration has approved the largest offshore wind energy project yet in US waters, to be located off the coast of New Jersey where officials say it could power hundreds of thousands of homes with clean energy. The Interior Department’s Bureau of Ocean Energy Management announced Wednesday it approved the Ocean… Read More
A company approved to build New Jersey’s third offshore wind farm says it, too, wants government financial incentives, saying its project and the jobs it would create are “at risk” without the additional help. Atlantic Shores issued a statement Friday, shortly after New Jersey lawmakers approved a tax break for Danish wind developer Orsted, which has approval… Read More
The first monopile for Ocean Wind 1, New Jersey’s first offshore wind farm, has been built at a New Jersey manufacturing facility – and Cape May County isn’t happy about any of it. New Jersey’s first offshore wind farm July 6 update: An even bigger milestone occurred yesterday – the US Department of the Interior announced the… Read More
PGS was awarded a large offshore wind farm site characterization contract in the U.S. by a renewable energy company. PGS will use the Sanco Swift, which is rigged as an offshore wind site characterization vessel. Mobilization is scheduled for August 2023 and acquisition is expected to complete in February 2024, with total project duration of approximately… Read More