Denmark's Ørsted, the world's No. 1 offshore wind farm developer, on Wednesday reported fourth-quarter operating profit in line with preliminary 2022 numbers but said its offshore business faced challenges. 'In a year with unusual market conditions…
Japanese trading firm Marubeni Corp started commercial operation based on the feed-in tariff program for renewable energy at Akita Port offshore wind farm on Tuesday, it said in a statement.Japan's offshore wind power market, part of the country's goal to be carbon neutral by 2050…
Most of the media coverage of offshore wind development in the United States focuses on the leases of the offshore areas where the wind turbines will be located. However, equally important is the landside dimension of these projects, including the manufacture…
As companies race to expand renewable energy and the batteries to store it, finding sufficient amounts of rare earth metals to build the technology is no easy feat. That’s leading mining companies to take a closer look at a largely unexplored frontier – the deep ocean seabed…
Oil major BP plans to build a vast carbon capture project beneath the North Sea that would be crucial to Britain hitting its emissions targets. Power giant Orsted aims to build a huge offshore windfarm to help the country meet renewable goals…
Palatka, Fla. shipbuilder St. Johns Ship Building held a keel laying ceremony on January 18 for the second in a series of up six new aluminum crew transfer vessels (CTVs) for Rhode Island-based Atlantic Wind Transfers (AWT) to service the offshore wind farm industry…
Spanish power company Iberdrola is considering the sale of a stake in its U.S. renewables business to help to finance new investments, two sources with knowledge of the matter told Reuters. One of the sources said that Iberdrola had appointed…
Germany said on Friday it has drawn up new development plans for offshore wind turbine sites to reach a target for 30 gigawatts (GW) of installed wind power capacity by 2030.The plans by the Federal Maritime and Hydrographic Agency (BSH) will ensure that the target can be met…
Danish offshore wind installation vessel owner Cadeler has awarded Semco Maritime a contract for vessel modifications as part of the upgrade of main crane capacity on Cadeler’s two O-class windfarm installation vessels (WFIV), Wind Orca and Wind Osprey…
Briggs Marine and its sister firm ARB Wind have secured a contract to deliver a temporary dehumidification system for ten offshore wind transition pieces at the Neart na Gaoithe offshore wind farm project to control humidity levels. The Neart na Gaoithe offshore wind farm project is located 15…
Subsea cable maker Hellenic Cables plans to invest around 80 million euros (currently ~$86,47 million) over two years to meet the growing demand for 'electrification driven by the accelerating transition to a low-carbon economy.'The program…
King Charles told the British government he would like the expected surge in profit from a 900 million pound ($1.1 billion)-a-year wind farm deal for his Crown Estate to go to the 'wider public good' rather than to the royal family.Under agreements announced on Thursday…
The Crown Estate, responsible for the seabed around England, Wales, and Northern Ireland, has signed agreements for lease for six offshore wind projects with companies involving TotalEnergies, BP, RWE, Corio Generation, EnBW, Cobra IS, and Flotation Energy…
Eolus and PNE have created a joint venture to develop the Kurzéme offshore wind project in Latvia. The wind farm will have a capacity of around 1 GW and is planned to start commercial operation before 2030.The project area is located in the Baltic Sea…
Offshore construction company Havfram Subsea said Thursday it was taking back its Ocean Installer name.The company's subsea business was known as Ocean Installer from the company's inception in 2011, with the 2020 name change reflecting its diversification into the offshore wind industry…