438 results found for 'ocean wind 2'

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 Following consultation with the State of Maryland, Ørsted has withdrawn from the Maryland Public Service Commission Orders approving the Skipjack 1 and 2 offshore wind projects.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

  • New Jersey Accelerates Timeline for Fifth Offshore Wind Solicitation

    29 May 2024
    Authorities, Planning & Permitting

    The New Jersey Board of Public Utilities (NJBPU) is advancing the state’s fifth offshore wind solicitation, commencing the round more than a year ahead of its original timeline. The state’s Board of Public Utilities announced on 28 May that it is moving up the next solicitation for additional offshore wind projects from the third quarter […]

  • 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 […]

  • 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 […]

  • 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 […]

  • Ocean Winds Closes Moray East Minority Stake Deal

    10 May 2024
    Business & Finance, Fixed-Bottom, Project Updates, Wind Farm Update

    EDP Renováveis, S.A. has revealed that Ocean Winds, its joint venture with Engie, has completed the sale of a 16.6 per cent stake in the 950 MW Moray East offshore wind farm to funds managed by Equitix Infrastructure Investment Management (Equitix). With this transaction, Moray East implies an estimated EV/MW multiple of GBP 3.7 million […]

  • 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 […]

  • 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, […]

  • US Issues Clean Air Permit for 2.1 GW Empire Wind

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

    The US Environmental Protection Agency (EPA) has issued a Clean Air Act permit to Empire Offshore Wind, owned by Equinor. The air quality analysis, conducted by EPA, showed that the impacts on air quality from the construction and operation of the offshore wind project will not cause or contribute to a violation of federal air […]

  • 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 […]

  • US NREL: Offshore Wind Turbines Offer Path for Clean Hydrogen Production

    12 July 2024
    Market Outlooks, Outlook & Strategy, Research & Development, Technology, Wind Turbines

    Researchers at the U.S. National Renewable Energy Laboratory (NREL) have found that using electricity generated by offshore wind turbines to split water to produce clean hydrogen may make economic sense.

  • Orion Installs Its First XXL Monopile at Moray West Wind Farm Offshore Scotland

    20 February 2024
    Fixed-Bottom, Project Updates, Vessels, Wind Farm Update

    DEME’s vessel Orion has installed its first XXL monopile foundation at the 882 MW Moray West offshore wind farm in Scotland. The company’s jack-up vessel Apollo is also joining the offshore work, taking care of installing the transition pieces at the construction site. Orion is performing monopile installation in addition to Bokalift 2, which kicked […]

  • Boskalis Wraps Up Its Part of Moray West Work, Orion and Apollo Continue Foundation Installation

    18 March 2024
    Fixed-Bottom, Project Updates, Supply Chain, Vessels, Wind Farm Update

    Boskalis has completed the work the company was contracted to perform on the Moray West offshore wind farm. While the Dutch offshore construction company has now wrapped up its part of the job, work on Ocean Winds’ 882 MW project offshore Scotland continues with the installation of foundations and inter-array cables underway. Boskalis says that […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • BP Considering Suction Bucket Foundations for US Offshore Wind Farm

    5 February 2024
    Fixed-Bottom, Foundations, Project Updates, Supply Chain, Wind Farm Update

    The Beacon Wind offshore wind project in the US could feature suction bucket jacket foundations as the developer – a joint venture between BP and Equinor which is in the process of moving towards BP taking full ownership of Beacon Wind – requested approval to perform suction bucket tests as part of the site investigation […]

  • 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 […]

  • Maryland Enters Offshore Wind MOU with US Federal Government

    10 June 2024
    Authorities, Fixed-Bottom, Planning & Permitting

    Bureau of Ocean Energy Management (BOEM), part of the US Department of the Interior (DOI), and the State of Maryland have signed a Memorandum of Understanding (MOU) to support the coordinated development of offshore wind in this US state. The MOU follows the announcement from December 2023, when the federal government and the Maryland state […]