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Today, the Biden-Harris administration unveiled the President’s Budget for Fiscal Year 2025, outlining crucial funding allocations to advance the Bureau of Ocean Energy Management’s (BOEM) mission and drive action on key climate priorities. Using the best available science and practices in the decision-making process, the Administration seeks to align the management of America’s offshore energy,… Read More
Japan’s government on Tuesday approved a draft amendment to existing legislation to allow for the installation of offshore wind power in exclusive economic zones (EEZ), a milestone towards the country’s goal of carbon neutrality by 2050. Japan aims to have 10 gigawatts (GW) of offshore wind power projects by 2030 and up to 45 GW by 2040,… Read More
Boskalis, the global leader in dredging and maritime services, has successfully completed a record-breaking deep-sea excavation at a depth of 600 meters off the coast of Dampier in northwest Australia. This remarkable feat marks a significant milestone in Boskalis’ expertise, showcasing their commitment to pushing boundaries in maritime and project freight operations. BOKA TIAMAT: A… Read More
Putting Ørsted’s failed wind turbine projects largely in the rearview mirror, the Murphy Administration has approved two new offshore wind projects totaling 3.7 GW, enough to offset several million tons of CO2 annually. The projects are Leading Light Wind, by developers Invenergy and EnergyRe; and Attentive Energy Two, by TotalEnergies, Rise Light & Power, and… Read More
The single biggest indicator that offshore wind is about to revolutionize how we produce electricity may just be the increasingly desperate attacks from the gas, oil and coal industries. Over the last year fossil fuel companies and their allies have dramatically stepped up a misinformation campaign blaming whale deaths on offshore wind turbines — a campaign widely… Read More
Mar. 9—The state of New York has conditionally awarded one of two offshore wind projects to Ørsted and Eversource, a move that could translate into more activity at New London’s State Pier. New York announced on Feb. 29 as part of its latest wind solicitation that it had chosen to negotiate with Equinor Wind US… Read More
Avangrid’s 3.5 gigawatt (GW) Kitty Hawk Wind could deliver around $5 billion in economic impact across Virginia – here’s where the project stands. The 180-turbine Kitty Hawk Wind is an offshore wind project proposed in federal waters over 36 miles from Virginia Beach. It will be capable of generating enough renewable power for more than… Read More
If you drive through parts of Texas, California, the Midwest — or look off the coast of several northeastern states — you can see enormous wind turbines, their rotations powering millions of homes as part of a push to make wind part of our country’s energy future. But not so in Florida, a state whose lower… Read More
Today, Ørsted A/S (‘Ørsted’) has priced EUR 750 million of subordinated green hybrid capital securities with final maturity on 14 March 3024 and first reset date on 14 December 2029 (NC5.75). Settlement date of the new issue will be on 14 March 2024. The purpose of the new issue is to refinance Ørsted’s EUR 500… Read More
WIND: Offshore wind industry leaders say former President Trump’s election poses a “terrifying” threat to their already struggling industry, with one official saying that “anyone who is telling themselves that they’ll find a way around it is kidding themselves.” (E&E News) CLEAN ENERGY: Indigenous advocates and tribal governments push back on some Biden administration-backed clean energy development on federal land… Read More
Today, Ørsted A/S held its annual general meeting, where the following decisions were adopted: The audited annual report for 2023 and treatment of loss The audited annual report for 2023 was approved. In accordance with the proposal of the Board of Directors, no dividend is paid out to the shareholders for the financial year 2023…. Read More
The development of Damen’s Offshore Carrier vessel (DOC) was sparked by a desire to increase efficiency. The concept was born when Damen hit upon the idea of combining the tug and pontoon conventionally used in offshore transportation, in a single vessel. Almost immediately, a range of advantages presented themselves. Such a vessel would significantly widen the weather… Read More
Two US offshore wind projects, thrown into doubt last year after inflated supply chain costs rendered them uneconomical, have been awarded new contracts by the New York state government worth just over $US150 per megawatt-hour ($A230/MWh) – almost double the original strike price. New York governor Kathy Hochul says the state hadsawarded two projects for… Read More
The developers of UK offshore wind project Dogger Bank D is abandoning its original plan to produce green hydrogen, preferring instead to just supply electricity into the national grid. Joint developers Britain’s SSE and Norway’s Equinor and Vårgrønn had been exploring the prospect of using the power from the 2 gigawatt (GW) fourth phase extension… Read More
Global investment giants EQT Capital and Temasek are setting the stage for a significant move in the renewable energy sector by initiating the formal sale process of O2 Power, a platform they co-founded in 2019. Barclays has been tasked with the sale, targeting global infrastructure funds and energy companies, as the market witnesses a flurry… Read More