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Copenhagen Infrastructure Partners (CIP), on behalf of Copenhagen Infrastructure Fund IV, is pleased to announce that it has sold its 100% ownership interest in the Travers Solar project to a fund managed by Axium Infrastructure. Located about 130 km south of Calgary in Alberta, Canada, Travers has a total capacity of 465 MWac / 691… Read More
Further demonstrating the strong demand emerging in the offshore wind energy sector for prime locations, the UK’s Crown Estate concluded agreements for leases on six new offshore wind sites as part of the country’s fourth round of leasing. The annual option fees set by the companies through the auction process stand to provide £1 billion… Read More
Saipem has been awarded two offshore contracts for a total amount of approximately 900 million USD. The first contract – in partnership with Aker Solutions do Brasil – has been awarded by Total Energies, for the LAPA Southwest (LAPA SW) Development Project, a deepwater oil field in the Santos Basin in the South Atlantic, 270 kilometres… Read More
The UK’s Royal Fleet Auxiliary is set to take delivery in the next few days on the first of two vessels designed to support offshore subsea construction to initiate the Ministry of Defense’s new mission to patrol and protect key subsea assets. British Prime Minister Rishi Sunak has made the program one of his priorities… Read More
Fincantieri Marine Group (FMG) has reached agreement on a contract with CREST Wind, a joint venture between Crowley and Crowley and Esbjerg, Denmark-headquartered Esvagt, to design and build a 288-foot HAV 832 Service Operation Vessel (SOV). As we reported yesterday, the vessel will operate under a long-term charter with Siemens Gamesa Renewable Energy to support Siemens… Read More
Neoline pilot ship will use the SolidSail wind propulsion technology developed by Chantiers de l’Atlantique. Nantes, France, based Neoline is a significant step closer to realizing its ambition of becoming the first modern day shipowner to fully embrace energy efficiency by relying on wind power as its primary energy source. It has raised the funding needed to… Read More
Our floating heavy lift vessel Les Alizés has left the CMHI Haimen Shipyard in China and is currently heading for Europe. The vessel has been delivered by the shipyard on 16 January and has departed this morning. Les Alizés is specifically designed for loading, transporting, lifting and installing offshore wind turbine foundations. The main features… Read More
Ørsted presents operating profit (EBITDA) for 2022 based on preliminary and unaudited reporting. It has been a year with unusual market conditions, not least very volatile energy prices and a substantial increase in inflation. Despite this, we achieved 2022 results (EBITDA) within our latest guidance from 3 November 2022 and above our initial expectations for… Read More
The first turbines at the 257-MW Arcadis Ost 1 offshore wind farm in the German Baltic Sea have been energised, and are now producing electricity, the project owner, Belgium’s Parkwind NV, said on Tuesday. The wind farm has been uploading power to the German grid since January 12. Parkwind situated the Arcadis Ost 1 project… Read More
Ørsted has signed an agreement to acquire Public Service Enterprise Group’s (PSEG) 25 % equity stake in the 1,100 MW offshore wind energy project Ocean Wind 1 located approx. 24 km off the coast of southern New Jersey in the US. The acquisition provides Ørsted with 100 % ownership of Ocean Wind 1. As Ocean… Read More
The Biden Administration is finalizing the next five-year offshore leasing program, which has been delayed by several months already, creating yet another uncertainty for the U.S. oil industry which has had to grapple with numerous mixed messages from Washington since President Biden took office. The previous five-year program expired in June 2022. The Biden Administration… Read More
Introduction 2022 was an eventful year for the Offshore industry. Geopolitical tensions between Russia and Ukraine caused the price of oil to hit USD 100 per barrel and reach highs of c. USD 130 per barrel. Oil majors announced record profits, and the vessel and rig owning sector witnessed both an increase in asset values… Read More
While approaching Wainscott Beach on Long Island’s South Fork in early December, one could see the most tangible aspect of offshore wind’s New York progress even before hearing the crash of waves: three pillars, each about as tall as the Statue of Liberty, jutting up from the ocean. They were the legs of the Jill, a liftboat… Read More
The U.S. Department of the Interior is taking important steps to support the development and maturation of the offshore renewable energy sector by further defining and simplifying the safety and environmental regulatory responsibilities. In a move that is being supported by the clean power industry, the Department clarified the roles of the Bureau of Ocean… Read More
Under the new contract, U.S.-based Crowley will manage and crew the SOV to support Siemens Gamesa’s service operations on the Dominion Energy Coastal Virginia Offshore Wind project. ESVAGT, based in Denmark, will support Crowley with design, construction, crew training and operation services as part of the two companies’ joint venture, CREST Wind, created in 2021… Read More