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Building a robust and resilient infrastructure for the U.S. offshore wind industry. Ports and vessels are the backbone of the U.S. offshore wind industry. Understanding the improvements needed for the nation’s port infrastructure, as well as ensuring the availability and capacity of vessels, will be critical over the next decade as more turbines are installed… Read More
Houston-based offshore contractor McDermott has reached an agreement with its creditors and stakeholders on a restructuring plan that will push out debt maturities and deliver a new cash injection. The company has secured backing from most of its key creditors to extend repayment deadlines on its letter of credit facility and term loans to 2027…. Read More
Massachusetts Maritime Academy, a leader in offshore wind training, is the recipient of a $1 million award provided by the Massachusetts Clean Energy Center. This funding will be used for the expansion, design, development, and implementation of an Offshore Wind Vessel Simulation and Training Center. “The clean energy industry will bring valuable jobs to residents across Massachusetts,”… Read More
“As we mature towards the final investment decision, if the walk-away scenario is the economical, rational decision for us, then this remains a real scenario for us as an alternative to actually taking the final investment decision,” Chief Executive Mads Nipper said on an Aug. 30 call with investors. Orsted shares fell 25% in the… Read More
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced that the company invests in a floating wind technology start-up, TouchWind (*1). The tilting angled one-piece rotor wind turbine which is being developed by TouchWind is expected to reduce wind interference between wind turbines (*2) that tends to occur in large wind farms… Read More
In support of the Biden-Harris administration’s goal of deploying 30 gigawatts of offshore wind energy capacity by 2030, the Bureau of Ocean Energy Management (BOEM) has completed its environmental review of the proposed Empire Wind Farm Project offshore New York, which BOEM estimates could power more than 700,000 homes with clean renewable energy. “BOEM is… Read More
The Bureau of Ocean Energy Management (BOEM) announced yesterday that it has completed its environmental review of the proposed massive Empire Wind Farm Project, which would become the U.S.’s largest offshore wind site to gain approval. The Biden administration continues to push forward while developers are looking to reset their agreements to reflect the changing… Read More
Offshore wind power developers warned on Friday that Britain’s climate goals could be at risk after a subsidy auction for new renewable energy projects did not attract any investment in those planned off British coasts. Britain is aiming to develop 50 gigawatts (GW) of offshore wind capacity by 2030, up from around 14 GW now… Read More
The developers weren’t bluffing about the rising cost of building offshore windfarms. They had warned for months that they wouldn’t pitch to build turbines in the North Sea on the terms the government was offering, and they did what they said they would do. No bids were received in this year’s auction for new projects. The… Read More
Federal Bureau of Ocean Energy Management officials will meet with Oregonians concerned or curious about potential floating offshore wind energy projects following public and political outcry. Officials will host three in-person meetings in Gold Beach, Coos Bay and Brookings on Sept. 26, 27 and 28. The agency also doubled the public comment period from 30… Read More
Heading into Labor Day Weekend, California Gov. Gavin Newsom announced a deal with legislative leaders that could prompt construction of California’s first offshore wind farms — an expensive but valuable resource that researchers have found can play a key role in reaching 100% clean energy. The deal could also lead to development of new geothermal… Read More
The British government said Friday that no offshore wind developers had offered a bid in its latest auction of renewable energy contracts, dealing the latest in a series of setbacks to what has been the country’s flagship renewable energy technology. Developers stayed away because the minimum price support being offered was not high enough. The… Read More
Ecowende and Van Oord will collaborate on the construction of the offshore wind farm on Hollandse Kust (west) lot VI. This will be the most ecological wind farm yet, with minimal impact on the natural habitat of birds, bats and marine mammals, and with a thriving underwater world. The aim is to enable the development… Read More
This afternoon, Van Oord’s brand-new cable laying vessel Calypso was christened in Rotterdam during a festive ceremony. The Calypso is equipped with the latest sustainable technologies and will be a key strategic addition to Van Oord’s offshore wind fleet. The vessel was christened by Ms. Inca Cerutti. She is the wife of Niek Hoek, chairman… Read More
Deal sees Norwegian energy giant partner Chevron and Talos Energy in the Bayou Bend project Equinor has purchased a stake in one of the largest carbon capture and storage projects in the US. The Norwegian oil and gas major acquired its 25% share in Bayou Bend CCS project in Texas from Carbonvert, the company said… Read More