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Britain’s Octopus Energy said on Friday its renewables investing arm had launched a dedicated fund with Japan’s Tokyo Gas (9531.T) to invest 3 billion pounds ($3.7 billion) in offshore wind projects by 2030. The Octopus Energy Offshore Wind fund, set up with a 190 million pound cornerstone investment from Tokyo Gas, will invest in offshore wind farms… Read More
New York State will issue a new offshore wind solicitation on Nov. 30 with bids due in January 2024, the state government said, in a move that should support the troubled industry. European energy companies Orsted (ORSTED.CO), Equinor (EQNR.OL) and BP (BP.L) have taken a combined $5 billion of writedowns on U.S. offshore wind projects that are not even completed, in part… Read More
Baltimore County, Maryland and Sparrows Point Steel have won a major new federal grant of over US$47m to support plans to establish a major offshore wind logistics and manufacturing hub in Baltimore County. The grant is the fourth-largest award given this year through the US Maritime Administration’s Port Infrastructure Development Program. Sitting on nearly 100… Read More
Despite the loss of two major offshore wind farm projects when Danish developer Orsted pulled out of New Jersey, the state is moving forward with its plans to support and grow the nascent industry. The state Board of Public Utilities on Friday voted to seek bids for a transmission facility into which several offshore wind projects… Read More
Baker Marine Solutions (BMS), Covington, La., has unveiled a new concept design for the U.S. offshore wind industry. It helps address the availability of monopiles and lack of sufficient yard space for fabrication. The designed is the BMS 1888 mobile pipe mill barge. The BMS 1888 provides a mobile pipe mill facility that can be scaled… Read More
Boskalis commissioned a large-scale shore power facility yesterday afternoon at its premises in the Waalhaven in Rotterdam, the Netherlands. Boskalis vessels are (de)mobilized for own projects at this service center. From now on, the moored vessels will switch off their diesel-powered generators and use green shore power. In addition, Rotterdam Shore Power’s shore power installation… Read More
The Danish company behind one of the two offshore wind farms planned for Maryland’s coast abandoned two large projects off New Jersey last month and now says its Skipjack project off Ocean City needs to be “reconfigured” to go forward. “With the project’s current offshore renewable energy credits, technical configuration, and development and construction timeline,… Read More
Legal proceedings against the Bureau of Ocean Energy Management (BOEM) and the National Marine Fisheries Service (NMFS) could threaten to disrupt the timelines for the construction of the largest offshore wind farm in U.S. waters to date, Dominion Energy’s Coastal Virginia Offshore Wind (CVOW) project. The Committee for a Constructive Tomorrow (CFACT) and The Heartland… Read More
Most wind turbines look like a propeller on a stick – which is fine. But this design makes less and less sense when taken out into the deep ocean, where most of the world’s best wind energy potential is located. Conventional horizontal-axis wind turbines (HAWT) need to hold a lot of heavy components – such as the… Read More
Offshore wind developer Deep Wind Offshore enters a partnership with the hydrogen company Hy2gen to produce green hydrogen from offshore wind. – The combination of offshore wind and hydrogen has got massive potential. It is not possible to achieve net zero without green energy carriers, who will need a massive amount of renewable energy, says… Read More
Some pictures show a whale lifeless on a beach. In others, the whale is on fire, jumping from the ocean, as wind turbines loom behind it. The pictures are shocking – intentionally so. Recently they’ve appeared on posters and placards and in social media posts in New South Wales’ Hunter and Illawarra regions, as part… Read More
In this week’s episode, host Daniel Raimi talks with Ben Storrow, a reporter with E&E News, about recent challenges for the offshore wind industry. Storrow discusses state and federal goals for offshore wind development; how factors related to inflation, supply chains, installation capacity, and tax rules can create obstacles for wind projects; and methods for… Read More
Turbulent times in the offshore wind sector could change the way large-scale energy projects are built and funded in the future, according to the latest EY Renewable Energy Country Attractiveness Index (RECAI). Offshore wind is crucial to achieving net zero, but has experienced a difficult 12 months, challenged by a squeezed supply chain and escalating… Read More
A Spanish wind turbine manufacturer vacated its lease and pulled out of a planned $200 million project at Portsmouth Marine Terminal. “Siemens Gamesa discontinued plans to build and operate an offshore blade facility in Virginia, as development milestones to establish the facility could not be met,” a company spokesperson said in an emailed statement. The… Read More
Cost inflation could add around $280bn in capital expenditure for the offshore wind sector, according to the latest EY Renewable Energy Country Attractiveness Index. Offshore wind is crucial to achieving net zero, but has experienced a difficult 12 months, challenged by a squeezed supply chain and escalating costs. Global project costs have risen by 39%… Read More