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On World Ocean Day, Ørsted has become the first energy company in the world to issue blue bonds. The five-year, EUR 100 million blue bond was issued in a private placement format in accordance with the IFC Blue Finance Guidelines. Net proceeds from the issuance will be allocated to investments in offshore biodiversity, in line… Read More
Ørsted will host a Capital Markets Day (CMD) on 8 June 2023 to present recent progress and strategic updates on its ambition to become the world’s leading green energy major. Ørsted is committed to the following ambitions, financial targets, and financial policies for 2023-2030: Ørsted confirms its fully self-funded ambition of ~50 GW installed renewable capacity by… Read More
Today, Ørsted and Vestas, global leaders in renewable energy, are announcing a commercial sustainability partnership. Ørsted will procure low-carbon steel wind turbine towers and blades made from recycled materials from Vestas in all joint offshore wind projects. The deployment of offshore wind is crucial to enhancing energy security, advancing affordable energy for all, and not… Read More
A bill to jumpstart a new offshore wind industry for Maine has been approved by the Energy, Utilities, and Technology Committee and now heads to the full Legislature for consideration. LD 1895, An Act Regarding the Procurement of Energy from Offshore Wind Resources, will generate a historic investment in affordable and reliable clean energy to power… Read More
Offshore wind projects are taking shape along the US East Coast. Some are newly identified areas for future development, others are in the permitting phase, and a few are already under construction. Businesses that operate out of Virginia Beach are strategically positioned to reach all US East Coast offshore wind projects. As a result, the… Read More
ADNOC L&S has secured a $975m artificial island construction contract from ADNOC Offshore, a significant milestone for the maritime logistics firm’s strategy to pursue new growth opportunities. The engineering, procurement and construction (EPC) contract covers dredging, land reclamation and marine construction of an artificial island for the Lower Zakum offshore field. The EPC market is… Read More
In their latest weekly insight for the shipping industry, Clarksons Research have previewed the upcoming Nor Shipping. Steve Gordon, Managing Director of Clarksons Research, commented: “Next week, the 35th Nor-Shipping trade exhibition returns to its traditional summer slot. Like most maritime gatherings today, there will be plenty of green focus including a first dedicated offshore… Read More
More than $27 million will be invested on the Central Coast by three companies expected to build massive floating wind energy developments 20 miles off the shores of San Luis Obispo County, according to federal documents. On Thursday, the U.S. Bureau of Ocean Energy Management issued official leases to Equinor Wind, Golden State Wind and… Read More
Waterlog by Howard Marlowe and Dan Ginolfi, Warwick Consultants Offshore Wind Legislation Directs Revenues to Beach Nourishment and Coastal Protection | States impacted by offshore wind projects deserve a cut of the revenues derived from the sale of lease areas to offset impacts to the environment and local economies. The Save Limit Grow Act of… Read More
ABB will supply two newbuild Havfram Wind NG20000X-HF Wind Turbine Installation Vessels (WTIVs) with a comprehensive bridge-to-propeller solution ABB’s integrated power, control and propulsion technology to enable efficiency, safety and operational flexibility for the newbuilds The advanced, future-proof and next generation WTIVs will stand out for their high capacity and energy efficiency ABB has secured… Read More
Grand Isle LNG has unveiled plans to build a liquified natural gas (LNG) export facility in the US Gulf of Mexico. The proposed facility is planned to be built in two phases in federal waters of the West Delta Blocks in depths ranging from 68 to 72ft. It will be located 13 miles south of Grand Isle,… Read More
Crowley announced today a new investment in Tugdock, developers of the world’s first road-transportable floating dry dock known as the Tugdock Submersible Platform (TSP), to help advance offshore wind energy in the U.S. Crowley, a U.S.-based supply chain solutions company serving the offshore wind sector, and Tugdock will explore potential use of the platforms in… Read More
A high-tech offshore vessel suffered a major fire Friday morning while docked Brazil’s Açu port complex. Norwegian offshore specialist DOF Group confirmed the incident on board the vessel Skandi Buzios, an a subsea construction and pipe-laying vessel. “On Friday morning, June 2, a fire occurred onboard Skandi Buzios while the vessel was alongside Porto do Açu in Brazil,”… Read More
ESB, Ireland’s leading utility, and Ørsted, the world leader in offshore wind, have signed an agreement to jointly develop an Irish offshore wind portfolio in a landmark deal. The agreement was launched this morning in Cork Chamber’s Fitzgerald House by Minister for Enterprise, Trade & Employment, Simon Coveney TD, ESB’s Jim Dollard, and Duncan Clark,… Read More
In November 2022, Jan De Nul Group signed a contract with Scottish and Southern Electricity Networks (SSEN) Distribution to supply and install in summer 2023 a 33kV interconnecting cable between mainland Scotland and the Orkney island of Hoy, strengthening the local distribution grid. Jan De Nul is responsible for the EPCI contract that includes the… Read More