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Dominion Energy’s Coastal Virginia Offshore Wind (CVOW) commercial project reached a regulatory milestone as the Bureau of Ocean Energy Management announced it has completed its environmental analysis of the 2.6 GW project planned off the Virginia Beach coast. The final Environmental Impact Statement (EIS) reflects feedback from Tribal Nations, ocean users, local communities, the offshore… Read More
The former CFO of Russian LNG export giant Novatek has been sentenced to more than seven years in prison for failing to tell the IRS about his ownership of large-scale offshore assets. Mark Anthony Gyetvay of Naples, Florida started his career as an accountant at Hess and PWC, and in 2003 he was hired to… Read More
The global push for offshore wind power development has gained momentum, with countries worldwide ramping up their investments in the industry. Notably, the Asia-Pacific region has emerged as a prime market for growth. Taiwan, guided by supportive government policies, has witnessed renewed interest from foreign offshore wind developers like Orsted Wind Power TW Holding A/S,… Read More
The Japanese consortium Goto Wind Farm LLC has temporarily delayed commissioning of the Goto offshore wind farm in Southwest Japan. The project is Japan’s first floating wind farm and was initially scheduled for January 2024. However, discovery of defects in a floating structure has necessitated rescheduling for January 2026, according Toda Corporation, which is leading… Read More
Nine east coast US states and four government departments have signed a memorandum of understanding to strengthen regional supply chain collaboration for the country’s nascent offshore wind sector. The agreement creates a framework for regional partnerships focussed on offshore wind supply chain development. All signatories – the states of Connecticut, Maine, Maryland, Massachusetts, New Hampshire,… Read More
As the world races toward a greener and more sustainable future, offshore wind farms have emerged as one of the most promising sources of clean energy. These massive projects, harnessing the power of wind over the open sea, are helping to reduce carbon emissions and provide a substantial share of electricity to nations around the… Read More
A keel-laying ceremony has taken placed at Friere Shipyard in Spain for Briggs Marine’s new maintenance support vessel The addition of the vessel to the company’s fleet will enhance and expand its offering to a range of industries including defence, ports and harbours, energy and utilities, construction and offshore renewable energy. Speaking at the time… Read More
Construction has begun on the next large U.S.-built vessel for the offshore wind sector. Fincantieri Bay Shipbuilding in Sturgeon Bay, Wisconsin held the ceremonial first steel cut for a Service Operation Vessel (SOV) which represents the company’s entry into the U.S. offshore wind sector and another demonstration of the contribution to the shipbuilding industry coming… Read More
On September 24, 2023, it was reported that Merrion Investment Management Co LLC had acquired a new position in Tidewater Inc. (NYSE:TDW) during the second quarter. According to the company’s most recent Form 13F filing with the Securities and Exchange Commission (SEC), Merrion Investment Management purchased 4,000 shares of Tidewater’s stock, amounting to approximately $222,000…. Read More
Fincantieri Bay Shipbuilding began construction today on a 289-foot service operation vessel (SOV) for a Crowley-ESVAGT joint venture that will house and transport technicians to maintain U.S. offshore wind farms. This vessel, for the joint venture CREST Wind, will operate under a long-term charter with Siemens Gamesa Renewable Energy. Today marked the ceremonial start of… Read More
The U.S. Department of Energy (DOE) and the U.S. Department of the Interior (DOI) released An Action Plan for Offshore Wind Transmission Development in the U.S. Atlantic Region, a set of actions that are meant to catalyze offshore wind energy, strengthen the domestic supply chain, and create union jobs. The Action Plan developed by DOE’s Grid… Read More
New Panel on Federal and State Coordination Added WASHINGTON, D.C., September 20, 2023 – The American Clean Power Association (ACP) announced additional speakers for its Offshore WINDPOWER Conference & Exhibition, to be held October 3-4 at the Hynes Convention Center in Boston. U.S. offshore wind development is facing a once-in-a-generation opportunity and the key dynamics facing the industry will… Read More
Today, Ørsted has announced the development of a portfolio of Irish solar projects in a partnership with renewable energy developer Terra Solar, headquartered at NovaUCD in Dublin. With a capacity of up to 400 MW, the projects have the potential to power over 90,000 Irish homes. This latest partnership brings further momentum to Ørsted’s solar… Read More
As part of President Biden’s Investing in America agenda, a key pillar of Bidenomics, today the Departments of the Interior and Energy released An Action Plan for Offshore Wind Transmission Development in the U.S. Atlantic Region, a set of bold actions that will catalyze offshore wind energy, strengthen the domestic supply chain, and create good-paying, union jobs…. Read More
Danish renewables company Ørsted is known as an offshore wind pioneer, and it has more installed generating capacity in the segment than any other company in the world. It has an ambitious project pipeline in the United States, where it hopes to install gigawatts of capacity off New Jersey and New York. But as inflation… Read More