It's on us. Share your news here.
It's on us. Share your news here.
The US offshore wind industry is, in a sense, an admission of failure. Consider that onshore wind-power potential in the US is estimated to be as much as 2.28 terawatts — roughly double the entire capacity of all types of generation operating today — and perhaps as much as 15 terawatts. Offshore wind-power potential, in the lower 48 states,… Read More
A new study out today analyzes how offshore wind energy could help the U.S. meet its renewable energy and sustainability goals. It comes as a floating offshore wind farm is planned for the coast off of Morro Bay. The study was written by researchers from UC Berkeley, Energy Innovation and GridLab. It found offshore wind… Read More
The US has some of the most potential for offshore wind energy in the world, says a new analysis by the University of California, Berkeley. Offshore wind resources are plentiful enough to generate up to a quarter of the nation’s electricity by 2050, in time to help meet global climate goals. It will take a monumental effort… Read More
An energy business recently touted as the next big thing hits a wall, with projects getting canceled, major developers pulling out, and investors questioning whether it will ever turn a profit. That might sound like a description of the offshore wind industry in 2023. Turbine farms being built by Iberdrola SA, Orsted A/S and Vattenfall AB were… Read More
A grim financial outlook for the country’s offshore wind power industry is threatening President Joe Biden’s most important energy plans. The administration is counting on offshore wind farms to produce at least enough power for 10 million American homes by the end of the decade. Up and down the Northeast — the center of the… Read More
Last August, President Biden signed a sweeping climate bill into law, making wind power a priority. specifically, offshore wind power. The goal is to capture the force of the wind in the open seas and convert it into power for 10 million American homes by 2030. We have a long way to go. There are… Read More
Concord, Mass. — The U.S. Army Corps of Engineers, New England District received a permit application to conduct work in waters of the United States from NSTAR Electric Company doing business as Eversource Energy for proposed work in Vineyard Sound between Surf Drive in Falmouth, Mass., and Eastville Avenue in Oak Bluffs, Mass. The proposed work… Read More
HOUSTON, July 27, 2023 (GLOBE NEWSWIRE) — Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced today the signing of the first ever subcontract for procurement of rock for a U.S. offshore wind farm with Carver Sand & Gravel LLC (“Carver”), a… Read More
A Belgian consortium – including the Tractebel engineering subsidiary of France’s Engie – plans to switch on a floating PV pilot project in waters off the port of Ostend, on the Belgian North Sea coast. The group – which also includes Dredging, Environmental and Marine Engineering NV (DEME), marine offshore specialist Jan De Nul and Ghent University – said the project’s… Read More
Renewables investor Octopus Energy Generation plans to invest $20 billion in offshore wind by 2030, aiming to boost energy security and reduce dependence on fossil fuels, it said on Monday. The firm, part of Octopus Energy Group, said the investment will generate 12 gigawatts (GW) of renewable electricity each year, enough to power 10 million… Read More
Germany raised installed offshore wind capacity by 3.1% to 8,385 megawatts (MW) in the first half of 2023, industry lobbies said on Tuesday, demanding better revenue guarantees to maintain a build-out pace and ensure it will reach a 30,000 MW target by 2030. Wind power is central to Germany’s transition to renewable energy as Berlin… Read More
Maine is on the cusp of adopting legislation to jump-start the state’s offshore wind industry and boost “floating” projects in particular. On Tuesday, the state’s legislature is expected to pass a bill that calls for getting 3 gigawatts of electricity from offshore wind turbines in the Gulf of Maine by 2040. The measure also supports building port infrastructure and local supply chains… Read More
Singapore-based offshore wind farm vessel-operator Cyan Renewables has acquired its first service operations vessel (SOV) from Belgium’s DEME Group. The unique SWATH-hull SOV Grooenewind is two years old and is currently operating under a 17-year long-term contract to service offshore wind farms in Belgium. Groene wind, a 60-metre SOV became the first twin-hulled DP2 advanced… Read More
TotalEnergies is pursuing its profitable growth in the renewable energy sector with today’s announcement that it is buying out Total Eren’s other shareholders, increasing its stake from close to 30% to 100%. The Total Eren teams will be fully integrated within TotalEnergies’ Renewables business unit. The deal follows the strategic agreement signed between TotalEnergies and… Read More
Ørsted has signed an agreement with funds managed by Schroders Greencoat, a global specialist asset manager focusing on renewable energy infrastructure assets, to divest its remaining 25 % minority interest in the London Array Offshore Wind Farm in the UK. The total value of the transaction is GBP 717 million (DKK 6.17 billion). London Array… Read More