615 results found for 'ocean wind 1'

615 results found for 'ocean wind 1'
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  • Ørsted and New Jersey Reach USD 125 Million Settlement Over Scrapped Offshore Wind Projects

    29 May 2024
    Authorities, Business & Finance, Planning & Permitting

    Danish renewable energy developer Ørsted will pay New Jersey USD 125 million (approximately EUR 115 million) to settle claims over the company’s cancellation of two offshore wind farm projects, Ocean Wind 1 and Ocean Wind 2, last year. The state’s Board of Public Utilities (BPU) said the USD 125 million it will receive will be […]

  • Ørsted Doubles Offshore Wind Earnings in 2023

    7 February 2024
    Business & Finance

    World’s leading offshore wind developer Ørsted has reported an operating profit (EBITDA) of DKK 18.7 billion (about EUR 2.5 billion) for 2023 and expects this year’s operating profit to be between DKK 23 billion and DKK 26 billion (approximately EUR 3 billion and EUR 3.4 billion). This is according to Ørsted’s 2023 annual results, which […]

  • Ørsted Terminates Skipjack Wind Offtake Agreement Amid ‘Challenging Market Conditions’

    26 January 2024
    Authorities, Business & Finance, Fixed-Bottom, Planning & Permitting, Project Updates, Wind Farm Update

    Ørsted has unveiled that it is pulling out of an offtake agreement with the State of Maryland for its 966 MW Skipjack Wind offshore wind project in the US. Following consultation with the State of Maryland, Ørsted has withdrawn from the Maryland Public Service Commission Orders approving the Skipjack 1 and 2 offshore wind projects. […]

  • Shell Exits US Offshore Wind Project, Sells Stake to Ocean Winds

    21 March 2024
    Business & Finance, Project Updates, Wind Farm Update

    Shell New Energies, a subsidiary of Shell, has sold its 50 per cent equity share in SouthCoast Wind Energy, established in 2018 to develop wind projects off the coast of Massachusetts, to its joint venture partner Ocean Winds North America for an undisclosed sum. According to Shell, the deal with Ocean Winds was structured to […]

  • Danish Offshore Wind Giant Exits Markets, Axes Renewable Energy Targets, and Reduces Positions

    7 February 2024
    Business & Finance, Business development, Industry, Jobs & Recruitment, Market Outlooks, Outlook & Strategy

    Denmark-headquartered Ørsted has revealed a substantial revision of its plans, including a reduced 2030 renewable energy target, job cuts, exit from several markets, and “leaner development” within floating offshore wind and Power-to-X. As a result of the business plan approved by Ørsted’s Board of Directors, Ørsted has updated its ambition for installed renewable capacity from […]

  • Ørsted, Eversource Greenlight 924 MW Sunrise Wind After Securing US Approval

    27 March 2024
    Authorities, Business & Finance, Business development, Planning & Permitting, Project Updates, Wind Farm Update

    The 924 MW Sunrise Wind offshore wind farm has received its Record of Decision (ROD) from the US Department of Interior’s Bureau of Ocean Energy Management (BOEM). In addition, the project’s developers, Ørsted and Eversource, have taken a final investment decision (FID) on Sunrise Wind and will now advance with onshore construction activities. Located approximately […]

  • US Offshore Wind to Hit 14 GW by 2030, Missing President Biden’s 30 GW Target – ACP Report

    10 July 2024
    Business & Finance, Industry, Market Outlooks, Outlook & Strategy, Supply Chain

    The American Clean Power Association (ACP) has projected there will be approximately 14 GW of offshore wind capacity deployed by 2030, falling short of the 30 GW goal set by the Biden Administration in 2021. ACP’s recent report also outlines USD 65 billion (approximately EUR 60 billion) in investments and 56,000 jobs in the US […]

  • Maryland Governor Enacts Bill that Enables State to Re-Allocate Ørsted’s Skipjack ORECs to US Wind

    13 May 2024
    Authorities, Business & Finance, Fixed-Bottom, Planning & Permitting, Project Updates

    Maryland Governor Wes Moore signed a new offshore wind bill on 9 May, under which the State will create a schedule for offshore wind solicitations until 2031 and revise previous solicitations. The latter will allow the State to re-allocate the support awarded to Ørsted’s Skipjack project, from whose power purchase agreement the developer withdrew, to […]

  • BOEM Publishes Final EA for Central Atlantic Offshore Wind Lease

    6 June 2024
    Authorities, Business development, Planning & Permitting, Research & Development

    The US Bureau of Ocean Energy Management (BOEM) has finalized the environmental review of potential offshore wind lease activities in the Central Atlantic. BOEM announced on 6 June the availability of its final Environmental Assessment (EA), which considers possible impacts from issuing leases for potential offshore wind development off the Delaware, Maryland, and Virginia coasts, […]

  • Ocean Winds and Australian University Join Forces on Offshore Wind

    21 June 2024
    Collaboration, Environment, Jobs & Recruitment, Outlook & Strategy

    Ocean Winds (OW) has signed a Memorandum of Understanding (MoU) with Monash University to work together on establishing a sustainable supply chain for Australia’s offshore wind sector and to explore methods for conserving the nation’s biodiversity. As Ocean Winds expands to Australia with its High Sea Wind project, awarded on 1 May 2024, the partnership […]

  • Atlantic Oceanic Buys MPSV as Part of Its Ongoing Fleet Growth Programme

    1 March 2024
    Business & Finance, Business development, Outlook & Strategy, Vessels

    Offshore ship-owning group Atlantic Oceanic (UK) has acquired an advanced DP2 multi-purpose supply vessel (MPSV) as part of its ongoing fleet growth programme. The vessel, named Atlantic Spirit and previously known as Tek-Ocean Spirit, is an 87-metre-long specialist MPSV equipped with a DP2 dynamic positioning system and a 65-tonne active heave compensation (AHC) high lift […]

  • Simply Blue Joins Consortium to Develop First-Ever Commercial-Scale Seaweed Farm Located Between Wind Turbines

    15 March 2024
    Business development, R&D, Research & Development

    Ireland-headquartered Simply Blue Group has joined the North Sea Farm 1 (NSF1) project consortium to develop the world’s first commercial-scale seaweed farm located within an offshore wind farm. Located off the coast of the Netherlands in the North Sea, the 10-hectare farm is planned to become operational in autumn 2024 when it will be deployed […]

  • BOEM Issues Final EIS for Atlantic Shores South Wind Project Offshore New Jersey

    24 May 2024
    Authorities, Fixed-Bottom, Planning & Permitting, Project Updates, Wind Farm Update

    The US Bureau of Ocean Energy Management (BOEM) has released the final Environmental Impact Statement (EIS) for two wind projects offshore New Jersey that are being developed by Atlantic Shores Offshore Wind, a joint venture between Shell New Energies and EDF-RE Offshore Development. If approved, Atlantic Shores Offshore Wind Project 1 and Atlantic Shores Offshore […]

  • California PUC Sets Out Procurement Path for 7.6 GW of Offshore Wind in Operation by 2037

    23 July 2024
    Authorities, Floating Wind, Planning & Permitting

    The California Public Utilities Commission (CPUC) has issued a proposed decision that could see the US state running three offshore wind solicitations to procure up to 7.6 GW of installed capacity. The first projects under the proposed procurement timeline would be in operation by 1 June 2035. The proposed decision, issued on 19 July, is […]

  • Port San Luis, CET to Assess Offshore Wind O&M Port Potential in California

    25 July 2024
    Business & Finance, Business development, Infrastructure, Operations & Maintenance, Ports & Logistics, Research & Development

    The US Port San Luis Harbor District has entered into a project evaluation agreement with Clean Energy Terminals (CET), a developer of offshore wind port facilities across the US, to jointly evaluate the feasibility of an offshore wind operations and maintenance (O&M) port facility in California’s San Luis Obispo Bay. Project evaluation is expected to […]

  • Nexans Wraps Up Moray West Export Cable Pull-In Work Offshore Scotland

    11 March 2024
    Cables, Fixed-Bottom, Grid Connection, Offshore Platforms, Project Updates, Wind Farm Update

    France-headquartered Nexans has completed the offshore export cable pull-ins for both offshore substation platforms at the 882 MW Moray West wind farm, located in the Moray Firth in the northeast of Scotland. The cable-laying vessel Nexans Aurora took advantage of a recent period of favorable weather to carry out the task, according to Ocean Winds’ […]

  • US Greenlights First Offshore Wind Project to Connect to New York’s Grid

    14 March 2024
    Authorities, Fixed-Bottom, Grid Connection, Onshore Infrastructure, Planning & Permitting, Project Updates, Wind Farm Update

    Equinor has been granted authorisation from the US Federal Energy Regulatory Commission (FERC) to link the Empire Wind 1 offshore wind project directly into New York’s transmission system. Approved on 1 March, the Large Generator Interconnection Agreement (LGIA) executed between Equinor’s Empire Wind 1 project, New York ISO (NYISO), and Consolidated Edison Company of New […]

  • Axess to Deliver Cable Pull-In System for US Offshore Wind Project

    9 April 2024
    Equipment, Grid Connection, Offshore Platforms, Supply Chain

    Axess Technologies has signed a contract for the supply of an export cable pull-in system that will be mounted on the offshore substation at the Empire Wind 1 offshore wind farm in the US. The offshore substation will be delivered by the Singapore-based company Seatrium. Under the contract with Seatrium, a wholly-owned subsidiary of Sembcorp Marine […]

  • US State Begins Offshore Wind Procurement Process

    26 April 2024
    Authorities, Planning & Permitting

    Janet Mills, the Governor of the US State of Maine, announced on 24 April that the State has begun its process to procure up to 3 GW of offshore wind by 2040, with the Governor’s Energy Office (GEO) releasing a Request for Information (RFI) seeking public input to inform the State’s first commercial offshore wind […]

  • Iberdrola Gets Final Federal Go-Ahead to Build New Offshore Wind Farms in Waters Off Massachusetts

    2 July 2024
    Authorities, Fixed-Bottom, Planning & Permitting, Project Updates, Wind Farm Update

    Avangrid, a US renewable energy company majority-owned by Spanish Iberdrola, has received the authorisation to build and operate its New England Wind offshore wind farms from the Bureau of Ocean Energy Management (BOEM). This is the final approval needed from BOEM for the two projects offshore Massachusetts totalling 2.6 GW, following the federal agency’s Record […]

  • India Earmarks Over EUR 830 Million for Offshore Wind Projects

    20 June 2024
    Authorities, Business & Finance, Business development, Planning & Permitting, Research & Development

    India’s Union Cabinet has approved the viability gap funding (VGF) scheme for offshore wind energy projects totalling Rs. 7453 crores (approximately EUR 833 million). This includes about EUR 765 million for the installation and commissioning of 1 GW of offshore wind projects – 500 MW each off the coast of Gujarat and Tamil Nadu – […]

  • OWGP Launches GBP 1 Million Offshore Wind Innovation Grant for UK Companies

    1 May 2024
    Business & Finance, Business development, R&D, Research & Development, Supply Chain, Technology

    The Offshore Wind Growth Partnership (OWGP) has launched a GBP 1 million Innovation Grant funding competition aimed at boosting the local offshore wind supply chain. Innovation Grants between GBP 25,000 and GBP 200,000 are available for projects that focus on future cables, electrical systems, next-generation installation, and operations and maintenance technologies. The scope of the […]

  • Equinor Re-Bids Empire Wind 1 in New York; Rules Allow for Projects with Existing ORECs to Participate

    30 January 2024
    Authorities, Business & Finance, Fixed-Bottom, Planning & Permitting, Project Updates, Wind Farm Update

    Equinor is bidding in the expedited offshore wind solicitation in New York with Empire Wind 1, the 810 MW project that already secured an Offshore Renewable Energy Credit (OREC) contract in 2019, as the rules of New York’s procurement provide for projects with existing ORECs to bid into the solicitation. The company first revealed its […]

  • Empire Wind 1 Cleared to Start Construction

    23 February 2024
    Authorities, Fixed-Bottom, Planning & Permitting, Project Updates, Wind Farm Update

    The US Bureau of Ocean Energy Management (BOEM) has approved the Construction and Operations Plan (COP) for Equinor’s Empire Wind offshore wind project in New York, the US. With this approval secured, the developer is planning to start the construction of Empire Wind 1 later this year. The approved plan includes the construction and operation […]

  • BOEM Clears BP to Test Suction Bucket Foundations at Beacon Wind Project Site

    7 May 2024
    Authorities, Fixed-Bottom, Foundations, Planning & Permitting, Project Updates, Wind Farm Update

    The US Bureau of Ocean Energy Management (BOEM) has approved the testing of suction bucket jacket foundations at the Beacon Wind offshore wind lease area, owned by BP, which filed an application to perform the tests last year together with its then-joint venture partner Equinor. In March 2023, the Beacon Wind joint venture submitted a […]

  • US Approves Two Offshore Wind Farms in One Day; 2.8 GW of Projects Off New Jersey Get Green Light

    2 July 2024
    Authorities, Fixed-Bottom, Planning & Permitting, Project Updates, Wind Farm Update

    The US Department of the Interior (DOI) and the Bureau of Ocean Energy Management (BOEM) have approved the 2.8 GW Atlantic Shores Offshore Wind South Project in the federal waters off New Jersey, developed by a joint venture between Shell and EDF Renewables. BOEM issued a Record of Decision (ROD) for the proposed development, comprising […]