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In the Chinese zodiac, the snake is often seen as a symbol of transformation. As the Year of the Snake gets underway, and we move deeper into the so-called ‘Asian Century’, China continues to evolve as an increasingly influential player on the global stage. Despite ongoing economic woes and weak sentiment, we see long-term strategic… Read More
Offshore wind: As one door closes, another opens to green hydrogen The recent suspension of new federal offshore wind leasing in the United States, as ordered by President Donald Trump, is a blow to project developers. But as one door closes in the US – even just temporarily – another has blown wide open in… Read More
The Dutch company Van Oord has signed a contract with Equinor and Polenergia to perform seabed protection work at the Bałtyk 2 and Bałtyk 3 offshore wind farms in Poland. The contract covers the supply, transport, and installation of stone ripraps on the seabed to protect the cables and foundations. “The implementation of the agreement will allow us… Read More
Following a new investment, Japan’s NYK Line has become the majority owner of the crew transfer vessel (CTV) operator Northern Offshore Group. N-O-G, an operator of over 60 CTVs in the global offshore wind industry, has had an operational and technical collaboration with NYK since 2019. The company has now become a part of the… Read More
(Reuters) – Companies that committed to investments in U.S. offshore wind infrastructure and supply chains are scrapping their plans as the projects they were meant to serve face huge setbacks, including President Donald Trump’s plan to end federal support. The pullback reflects the trickle-down effect of a dramatic downturn in the U.S. offshore wind industry over the past… Read More
A renewable energy firm has said the political climate is right for a large-scale wind farm off the Devon and Dorset coast. Source Galileo is planning a 2GW project involving at least 100 turbines, which it said could power more than three million homes. On Monday, it announced a deal with Portland Port to service the development…. Read More
California is now only a decade away from its 2035 requirement to use 90% clean electricity, and two decades away from needing to reach 100%. To reach these crucial milestones and realize the full environmental and public health benefits of clean energy, we must scale up the production of renewable energy technologies like solar panels,… Read More
President Donald Trump promised to unleash U.S. energy dominance, but his sweeping executive order targeting wind power puts a pipeline of projects at risk that would generate enough electricity for millions of American homes. The order Trump issued on his first day in office indefinitely paused new offshore wind leases in U.S. coastal waters and halted new permits pending the completion… Read More
The Norwegian government has cancelled plans for another fixed-bottom offshore wind tender in the North Sea due to cost concerns, shifting its focus toward developing floating offshore wind projects. On 10 February, the Ministry of Energy announced that it no longer plans to advertise the Sørvest F later this year, which is an extension of… Read More
A single wind turbine spinning off the U.S. Northeast coast today can power thousands of homes – without the pollution that comes from fossil fuel power plants. A dozen of those turbines together can produce enough electricity for an entire community. The opportunity to tap into such a powerful source of locally produced clean energy – and… Read More
Source Galileo, a leading European renewable energy development company, developing the PortWind project, announced it has signed a non-exclusive Memorandum of Understanding (MoU) with Portland Port, an established commercial port on the South Coast of England, to work together with the common goal of maximizing opportunities for offshore wind development off the Dorset coast with associated… Read More
A new bill has been introduced in California’s state legislature that would add an assessment of funding opportunities for offshore wind port infrastructure to the Governor’s Five-Year Infrastructure Plan. Introduced on 6 February, Assembly Bill 472 would amend the definition of “infrastructure” in the California Infrastructure Planning Act to include offshore wind port infrastructure as under the… Read More
Today, Ørsted’s Board of Directors approved adjustments to the company’s business plan towards a focused capital allocation to strengthen the capital structure. The company will prioritise the most value-accretive growth opportunities through a self-funded investment programme. During 2024, Ørsted delivered full-year results in line with expectations, reaching an EBITDA excluding new partnerships and cancellation fees… Read More
Today, Ørsted’s Board of Directors approved the annual report for 2024. Rasmus Errboe, Group President and CEO of Ørsted, says: “We are pleased with our operational performance and financials results, where we ended the year in line with our updated expectations. Furthermore, we successfully renegotiated and settled contracts related to the close-down of Ocean Wind… Read More
When it comes to floating offshore wind, Norway and Japan are an ideal match for business collaboration. While Norway is the global leader in floating wind energy, Japan has high ambitions to develop its own floating offshore wind industry. “With unique expertise in marine operations, Norwegian companies are ideally suited to help Japan develop its… Read More