Search results for: ocean wind 2

1057 results

A list of search results

  • Ørsted Cancels Two Wind Projects Offshore New Jersey, Clears Revolution Wind for Takeoff

    1 November 2023
    Business & Finance, Fixed-Bottom, Project Updates, Wind Farm Update

    Danish renewable energy developer Ørsted has decided to cease the development of the Ocean Wind 1 and Ocean Wind 2 offshore wind projects in New Jersey. In addition, the company, together with Eversource, has taken a final investment decision (FID) on the 704 MW Revolution Wind, Rhode Island and Connecticut’s first utility-scale offshore wind farm. […]

  • 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 Following consultation with the State of Maryland, Ørsted has withdrawn from the Maryland Public Service Commission Orders approving the Skipjack 1 and 2 offshore wind projects. […]

  • Ørsted Takes EUR 4 Billion Impairment Hit

    1 November 2023
    Business & Finance

    Due to adverse impacts relating to supply chain delays, increased interest rates, and the lack of an Offshore Wind Renewable Energy Credit (OREC) on Sunrise Wind, Ørsted has recognised impairment losses of DKK 28.4 billion (about EUR 3.8 billion) in the first nine months of 2023. The majority of impairment losses, DKK 19.9 billion, relate […]

  • 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 […]

  • Ørsted Pulls Out of Norwegian Offshore Wind Partnership

    14 November 2023
    Business & Finance

    Denmark’s Ørsted has decided to pull out of a Norwegian offshore wind partnership with Fred. Olsen Seawind and Hafslund. “Ørsted have informed us that due to a prioritisation of investments in the portfolio they will withdraw from pursuing participation in offshore wind developments in Norway, and therefore their participation in the partnership will discontinue,” said […]

  • Siemens Gamesa Halts Plans for USD 200 Million Offshore Wind Turbine Blade Factory in US

    13 November 2023
    Business & Finance

    Siemens Gamesa has discontinued its plans to build and operate an offshore wind turbine blade manufacturing plant in Virginia, US. The company’s USD 200 million (about EUR 187 million) manufacturing plant was planned to be built at the Port of Virginia’s Portsmouth Marine Terminal. It was intended to support major US offshore wind projects, including […]

  • Plans Submitted to Link 6 GW of Offshore Wind Farms to New Jersey Grid

    5 April 2024
    Business development, Grid Connection, Onshore Infrastructure, Research & Development

    National Grid Ventures (NGV) and Con Edison Transmission have submitted plans for building a transmission infrastructure that will connect offshore wind power to the New Jersey electricity grid. The project, named the Garden State Energy Path, proposes laying underground cables that will enable the delivery of approximately 6 GW of offshore wind power from its […]

  • 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 […]

  • New Jersey Kicks Off Work on Second Offshore Wind Transmission Tender

    6 February 2024
    Authorities, Contracts & Tenders, Fixed-Bottom, Grid Connection, Planning & Permitting, Supply Chain

    The US regional transmission company PJM Interconnection and the New Jersey Board of Public Utilities (NJBPU) have signed an agreement that opens the path towards New Jersey’s second offshore wind transmission tender. The agreement was filed with the Federal Energy Regulatory Commission (FERC) on 2 February. PJM and NJBPU’s new collaboration is the next phase of […]

  • Ørsted’s US, Taiwan Offshore Wind Projects Hit by Vessel Shortages; Sunrise Wind Still Not Out of the Woods

    6 November 2023
    Business & Finance, Contracts & Tenders, Fixed-Bottom, Planning & Permitting, Project Updates, Supply Chain, Vessels, Wind Farm Update, Wind Turbines

    Several days ago, Ørsted called it quits on the Ocean Wind 1 offshore wind farm in the US, with some of the main issues leading to the decision to abandon the project being supply chain bottlenecks, primarily vessel shortages. This has affected not only the now-dropped Ocean Wind 1 but also the company’s Revolution Wind […]

  • 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 […]

  • Australia Declares Third Offshore Wind Zone, Initial Area Size Reduced

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

    The Australian federal government has declared an area in the Southern Ocean off western Victoria as the country’s third offshore wind development zone, though with a considerable reduction in both size and power generation capacity. The final area is located at least 15-20 kilometres from Victoria’s coast and covers 1,030 square kilometres, one-fifth of the […]

  • BOEM Identifies Four New Wind Areas in Gulf of Mexico, Plans Another Lease Sale

    30 October 2023
    Authorities, Business development, Planning & Permitting, Research & Development

    The US Bureau of Ocean Energy Management (BOEM) has finalised four new wind energy areas (WEAS) in the Gulf of Mexico that could support offshore wind projects with the potential to produce enough renewable energy to power more than three million homes. The four WEAs include Option J, 495,567 acres located approximately 47.2 miles off […]

  • 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 […]

  • BOEM Designates Oregon Areas for 2.4 GW of Offshore Wind

    14 February 2024
    Authorities, Business development, Planning & Permitting, Research & Development

    The US Bureau Of Ocean Energy Management (BOEM) has designated two final wind energy areas (WEAs) offshore Oregon which could accommodate 2.4 GW of offshore wind capacity. The two areas total approximately 195,012 acres and they avoid 98 per cent of the areas recommended for exclusion due to their importance as commercial fishing grounds, BOEM […]

  • CIP, Ignitis Secure 1.4 GW Offshore Wind Site in Estonia with EUR 1.7 Million Bid

    13 December 2023
    Authorities, Business & Finance, Contracts & Tenders, Fixed-Bottom, Planning & Permitting, Project Updates, Wind Farm Update

    Ignitis Renewables, a subsidiary of the Lithuanian Ignitis Group, and Copenhagen Infrastructure Partners (CIP) have secured the first of the two sites the Estonian government is auctioning off for offshore wind development by placing a EUR 1.7 million bid. The tender for the Liivi 2 area took place electronically from 7 December to 13 December […]

  • Boskalis Installs First Moray West Offshore Substation Platform

    19 December 2023
    Fixed-Bottom, Grid Connection, Offshore Platforms, Project Updates, Wind Farm Update

    Boskalis’ DP installation vessel Bokalift 1 has installed the first offshore substation platform (OSP) at the Moray West offshore wind farm site in Scotland. The heavy lift operations in the Port of Nigg and on-site were completed safely and successfully, according to the developer Ocean Winds. As offshore commissioning starts, the previously laid export cable […]

  • Equinor Names California Floating Offshore Wind Project

    1 December 2023
    Floating Wind, Project Updates, Wind Farm Update

    Atlas Wind is the official name of the floating offshore wind project that Equinor plans to build off the coast of California, the developer announced on 29 November. “Atlas is a symbol of strength and fortitude, and most importantly perseverance, as we bring tested, world-class technology to California’s Central Coast,” said Molly Morris, President of […]

  • US Government Kicks Off Central Atlantic Offshore Wind Lease Sale Process, Four Developers Already Pre-Qualified

    11 December 2023
    Authorities, Contracts & Tenders, Fixed-Bottom, Planning & Permitting

    The US Department of the Interior (DOI) and the Bureau of Ocean Energy Management (BOEM) today published a proposed sale notice (PSN) for an offshore wind lease sale in the Central Atlantic for one area offshore Delaware and Maryland, and one area offshore Virginia.  BOEM says that the two lease areas have the potential to […]

  • Equinor and BP’s Empire Wind Offshore Project Gets Federal Approval

    22 November 2023
    Authorities, Planning & Permitting, Project Updates, Wind Farm Update

    The US Department of Interior (DOI) has approved Equinor and BP’s Empire Wind, the sixth commercial-scale offshore wind farm to receive federal approval. Empire Wind US LLC, a joint venture between Equinor and BP, plans to develop two offshore wind farms known as Empire Wind 1 and Empire Wind 2. Located approximately 12 nautical miles […]

  • Keel Laid for Cadeler’s 20 MW Wind Turbine Installation Vessel

    6 March 2024
    Vessels

    A keel-laying ceremony has been held for Cadeler’s wind turbine installation vessel (WTIV), Wind Maker, at Hanwha Ocean, formerly known as Daewoo Shipbuilding and Marine Engineering, in South Korea. Eneti, which merged with Cadeler last year, placed an order with Hanwha Ocean for two Gusto MSC NG16000X jack-up vessels in 2021. Wind Maker, formerly known […]

  • Chinese Fabricator Delivers Final Batch of Moray West XXL Monopiles

    23 November 2023
    Foundations, Project Updates, Supply Chain, Wind Farm Update

    China’s Dajin Heavy Industry has delivered the final batch of eight XXL monopiles for the 882 MW Moray West offshore wind farm in Scotland. In June 2022, Dajin Heavy Industry was contracted by the wind farm’s developer, Ocean Winds, to supply 48 XXL monopiles for the project. The units weigh about 2,000 tonnes and have […]

  • US Company Boosts Survey Capabilities on West Coast

    6 February 2024
    Business & Finance, Business development, Research & Development

    The international marine environmental consulting and survey company, CSA Ocean Sciences, has been granted a non-exclusive General Offshore Geophysical Survey permit which allows the firm to conduct low-energy marine surveys within a three-mile zone from the mean high tide line along California’s coast. The permit, granted by the California State Lands Commission (CSLC), allows CSA […]

  • Following Retrofit, 2000-Built Vessel Arrives in US to Perform Offshore Wind Work

    8 March 2024
    Business & Finance, Vessels

    Following a retrofit campaign, TDI-Brooks’ new research vessel has arrived on the US East Coast where it will perform offshore wind work. The RV Nautilus, formerly known as Nautical Geo, reached the shores of the East Coast on 3 March after undergoing a six-month retrofit in Las Palmas. The 75-metre-long, 2000-built DP2 vessel will provide support […]

  • BOEM Starting Environmental Review of 2.6 GW Wind Project Offshore Massachusetts

    25 March 2024
    Authorities, Business development, Fixed-Bottom, Planning & Permitting, Project Updates, Research & Development, Wind Farm Update

    The US Bureau of Ocean Energy Management (BOEM) has issued a Notice of Intent (NOI) to prepare an Environmental Impact Assessment (EIS) for the Construction and Operations Plan (COP) for Vineyard Northeast’s proposed offshore wind project, located offshore Nantucket, Massachusetts. The publication of the NOI in the Federal Register opened a 45-day public comment period […]