Canadian pipeline company Enbridge is keen on further offshore wind investments in France, but will avoid the United States, where cost and supply chain problems have contributed to offshore projects collapsing, a senior executive said.Rising costs have led to canceled projects in the U…
As we enter a New Year, the memories of the shocks to the foundations to the U.S. offshore wind segment remain fresh. In short, supply chain inflation and capacity/availability, interest rate increases, and tax credit monetization have been…
Shoreline Wind, developer of intelligent SaaS solutions for powering wind energy, announced the appointment of Andrew Pearson as its new chief executive officer.Prior to joining Shoreline Wind, Pearson held CEO roles at range of growth SaaS companies…
Copenhagen Infrastructure Partners and Avangrid said on Wednesday their joint venture Vineyard Wind began generating power for the first time, supplying five megawatts (MW) to the New England grid.The project is expected to have five turbines operating at full capacity in early 2024…
European energy firms Equinor and BP terminated their agreement to sell power to New York state from their proposed Empire Wind 2 offshore wind farm, citing rising inflation, higher borrowing costs, and supply chain issues.'This agreement reflects…
The U.S. offshore wind industry is eying a brighter 2024, with work expected to start on several projects following a year marked by stalled developments and billions of dollars in write-offs.The offshore wind industry is expected to play a major role in helping several states and U…
German utility RWE on Thursday said it would acquire three offshore wind projects off the English coast from Sweden's Vattenfall in a deal that values the assets at 963 million pounds ($1.2 billion).The UK Norfolk Offshore Wind Zone portfolio consists of three 1…
Orsted said on Wednesday it had made a final investment decision on the Hornsea 3 project off Britain's coast, indicating it will proceed with what will become the world's largest offshore wind farm.The project, which will have capacity to power more than 3…
The Hollandse Kust Noord offshore wind farm, built by CrossWind, a joint venture between Shell and Eneco, has started operating in the Dutch North Sea.The Hollandse Kust Noord offshore wind farm, located 18.5 kilometers off the coast, became operational on December 20…
Asso.subsea announced it has completed the Inter-array cable installation and protection operations for the 500 megawatt (MW) Fécamp Offshore Wind Project offshore France.Asso.subsea was contracted by Prysmian Group to execute the seabed preparation…
Aker Capital AS has acquired 8,240,000 shares in Solstad Offshore ASA, at an average price of NOK 48.45 per share.Following the transaction, Aker Capital holds 27,089,493 shares in the company, corresponding to an ownership interest of approximately 32…
Chlorine sensors manufacturer Halogen Systems announced it recently shipped its first batch of chlorine analyzers to be installed in offshore wind farms. The sensors, designed to measure the residual chlorine levels in seawater cooling systems…
Integrated Wind Solutions (IWS) announced its IWS Fleet subsidiary has taken delivery of the new commissioning service operations vessel (CSOV) IWS Skywalker from shipbuilder China Merchants Industry Holdings Co., Ltd. (CMI).After transit to Europe…
More than 100 countries at the COP28 climate summit in Dubai have agreed to triple renewable energy capacity by 2030 - one of the least controversial commitments floated at the conference.But they have given little detail on how they can make an industry running flat out go that much faster…
The Biden administration on Monday announced a plan to sell offshore wind development rights for two areas off the coasts of Delaware, Maryland and Virginia next year.The proposed sale by auction is the latest effort by President Joe Biden's…
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