Soaring costs, project delays and limited investment put targets out of reachAfter a year of canceled projects, broken turbines, and abandoned lease sales, the global offshore wind industry no longer has much chance to hit the lofty targets set by governments in the U…
The European Investment Bank (EIB) and Elia Transmission Belgium (ETB) have signed a $704 million (€650 million) green credit facility agreement, earmarked for the realization of the first phase of the Princess Elisabeth Island project.The Princess…
The Energy Ministers of the nine North Sea countries held their annual meeting on Friday in Odense, Denmark, reaffirming their ambition to transform the North Seas into Europe’s “green power plant.”The North Seas Energy Cooperation is the intergovernmental…
Belgium-based offshore installation services company DEME has secured a contract, worth up to $320 million, to carry out the transport and installation works for the inter-array cables and secondary steel for the OranjeWind offshore wind farm in the Netherlands…
DNV, the independent energy expert and assurance provider, has certified the first CO2 storage site for Project Greensand in Denmark, marking a key milestone in the advancement of carbon capture and storage (CCS).Building on prior certifications issued in June 2023…
Following the capacity reservation agreement signed in November 2023, French cable maker Nexans has signed an agreement with SSEN Transmission to produce and install the cable that will connect Orkney Isles with the U.K. mainland.The contract…
French subsea power cable maker Nexans has unveiled plans to invest $99 million (€90 million) in the construction of new and the upgrade of existing facilities to support the development of offshore wind and subsea interconnections in Europe…
The Ondas de Peniche (ONDEP) project has been awarded $21 million (€19 million) from the EU’s Horizon Europe funding program to deploy a 2 MW wave energy array featuring four WaveRoller wave energy converters.The ONDEP project will start in October 2024 and last for five and a half years…
Equinor and Polenergia, the developers of the Bałtyk 2 and Bałtyk 3 offshore wind farms in Poland, have hired Smulders for the delivery of substations for both Baltic Sea developments, which will also work in consortium with Sif for the manufacturing of 100 transition pieces…
Denmark will delay by at least three more years construction of a planned North Sea energy island to supply renewable power to three million European households, a government minister said on Wednesday, citing rising costs and high interest rates…
BP has selected Exmar Offshore and Audubon Engineering Company to complete engineering and design of a floating production unit (FPU) destined for the British supermajor's deepwater Kaskida development in the U.S. Gulf of Mexico.Exmar Offshore…
Eneco, Ocean Winds, and Otary have formed a strategic partnership to jointly compete in the tender for the offshore wind Princess Elisabeth concessions in Belgium.The consortium, subject to all required regulatory and competition approvals,…
Belgium-based offshore installation contractor Jan De Nul has signed preferred supplier agreement with Copenhagen Infrastructure Partners (CIP) for the installation of subsea high-voltage export cable for Fengmiao I offshore wind farm in Taiwan…
Equinor has been awarded the operatorship for the development of two new CO2 storages in the North Sea along with a 100% share for the two licenses, Albondigas and Kinno.The new licenses are each expected to have the capacity to store around 5 million tons of CO2 per year when in operation…
Danish wind turbine maker Vestas has hired Maersk for the transport of extra heavy powertrains for its largest ever built offshore wind turbine - the V236, rated at 15 MW.This powertrain of the 15 MW turbine weighs 260 tons alone and will be installed in the nacelle in Vesta’s factory in Lindø…
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