The potential global capacity for deploying floating solar photovoltaic (FPV) power is currently around 4 terawatts (TW) and installed capacity will reach 10 gigawatts (GW) worldwide by 2025, energy expert and assurance provider DNV said Wednesday…
Norway unveiled plans on Wednesday for a major expansion in offshore wind energy by 2040, aiming to turn a country that has built its wealth on oil and gas into an exporter of renewable electricity.The center-left government, which has come…
TotalEnergies, the French oil major with growing renewables aspirations, on Tuesday confirmed the start of the construction of the 30MW Eolmed floating wind project in the Mediterranean Sea, off France.The project, in which TotalEnergies has a 20% stake…
Singapore-based Sembcorp Marine has awarded NOV contracts to supply equipment for the wind turbine installation vessel (WTIV) it is building for Maersk Supply Service. This will be the first WTIV for both Semcorp Marine and Maersk Supply Service…
MO4, a company providing digital twin solutions for offshore wind farm O&M and turbine and installation vessels, has won a 10-year contract with North Star, a company soon to have a fleet of service operations vessels (SOV) of offshore wind…
Singapore-listed offshore services provider Marco Polo Marine has completed the acquisition of the offshore renewables service firm PKR Offshore.Marco Polo bought the Taiwan-based company through its 49% owned joint venture company, Oceanic Crown Offshore Marine Services Ltd…
Independent infrastructure investor Global Infrastructure Partners ('GIP') has agreed to acquire offshore wind farm developer wpd offshore from the German company wpd AG.wpd offshore has a track record of ~7 GW of offshore wind developed to date…
Wind turbine makers racked up hefty losses last quarter, swelled by rocketing costs and cut-throat competition despite being more in demand than ever.The industry started seeing a steep decline in prices and increased competition back in 2017 as some governments moved away from generous…
The EolMed consortium comprising Qair, TotalEnergies, and BW Ideol, has reached a final investment decision for its 30MW offshore floating wind development in France, BW Ideol said in a brief statement on Thursday.BW Ideol, a company making foundations for floating wind turbines…
GE's Grid Solutions business, a global power industry systems provider, has signed a memorandum of understanding with offshore platform and modules builder HSM Offshore Energy to partner on offshore wind substations projects'This MoU can help…
Wave energy technology firm Eco Wave Power has entered an official agreement with Port Adriano, Spain, for the potential construction of a wave energy power plant of up to 2MW. According to the terms of the agreement, Port Adriano will assign…
Fred. Olsen 1848, a Norwegian company developing technologies and solutions for the renewable energy industry, has launched a foundation for floating wind turbines, called Brunel, which, the company says, will be a game-changer that can unlock the potential of floating offshore wind…
Wind turbine maker Siemens Gamesa has appointed Tim Dawidowsky as its Chief Operating Officer.The company is hoping Dawidowsky's expertise in supply chain management, procurement, and prodject management will help alleviate issues flagged last month when Siemens Gamesa pulled its 2022 guidance…
Danish wind turbine installation company Cadeler is contemplating a private placement of shares to raise funds to pay for a portion of a planned order for a newbuild offshore wind foundation installation vessel (F-Class) vessel.The company, which owns two offshore wind turbine installation vessels…
India plans to set up 30,000 megawatts (MW) of offshore wind power capacity alongside 50,000 MW of solar capacity, the country's power minister said on Tuesday.'India has focused programs for capacity addition and accelerating the energy transition…
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