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The Preservation Society of Newport County, which owns 11 historic properties, and the Southeast Lighthouse Foundation on Block Island filed appeals this week of the Bureau of Ocean Energy Management’s approval of the South Fork Wind Farm and Revolution Wind. “We support green energy,” Trudy Coxe, CEO of the Preservation Society, said in a statement. “For two… Read More
Ørsted has been granted a 1.6 GW electricity business license (EBL) by the Ministry of Trade, Industry & Energy of Korea for an offshore wind project located 70 km off the coast of Incheon City. The license grants Ørsted exclusive development rights for its gigawatt-scale Incheon offshore wind project, which is set to become the… Read More
Today, at COP28, Ørsted announced that the EU-Catalyst Partnership, which consists of the European Commission, Breakthrough Energy Catalyst, and the European Investment Bank, has vowed to support Ørsted’s FlagshipONE project, highlighting the innovative nature of this project and its potential to contribute to the decarbonisation of shipping. FlagshipONE is Europe’s largest e-methanol plant and is… Read More
Earlier this year, the Port of Long Beach announced plans to build Pier Wind, a $4.7-billion “floating” pier which would be used for the assembly of giant offshore wind turbines. That plan has taken a key step forward reality this week, with the start of the environmental review period for the project. The project, as detailed in… Read More
A senior Coast Guard officer overseeing the Offshore Patrol Cutter program indicated he’d be open to working with either Austal or Eastern Shipbuilding Group for the third phase of the program, potentially setting up a rematch between the two companies with billions of dollars in work on the line. “It’s very urgent we get those OPCs out… Read More
Giant offshore windfarms are a cornerstone of President Joe Biden’s clean energy platform. He pledged that 10 million homes would be powered by offshore wind by the end of this decade. But progress has been slow. What’s causing the setbacks? Today, On Point: Considering whether offshore wind can help power the U.S. economy. Guests Kris Ohleth, director… Read More
Close to $22 billion in U.S. offshore wind projects have been delayed or canceled, but the Virginia utility is moving forward with the largest facility in U.S. waters. At the end of October, Danish wind giant Ørsted announced that it is canceling its pair of big offshore projects in New Jersey — marking the latest… Read More
Dutch ship builder Damen has announced an all-electric version of its 70-m-long hybrid service vessel designed to support offshore wind farm operations. And the company is aiming to charge the batteries direct from a wind turbine. Groups of giant turbines harvesting wind energy are becoming an increasingly common sight off coastlines around the globe, but… Read More
A unique coalition of organized labor and environmental groups that successfully passed a landmark offshore wind bill earlier this year is now signaling its unequivocal support for the responsible development of an offshore wind port on Maine’s coast. The coalition, including Maine’s largest conservation groups and labor organizations, recently released the following statement highlighting the… Read More
Windcat is committed to further expanding its CSOV fleet and has placed an additional order of two Commissioning Service Operation Vessels (CSOVs) with Damen Shipyards. This order increases Windcat’s CSOV fleet to a total of five vessels, leaving the option of acquiring a sixth vessel. This development follows the initial announcement made in November 2022 regarding the… Read More
Damen Shipyards Group has officially launched its latest vessel, a fully electric Service Operations Vessel (SOV), 70 metres x 17 metres. With its offshore charging capabilities, the vessel paves the way for significantly reduced emissions in the maintenance of offshore wind farms. Creating a total solution Three years ago, Damen set out to assess the feasibility… Read More
States, DOE call for proactive transmission planning now Industry risks an extra $20 billion, 2,000 miles of cabling Atlantic Coast states and energy regulators are working to avoid the looming cost of plugging offshore wind into the nation’s power grid as the industry confronts rising inflation and project cancellations. The push to improve regional power… Read More
It has been a hard year for Ørsted. High interest rates and supply chain bottlenecks have rocked the world’s largest offshore wind developer. Earlier this month, Ørsted wrote down the value of its U.S. portfolio by $4 billion after canceling two projects off New Jersey. The company’s stock price has lost more than half its value… Read More
Iapetus Holdings LLC, a privately held portfolio of energy and utility services companies and alternative investments, is pleased to announce the appointment of Robert Gilbert as the company’s new Chief Financial Officer (CFO). Gilbert brings more than fifteen years of executive experience, including CFO roles, to the Houston-based company. His valuable contributions have impacted the success of… Read More
The pier on the Connecticut coast is filled with so many massive oddities that it could be mistaken for the set of a sci-fi movie. Sword-shaped blades as long as a football field lie stacked along one edge, while towering yellow and green cranes hoist giant steel cylinders to stand like rockets on a launchpad…. Read More