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In a step toward building the first massive wind farms off Californiaâs coast, three Assemblymembers today proposed a $1 billion bond act to help pay for the expansion of ports. The bill, if approved, would place a bond before voters aimed at helping ports build capacity to assemble, construct and transport wind turbines and other large equipment…. Read More
By Nadia Lopez and Josh Saul (Bloomberg) âTwo of President Joe Bidenâs biggest priorities â conservation and the switch to clean energy â are colliding in the ocean off Californiaâs quiet Central Coast. Located halfway between San Francisco and Los Angeles, Morro Bay boasts a rich ecosystem of fish, otters and migrating whales that the Indigenous… Read More
The Department of Energy (DOE) is counting on the development of up to 50,000 megawatts (50 gigawatts) of offshore wind power projects to surpass its target of more than 50-percent renewable energy share in the power mix by 2050. Undersecretary Rowena Guevara said the DOE expects power generation from ten OSW projects with a 6,720… Read More
Today, Ărstedâs Board of Directors has approved a business plan with the ambition of 35-38 GW of installed capacity by 2030 and updated financial targets, following the completion of a comprehensive portfolio review. The updated ambition and financial targets that Ărsted announces today confirm that Ărsted, despite the challenges in 2023, remains a global leader… Read More
Today, Ărstedâs Board of Directors approved the annual report for 2023. Operating profit (EBITDA) for the year amounted to DKK 18.7 billion. Excluding new partnerships and cancellation fees, EBITDA amounted to DKK 24.0 billion, above our guidance of DKK 20-23 billion. EBITDA from offshore sites more than doubled to DKK 20.2 billion in 2023 due… Read More
The employees in Ărsted have selected their employee-elected members to the Board of Directors. The following employees were elected as employee-elected board members for the next two years: Benny GĂžbel, Senior Mechanical Specialist, EPCO & IT (re-elected) Anne Cathrine Collet Yde, Global HR Business Partner, People & Development (re-elected) Ian McCalder, Radio Communication Project Specialist,… Read More
PROVIDENCE, RI â The Department of Environmental Management (DEM) is announcing that its Office of Customer and Technical Assistance (OCTA) has scheduled a public comment hearing on Feb. 22, in accordance with the Administrative Procedures Act, on the application request of SouthCoast Wind Energy LLC for a State of Rhode Island Dredge Permit, that includes a State of Rhode Island Water Quality Certification pursuant… Read More
Company developing worldâs largest offshore windfarm in North Sea attempts to recover from turbulent year The Danish company developing the worldâs largest offshore windfarm in the North Sea is to cut hundreds of jobs and pause its dividend in an attempt to recover from a chaotic 12 months. Ărsted, which is behind the ÂŁ8bn Hornsea… Read More
HICO Investment Group, a key player in maritime and logistics investments, has expanded its maritime portfolio by investing in Tidal Transit, a low-carbon crew transport supplier. This strategic partnership aims to accelerate decarbonization efforts within the offshore wind sector. Tidal Transit, known for its robust operating and technical expertise in offshore crew transfer, will benefit… Read More
Google has signed its largest-ever offshore wind project power agreement in the Netherlands as it continues to work toward its green climate power targets Tech giant Google has embarked on its largest-ever offshore power agreement in the Netherlands, a further milestone in its pursuit of meeting renewable energy and climate targets. Google â which says… Read More
The ocean depths could be used as a home for a new type of subsea energy storage to help save excess power generated by renewables, claim researchers. Subsea Pumped Hydro Storage could hold the key to transforming seabeds into a âlarge-scale utility energy storage,â according to scientists from the University of Stavanger in Norway. As… Read More
Norwegian offshore vessel owner DOF has won a large contract with compatriot energy giant Equinor for the AHTSÂ Skandi Iceman. The contract also includes ROV services provided by the DOF Group. The start of the new deal will be in the second quarter of 2024 with a three-year firm deal and three one-year options. Financial details… Read More
As part of Amazonâs world-leading strategy, the company will procure 473MW of renewable energy from the Moray West offshore wind farm in Scotland As the worldâs biggest corporate purchaser of renewable energy, Amazon now has more than 500 solar and wind power projects globally. And this commitment is only growing, as the e-commerce giant is… Read More
TOKYO — Japan is preparing to allow offshore wind farms beyond its territorial waters in its much larger exclusive economic zone, with a more involved approval process that will require companies to secure consent from local interests such as fishing operations before they build. The proposed change would open up as much as 10 times… Read More
Technology group WĂ€rtsilĂ€ has signed a five-year Optimised Maintenance Agreement with the Irish Naval Service. The agreement, which covers four offshore patrol vessels (OPV), is designed to ensure operational reliability along with long-term cost predictability. The order was booked by WĂ€rtsilĂ€ in January 2024. âWe have had good experience with WĂ€rtsilĂ€ over the years, and we have… Read More