BW Offshore, a company known for its FPSO leasing business in the oil and gas sector, is looking to diversify by entering the floating offshore wind space and has started talks with floating wind firm Ideol over a potential investment.The move…
BW Offshore, a company mainly known as the operator of FPSO vessels in the oil and gas industry, is creating what it calls 'a floating offshore wind champion targeting large-scale projects,' following an agreement signed Wednesday to buy into the floating offshore wind tech developer Ideol…
Ireland's state-owned Electricity Supply Board (ESB) last Friday announced a decision to convert Moneypoint, the country's only coal-fired power plant, into the country's first green energy production hub as part of the project called Green Atlantic @ Moneypoint…
On many levels, 2020 was a pretty horrific year, “a year like no other”, according to Mike Beveridge, managing director of energy investment firm Simmons Energy, a division of Piper Sandler. It’s easy to see why. A dip into a negative WTI contract prices…
Ocean Winds, a JV created by EDP Renewables and Engie last year, has signed a deal with Terna Energy to work on the development of floating offshore wind projects in the Greek seas.Ocean Winds, which has an offshore wind portfolio comprised of 1…
BW Ideol, a company created last month after FPSO firm BW Offshore announced its investment into floating wind company Ideol, has applied for listing on Euronext Growth.'Oslo Børs has received an application for admission to trading on Euronext Growth from BW Ideol AS…
Energy services giant TechnipFMC and renewables investor Magnora have entered into an agreement to jointly pursue floating offshore wind project development opportunities under the name Magnora Offshore Wind.Magnora, which invests cash generated from a UK oil field to invest in renewables…
The Middle East might soon be home to a unique floating wind turbine project led by a group of European companies. Namely, unlike the other floating wind projects currently developed or being worked on, aimed purely at producing electricity…
Energy group Iberdrola plans to spend more than 1 billion euros ($1.2 billion) on an industrial-scale floating wind power farm off the Spanish coast if it secures help from a fund that seeks to lift Europe out of a coronavirus recession.The…
SeaTwirl, a Swedish company developing vertical-axis floating wind turbines, has said that it has been granted a patent by the Japanese Patent Office for its divisible wind turbine. According to the company, the patent protects a solution where…
Marine renewable energy group Ocean Energy Europe (OEE) has appointed CorPower Ocean CEO Patrik Möller and Simon De Pietro from DP Energy as its new Co-Presidents. 'This pairing brings together both technology and project development perspectives…
The UK floating offshore wind could reach “subsidy-free” levels by the early 2030s, according to a study completed by the ORE Catapult’s Floating Offshore Wind Centre of Excellence (FOW CoE).The study titled: 'The Floating Offshore Wind: Cost…
Testing, inspection, and certification firm Bureau Veritas and offshore cable specialist Nexans have entered a partnership deal to reduce risk and promote best practices for turnkey deliveries of high voltage power cables used for connecting offshore wind farms (OWF) to onshore grids…
The floating wind industry, still in its infancy, is set for a 2000-fold increase in installed capacity by 2050, DNV GL said, however, warning that more comprehensive industry standards and risk management is required for the technology to scale…
EDF Renewables is looking to build phase two of the Blyth Offshore Demonstrator (BOD) wind farm off the coast of Northumberland, England, using floating offshore wind technology. Once completed it would be among the first projects of this kind in English waters…
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