Offshore Renewables News

US Offshore Wind Will Fall Short of Biden's 2030 Goal, Analysis Says

Jul 09, 2024

The United States will fall far short of the Biden administration's 2030 offshore wind goal but will catch up quickly in the following years, according to an analysis by an industry group published on Tuesday.The American Clean Power Association…

Uncertainty Clouds US Offshore Wind in the Near Term

Jul 08, 2024

U.S. offshore wind aspirations, both federal and state, have resulted in excitement about the potential opportunity of a large U.S. offshore wind market. But uncertainty, initially financially driven and increasingly a result of political uncertainty…

British Renewable Industry Pushes Government to Boost Auction Budget

Jul 08, 2024

Britain's renewables industry has called on the new Labour government to increase the country’s renewable auction budget by hundreds of millions of pounds to help meet its offshore wind target and wider goal to decarbonize the power grid.Labour…

Global Maritime Tapped to Support Floating Wind Project

Jul 02, 2024

Marine and engineering consultancy Global Maritime said it has been awarded a contract by the Salamander Offshore Wind Farm, a joint venture between Ørsted, Simply Blue Group and Subsea7, to provide engineering services for the PREDICT 2.0 project…

BOEM Approves COP for Avangrid's New England Wind Projects

Jul 02, 2024

The U.S. Bureau of Ocean Energy Management (BOEM) announced its approval of Avangrid's New England Wind Construction and Operations Plan (COP), which authorizes construction and operation of two wind energy projects. This is the final approval of these two projects from BOEM…

U.S. Shipbuilding Sector in Focus: Crew Transfer Vessels

Jul 02, 2024

A fleet of Jones Act compliant crew transfer vessels is growing in stride with the United States’ burgeoning offshore wind industry.When the United Sates’ first purpose-built crew transfer vessel (CTV), Atlantic Pioneer, was delivered in 2016…

Saipem Starts Work at French Offshore Wind Project

Jul 01, 2024

Italy's Saipem has started work at the Courseulles-sur-Mer offshore wind project in Normandy, the energy group's CEO Alessandro Puliti said on Monday, adding that the wind farm should be completed in 2025.Some big offshore wind projects around…

US Announces Atlantic Offshore Wind Lease Sale for August

Jun 28, 2024

U.S. President Joe Biden's administration said on Friday it will hold an offshore wind energy lease sale off the coasts of Delaware, Maryland and Virginia in August as part of its broader efforts to expand the industry to fight climate change…

Edison Buys 50% Stake in Offshore Wind Project in Sicily

Jun 26, 2024

Edison has acquired a 50% stake in a special purpose company aimed at developing a 975 megawatt (MW) offshore floating wind project in Sicily, the utility said on Wednesday.Italy, which has no floating offshore wind farms in operation yet, aims…

Japan's Industry Minister to Visit Key Offshore Wind Site

Jun 25, 2024

Japanese Industry Minister Ken Saito will visit Akita in northern Japan on Saturday to discuss the development of offshore wind power with industry and government officials, the ministry said on Tuesday.The move aligns with Japan's increased efforts to boost the deployment of renewable energy…

Ørsted's Sunrise Wind Project Gets Final Approval

Jun 21, 2024

The U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM) on Friday announced its approval of Ørsted’s construction and operations plan (COP) for the Sunrise Wind project, marking the final approval needed from the federal…

Floating Wind Startup Aikido Technologies Raises $4 Million

Jun 21, 2024

Floating wind startup Aikido Technologies announced the close of its over-subscribed $4 million Series Seed investment round. The financing was led by Azolla Ventures with participation from Propeller Ventures, Sabanci Climate Ventures, Cisco Foundation…

India to Invest $894 Million Toward Offshore Wind Energy

Jun 19, 2024

India's cabinet has approved funding program for offshore wind energy projects at a total cost of 74.52 billion rupees ($893.60 million), the government said in a statement on Wednesday.India, one of the world's biggest emitters of greenhouse gases…

Norway's Sovereign Wealth Fund Buys UK Wind Farm Stake

Jun 17, 2024

Norway's sovereign wealth fund has bought a 37.5% stake in the 573 megawatts operational wind farm Race Bank offshore Britain for 330 million pounds ($418 million), it said on Monday.The Norwegian fund would also become responsible for a debt facility of 644 million pounds…

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