Much has been written recently about the challenges facing U.S. offshore wind projects, resulting in requests to terminate or renegotiate contracts to sell power to states. Examples of these challenges can be found from Massachusetts to Virginia…
Norway's Equinor and its partner BP are seeking a 54% increase for the price of power produced at three planned offshore U.S. wind farms, according to a filing made by a New York state regulatory authority. The two partners in recent years won the rights to build the Empire Wind 1…
Offshore wind installation services firm Fred. Olsen Windcarrier (FOWIC) has been awarded a contract working with Shimizu for the transportation and installation of monopile foundations for the 640 MW Yunlin offshore wind farm off the west coast of central Taiwan…
Spain's renewable energy giant Iberdrola has told investors it does not need to book any impairments in its offshore business, a document seen by Reuters on Wednesday showed.The document is designed to reassure investors after Denmark's Orsted…
Enerpac won a contract by Saipem to supply the Hydraulic Levelling and Fixation System for the installation of 64 transition pieces (TP) at the offshore wind farm in France. The Enerpac system is designed to allow accurate levelling and fixation of the transition pieces on the monopile foundation…
SEAONICS has received an order to supply the electric controlled motion compensated (ECMC) gangway and crane package for U.K based Purus Wind's new commissioning service operation vessels (CSOV). The order includes delivery of equipment for two vessels…
New studies leveraging conceptual designs of offshore wind turbines point to how their drivetrains could change in the near future to produce more power while lowering costs, according to a new journal article by the U.S. Department of Energy’s…
The low interest in the first-ever auction of offshore wind farm development rights in the Gulf of Mexico marks a potentially serious setback for U.S. President Joe Biden’s green energy agenda, and the U.S. offshore wind sector in general.U…
Norwegian Offshore Wind has signed an MoU with The Polish Investment and Trade Agency, aiming to boost offshore wind collaboration between the two countries.“These two markets have different strengths within offshore wind, and we therefore have…
Cadeler A/S published its interim financial report for the first half of 2023 presenting a positive result exceeding the guidance projected for the fiscal year 2023. Revenue in the first six months of 2023 was EUR 68 million, which is an increase of 57% against the same period last year…
The fossil fuel price crisis has accelerated the competitiveness of renewable power, according to the International Renewable Energy Agency (IRENA). Around 86% (187GW) of all the newly commissioned renewable capacity in 2022 had lower costs than fossil fuel-fired electricity…
Only one of three available areas was sold during the United States' first ever offshore wind lease sale in the Gulf of Mexico on Tuesday.The auction, held by the Interior Department's Bureau of Ocean Energy Management (BOEM) offered up three sites for offshore wind development…
Denmark's Orsted, the world's No. 1 offshore wind farm developer, said on Wednesday it anticipates impairments of up to 5 billion Danish crowns ($729.78 million) on its U.S. portfolio, as there is an increasing risk in its suppliers' ability to deliver on their commitments…
Danish offshore charging solutions company Stillstrom has signed an MoU with UK offshore support vessel operator North Star to accelerate the adoption of offshore charging and vessel electrification technologies for service operation vessels (SOVs) in the offshore wind sector…
State-backed export credit agency Export Finance Norway (Eksfin) has provided loan guarantee financing to Spanish energy company Iberdrola, a transaction that supports Norwegian exporters’ participation in the East Anglia Three wind park project in the UK…
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