The global market for offshore wind projects is improving with governments and companies now offering high enough prices to make projects economically viable, the CEO of Portugal's largest utility Energias de Portugal (EDP) said on Tuesday.Many…
UK-based offshore intelligent energy management and energy storage specialist firm Verlume reports it has signed a memorandum of understanding (MOU with Swedish energy-tech company SeaTwirl to collaborate around electrification of offshore assets and decarbonization of the oil and gas industry…
The Japanese government said on Friday it had selected a consortium comprising Japan Renewable Energy, Iberdrola Renewables and Tohoku Electric Power as the wind power operator for an offshore block tendered in a second round of public auctions…
Norway began its first auction on Monday for the right to build a commercial offshore wind farm, offering up to 1.5 gigawatts (GW) of capacity in what the government hopes will be the start of a massive development of renewable electricity.'Bids are coming in…
An official launch ceremony was held to celebrate the commissioning of a new Jones Act compliant crew transfer vessel (CTV) built for American Offshore Services (A-O-S)—the company's first.Constructed by Blount Boats in Warren, R.I., the 100…
A floating offshore wind farm planned in Arctic waters on Friday received 2 billion Norwegian crowns ($193 million) in state funding, with Norway viewing the still costly technology as a key contributor for industry development and emission cuts…
“The winds of change are blowing wild and free.” – Bob DylanIn the U.S. offshore wind industry, developments over recent months have placed an exclamation point on the word “wild”. Yes, the wind still blows “free”, but mounting challenges have…
New York officials on Thursday awarded provisional contracts to two proposed offshore wind projects under a program meant to support the embattled industry and keep the state's clean energy goals on track.The state selected a planned 810-megawatt project…
Denmark's Orsted announced a new chief financial officer and head of operations on Tuesday as the world's largest offshore wind farm developer looks to bounce back from a string of losses and project cancellations.Rising inflation, interest…
Spain has opened a public consultation on a new set of rules for offshore wind energy production, laying the groundwork for auctions of sea-based concessions, the Energy Ministry said on Monday.The sector had been urging the government to publish…
U.S. utility firm Dominion Energy said on Thursday it would sell a 50% non-controlling interest in its Coastal Virginia offshore wind farm to Stonepeak to help fund construction of the roughly $10 billion project.Dominion said it would retain…
The United States’ Bureau of Ocean Energy Management (BOEM) approved the Construction and Operations Plan (COP) for Equinor’s Empire Wind project, marking another milestone in advancing the New York offshore wind project.With this permitting action by BOEM secured…
Renewable energy firm Avangrid and fund manager Copenhagen Infrastructure Partners said on Thursday their joint venture, Vineyard Wind 1, has begun operations at five of its wind turbines, supplying 68 megawatts (MW) to the New England grid…
The Bureau of Ocean Energy Management (BOEM) on Tuesday finalized two wind energy areas (WEAs) in the offshore Oregon region, aligning with government goals to deploy 30 gigawatts of offshore wind power along U.S. coastlines this decade to fight climate change…
The U.S. Department of Transportation's Maritime Administration (MARAD) in December issued a final rule updating its financial requirements for the Federal Ship Financing Program, commonly referred to as Title XI. While the move applies to the U…
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