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Improves Dominion Energy’s quantitative & qualitative business risk profile via highly credit-positive partnership Stonepeak to fund 50% of project construction costs with meaningful protection from any unforeseen increases in the current project construction budget Successfully concludes ~$21 billion debt reduction initiatives associated with Dominion Energy’s business review RICHMOND, Va. & NEW YORK – Dominion Energy,… Read More
Kongsberg Maritime will supply an extensive range of equipment for a new fleet of 10 platform supply vessels (PSV) being built by Fujian Mawei Shipbuilding in China for Greek shipowner, Capital Offshore. This significant contract win is valued at approximately 800 million MNOK, and includes all propulsion, automation, and energy systems. The 10 contracted vessels, marks a major investment… Read More
New Recommended Practice is developed in alignment with established international codes and standards. Lloyd’s Register (LR) has published its first Recommended Practice (RP) for Floating Offshore Wind Turbine Support Structures marking a significant milestone in the rapidly expanding floating offshore wind sector. Developed in alignment with established international codes and standards, including IEC 61400-3-2 and the ISO 19000… Read More
The growing offshore wind industry is expected to create 56,000 jobs and invest $65 billion in the economy by 2030, according to a market report released by American Clean Power, an industry group representing renewable energy companies, in July. Massachusetts, with its miles of coastline and innovative technology industry, stands to benefit from a good share… Read More
BRIGANTINE, N.J. — Offshore wind energy projects in New York, New Jersey and Maryland are moving forward, as federal regulators examine the proposals and opponents escalate their legal challenges to the work. A large offshore wind farm is being proposed in the waters off New York as federal agencies are pressing ahead with reviews of… Read More
Dominion Energy Virginia has released its 2024 Integrated Resource Plan (IRP), outlining a strategy to meet growing power demand with reliable, affordable, and cleaner energy. Nearly 80% of the new power generation in the plan will be carbon-free, including offshore wind, solar, battery storage, and small modular nuclear reactors. The IRP highlights Dominion’s focus on… Read More
Crews started this week to retrieve and remove pieces of the shattered Vineyard Wind turbine blade that sunk to the ocean floor three months ago, a project that the company said could take as long as two weeks. Vineyard Wind sent a “mariner update” Wednesday to caution boaters, fishing outfits and anyone else on the… Read More
BP plc BP, the British oil and gas giant, continues to scale down the expansion of its renewables business, bringing its focus back to fossil fuels. According to sources familiar with the matter, the company wants to sell off a minority stake in its offshore wind business. Per Reuters, BP has appointed Bank of America to… Read More
Besides the climate law, Biden-Harris are seeking to spend billions in projects approved under the infrastructure law and the CHIPS Act. WASHINGTON — The Biden administration is shelling out billions of dollars for clean energy and approving major offshore wind projects as officials race to secure major climate initiatives before President Joe Biden’s term comes to an end. Biden… Read More
France has revealed plans to tender 9200MW of fixed-bottom and floating offshore wind. Paris said its AO10 process launching at the beginning of 2025 will aim to progress 4GW of fixed-bottom capacity in the North Sea coast and 5.2GW of floaters in the Atlantic and Mediterranean. The plan was announced by Energy Minister Olga Givernet… Read More
Moves by Origin Energy and Norway’s Equinor have exposed big doubts about offshore wind developing anywhere in NSW, given high costs that are only modestly lower than for large nuclear plants. The prospects for a multi-billion dollar offshore wind industry emerging anywhere in NSW are crumbling with leading players walking away from coastal projects, exposing… Read More
EDF Renewables UK says the Neart na Gaoithe (NnG) wind farm in the UK central North Sea has delivered first power to the national grid. EDF Renewables UK says the Neart na Gaoithe (NnG) wind farm in the UK central North Sea has delivered first power to the national grid. The development, 15.5km from the… Read More
Dutch shipbuilder Damen Shipyards, in collaboration with CMB.TECH, has launched Windcat’s inaugural commissioning service operation vessel (CSOV). This vessel is part of Windcat’s ‘Elevation Series’, designed to enhance the maintenance and support of offshore wind farms. On 12 October the launch ceremony was held at Ha Long Shipyard in Vietnam, where Damen is constructing all… Read More
North Star has secured its first contract for a commissioning service operation vessel (CSOV), a second award with EnBW, further establishing the company’s growing presence in the European offshore wind sector. This award for the newbuild Grampian Kestrel CSOV (of VARD 4 22 design), will precede the decade-long minimum charter contract the firm signed in… Read More
Remarks by CMA CGM’s CFO Ramon Fernandez appear to contradict a statement by CEO Rodolph Saade a month ago that it was ready to participate in a French windfall tax scheme, claiming it would make the carrier uncompetitive, according to The Loadstar. The €800m ($875m) windfall tax, which would be levied over two years, is… Read More