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Ørsted and Cathay Life Insurance have agreed to an exclusivity period lasting until 17 January 2024, during which both parties will finalise negotiations of the transaction documents and confirmatory due diligence. Under the Taiwan Stock Exchange disclosure rules, Cathay Life Insurance is required to make a public announcement upon being selected as preferred bidder. Subject… Read More
Two large wind farms that are significant projects for the UK each marked milestones in the past week. While newer development projects are struggling, experts pointed to the progress of these wind farms saying they continue to demonstrate the strong contribution the industry will make to providing clean, renewable energy. In Scotland, the Seagreen wind… Read More
Rhode Island is moving forward with the state’s largest renewable energy solicitation after announcing it would form a three-state partnership with Connecticut and Massachusetts to review and coordinate a regional approach to offshore renewable energy. At the same time, Rhode Island is also providing additional latitude to developers to provide possible avenues to address the… Read More
The U.S. offshore wind industry continued its forward progress despite severe financial challenges in the third quarter of 2023, according to the Business Network for Offshore Wind’s U.S. Offshore Wind Quarterly Market Report. The report’s highlights included construction progress at the nation’s first two commercial-scale projects, Vineyard Wind and South Fork Wind. The two projects are close… Read More
EUREKA — If the American West represents the “geography of hope,” as author Wallace Stegner wrote, then what better place than California’s far north to illustrate the eternal tension between the limitless potential of big ideas and the brutal disappointment of broken dreams? The Golden State’s verdant North Coast, a great empire of trees and… Read More
California sees wind energy as essential to helping the state reach its ambitious climate goals. Critics say the development could industrialize our local waters. To harness this resource, energy companies are geared up to install huge floating wind farms off the state’s coast. Some of the first of these farms will be off the shores… Read More
Despite some big setbacks, the US offshore wind industry is also headed toward achieving major milestones in Q3 2023 – here’s what happened. The US’s first two commercial-scale offshore wind farms, Vineyard Wind and South Fork Wind, progressed with construction and are on the brink of delivering their first power to the grid, noted the Business Network for… Read More
The first of Vineyard Wind’s 62 turbines has been assembled in the waters southwest of Nantucket. These photos were taken today from Madaket Beach with 400mm and 600mm camera lenses, and the images are cropped to show the view of the turbine in the distance. This turbine will be one of the closest to Nantucket… Read More
Van Oord has completed the installation of 62 jacket foundations at the Saint-Brieuc offshore wind farm. The Saint-Brieuc offshore wind farm is being constructed in the Bay of Saint-Brieuc, 16.3 kilometres off the coast of Brittany. It is the first wind farm in France with jacket foundations. Once operational, the 496MW wind farm will generate… Read More
Van Oord has become the first marine contractor to join the IRBC Agreement for the Renewable Energy Sector. In the agreement, solar and wind energy companies, branch associations, the Dutch government, knowledge institutes, NGOs and trade unions are working together. The aim of the agreement is to promote international responsible business conduct (IRBC) in the… Read More
DEME Offshore has secured a substantial cable contract for Baltic Power, the first offshore wind farm to be constructed in Poland, together with its consortium partners NKT and TFKable Group. This is also the first offshore wind project for DEME Offshore in Poland. The wide-ranging scope includes the engineering, procurement, construction and installation of both the… Read More
ALBANY, N.Y — Gov. Kathy Hochul’s administration Thursday rejected a request from companies for bigger payments to complete large-scale wind, solar and offshore wind projects — leaving the developments in doubt and threatening New York’s ability to meet its climate goals The dismissal by the Public Service Commission sets off a scramble for developers to decide whether… Read More
The Danish wind energy company Orsted has put up a $100 million guarantee that it will build New Jersey’s first offshore wind farm. But it will lose that money if the project is not operating by Dec. 2025 — a year after the deadline approved by state utility regulators. New Jersey’s Board of Public Utilities… Read More
Washington government and business leaders want manufacturers of offshore wind turbines to build equipment in the state. Gov. Jay Inslee on Tuesday announced a new effort to make Washington a preferred location for producing offshore turbine components. The Blue Wind Supply Chain Initiative is a partnership with public and private sector leaders, labor groups and… Read More
The law requires California’s Coastal Commission to process consolidated permits for coastal development, which the law’s main sponsor says will streamline permitting. Sen. Mike McGuire was the primary sponsor of the Offshore Wind Expediting Act. His district includes Mendocino, Trinity and Humboldt counties. McGuire said in a press release that this law will slash five… Read More