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By Jonathan Hawes Development of floating offshore wind sites in the U.S. has just begun, but industry pros say that current and planned development bodes well. The number of planned floating offshore wind projects skyrocketed in 2020, according to the Department of Energy. At least 25 GW should be installed by 2026. Cusp of a Boom… Read More
Rhode Island Gov. Dan McKee has signed into law legislation that seeks to expand the state’s offshore wind energy resources. The new law requires a market-competitive procurement for between 600 and 1,000 MW of newly-developed offshore wind capacity. Rhode Island’s primary utility company, Rhode Island Energy, is required to issue the procurement no later than Oct…. Read More
Hexicon AB’s novel twin-turbine floating offshore wind system has secured the UK’s first ever Contracts for Difference financial support package for a floating wind farm. The CfD award will support Hexicon’s future TwinHub project in the Celtic Sea, a demonstration-scale 32 megawatt installation which will test out the potential of the company’s two-turbine-per-platform technology. The… Read More
The UK government today said its fourth Contracts for Difference (CfD) auction round has secured nearly 11 GW of clean energy, including almost 7 GW of offshore wind. This is the largest tender so far, with the latest awards representing double the capacity achieved in the previous round. A total of 93 projects with planning… Read More
Work has officially begun on building a £400m offshore wind turbine factory on the site of a former steelworks. Korean firm SeAH wind wants to build up to 150 turbine bases a year at its new Teesworks site creating 750 new jobs. Tees Valley mayor Ben Houchen said the old Redcar steelworks site was “filling up”… Read More
NEW YORK–(BUSINESS WIRE)–New Fortress Energy Inc. (NASDAQ: NFE) (“NFE”) and Apollo (NYSE: APO) today announced that they have entered into a definitive Equity Purchase and Contribution Agreement (the “Purchase and Contribution Agreement”) to sell 11 LNG infrastructure vessels owned by NFE to a newly formed joint venture (the “JV” or the “Platform”) between funds managed… Read More
Port of Tallinn and Sunly have signed a Memorandum of Understanding with the goal of realizing offshore wind energy in the Baltic States and creating maximum local knowledge and business opportunities during the development, installation as well as operation and maintenance of Sunly’s offshore wind farms. Sunly is developing offshore projects at West of Saaremaa… Read More
The International Marine Contractors Association (IMCA) has appointed Dustin Varnell to its Business Development team. Based in Rhode Island, Dustin will focus on the U.S. offshore wind energy market, complementing the work of Bruce Gresham, IMCA’s Director of Client Engagement in the U.S. Allen Leatt, IMCA CEO stated: “As a Master Mariner on dynamic positioned… Read More
The UK Department for Business, Energy and Industrial Strategy (BEIS) has awarded Ørsted a contract for difference for its Hornsea 3 offshore wind farm. The project was awarded at an inflation-indexed strike price of GBP 37.35 per MWh in 2012 prices. With a capacity of 2,852 MW, Hornsea 3 will produce enough low-cost, clean, renewable… Read More
Plans to generate electricity through floating wind farms off the south Wales coast could create thousands of new jobs, according to the Crown Estate. The property business owned by the monarch but run independently said the new industry could create about 29,000 jobs, including 10,000 in Wales. It is leasing the space to generate enough… Read More
Scottish engineering firm Orbital Marine Power said Monday it secured £8 million ($9.64 million) in funding to “finance the ongoing operation” of its O2 tidal turbine, in another step forward for the fledgling tidal power sector. In an announcement, Orbital Marine Power said £4 million had come from the Scottish National Investment Bank, which was… Read More
Austal U.S. has been selected to build the U.S. Coast Guard’s next set of 11 Offshore Patrol Cutters (OPCs). The $3 billion contract award comes as a disappointment for Eastern Shipbuilding Group, the Florida-based shipyard that worked on the design and built the first four in the series. In 2016, Eastern Shipbuilding Group won a… Read More
Parkwind has awarded Semco Maritime a service contract for the offshore substation at the 257MW Arcadis Ost 1 offshore wind farm in the German Baltic Sea. The contract covers 2022-2027 and will see the latter company perform service assignments at the platform northeast of the German island of Rügen. Semco Maritime has already been responsible… Read More
Eidesvik Offshore has appointed Helga Cotgrove as Chief Financial Officer (CFO). She will join the Company on 1 October 2022 at the latest. Cotgrove has more than 20 years of energy sector finance experience in various roles within M&A, strategy, tax, finance, accounting, and auditing. She comes from the position as CFO in Norsk Solar… Read More
TGS ASA, a global provider of energy data and intelligence, today announced that it has been named a successful bidder in the auction process conducted in connection with ION Geophysical Corporation’s (ION) Chapter 11 bankruptcy case pending in the United States Bankruptcy Court for the Southern District of Texas. As a result, TGS will acquire certain assets… Read More