Offshore Renewables News - page 8

Eneti's Seajacks Lands Offshore Wind Turbine Installation Deal Worth Up to $167M

Oct 18, 2023

Eneti, an offshore wind installation company, said Wednesday that its subsidiary Seajacks UK had signed a contract with an unnamed client to assist with wind turbine installation.Per Eneti, the mobilization will start in 2024, and the contract…

Ørsted to Sell 50% Stake in Offshore Wind Farm in Germany

Oct 17, 2023

Offshore wind farm developer Ørsted has signed an agreement to divest 50% of the Gode Wind 3 Offshore Wind Farm in Germany to funds managed by Glennmont Partners from Nuveen.Glennmont is one of Europe’s largest fund managers, focused exclusively on investments in clean energy infrastructure…

Will Floating Offshore Wind Drive a Shipbuilding Boom?

Oct 17, 2023

Will the emergence of a floating offshore wind industry drive demand for newbuilds? When would these new vessels be needed? And will there enough qualified mariners to crew them? Philip Lewis, director of research at Intelatus Global Partners, weighs in.See the full video interview here.

Ørsted Moves Closer to 50% Stake Divestment in Taiwanese Offshore Wind Farm Project

Oct 17, 2023

Denmark-based global offshore wind developer Ørsted is set to divest a 50% stake in its offshore wind farm project in Taiwan and has signed an exclusivity agreement with a Taiwanese insurance company and its affiliate, following a competitive divestment process…

Norwegian Ports Could Create Thousands of Jobs with Offshore Wind Investment

Oct 17, 2023

Norwegian ports investing in offshore wind  can generate NOK 8.4 billion (currently ~766 million) in annual value and employ approximately 6,400 people by 2030, a new report from Menon Economics has found.The report was commissioned by Norwegian Offshore Wind…

Massachusetts Offshore Wind Farm Dodges Lawsuits over Environmental, Fishing Concerns

Oct 16, 2023

A U.S. judge has rejected challenges to federal environmental permits and construction approvals for a $4 billion offshore wind farm near Massachusetts, which commercial fishing groups have claimed will harm whales and impair their businesses…

Poland and Norway Join Forces to Drive Innovation in Offshore Wind

Oct 12, 2023

Norwegian Offshore Wind, a Norway-based representative offshore wind body, has signed two agreements in the Polish offshore wind market.At Baltexpo event, the Polish Offshore Wind Energy Society (PTMEW) signed a collaboration agreement with Norwegian Offshore Wind…

Japan's Marubeni and Partners to Invest $12.3B in UK clean energy

Oct 12, 2023

Japan's Marubeni Corp has pledged to invest 10 billion pounds ($12.3 billion) with partners over the next decade in clean energy in the United Kingdom, according to a memorandum of understanding (MoU) signed on Wednesday. Marubeni and the UK government signed the MoU…

Global Energy Transition Hasn't Truly Started Yet as Fossil Fuels Persist - DNV

Oct 11, 2023

Between 2017-2022 renewables met 51% of new energy demand, while the remaining demand was supplied by fossil fuels, according to DNV’s Energy Transition Outlook.'Renewables are still just meeting increased demand rather than replacing fossil fuels…

SK E&S and CIP Seal Deal on 99MW Offshore Wind Project in South Korea

Oct 11, 2023

SK E&S, one of the largest conglomerates in South Korea, and Copenhagen Infrastructure Partners have reached financial close on the Jeonnam 1 offshore wind project in South Korea.Jeonnam 1 will be a 99-MW offshore wind farm off the coast of Shinan County…

Floating Offshore Wind By the Numbers: A Look at an Emerging Market

Oct 10, 2023

Philip Lewis, director of research at Intelatus Global Partners, breaks down growth potential in the emerging floating wind industry, including opportunities for vessels in T&I and EPCI.See the full video interview here.

The Headwinds of US Offshore Wind Development

Oct 09, 2023

On March 29, 2021, President Biden announced his ambitious plan to deploy 30 gigawatts (GW) of offshore wind power – enough energy to power 10 million U.S. homes – by 2030. The plan would leverage authorities under the Department of Interior…

US Committed to Tackling Offshore Wind Challenges -Intelatus

Oct 09, 2023

Despite the negative headlines around the longer-term prospects for the U.S. offshore wind segment, business intelligence company Intelatus Global Partners sees continued efforts by the federal government and, in particular, the East Coast states…

Global Energy Group Lands Transition Piece Preassembly Deal for Moray West Wind Farm

Oct 05, 2023

Global Energy Group (GEG) has been selected by Moray West Offshore Wind Farm to provide preassembly support services for the marshalling of 62 transition pieces (TPs) at the Port of Nigg. The major contract encompasses a broad range of critical onsite services…

Offshore Wind: Support Vessel Bottlenecks Loom in the US

Oct 02, 2023

An offshore wind industry is growing in the U.S. with an aim to meet the Biden Administration’s goal of 30 gigawatts (GW) of offshore wind by 2030, and eventually 110 GW by 2050.But as is the case for any new industry that is building up, there are going to be bumps along the way…

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