Floating assets have long been installed, operated and maintained to support oil and gas (O&G) production. The emerging floating wind sector has specific challenges to overcome, but also opportunities to build strategies informed by O&G experience. Opportunities and challengesThe global offshore flo
Octopus Energy’s generation arm has made its first offshore wind investment in Germany with the acquisition of a 5 per cent stake in the 288 MW Butendiek offshore wind farm from Ewz, the Zurich Municipal Electric Utility. Located 32 kilometres west of Sylt Island in the North Sea, the Butendiek offs
Belgian transmission system operator (TSO) Elia has developed seven measures to boost biodiversity around Princess Elisabeth Island, the world’s first artificial energy island. The artificial Princess Elisabeth Island will be an energy hub 45 kilometres off the Belgian coast connecting new wind farm
The 170 MW Vesterhav Syd offshore wind farm, developed by Vattenfall in Denmark, has delivered its first green power. The installation of 20 8.4 Siemens Gamesa wind turbines took place from July to September this year, and Vattenfall’s initial plan was to connect the turbines to the grid immediately
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 t
Deep Wind Offshore has joined forces with the hydrogen company Hy2gen to produce green hydrogen from offshore wind. “The combination of offshore wind and hydrogen has got massive potential. It is not possible to achieve net zero without green energy carriers, who will need a massive amount of renewa
Vestas has been confirmed as the preferred wind turbine supplier for BadaEnergy’s Ulsan Gray Whale 3 floating offshore wind farm in South Korea. The announcement was made in March this year, but at that time, the company left the project and its client unnamed. As per the agreement, Vestas will prov
The Crown Estate has revealed that it is taking steps to enable the generation of up to an additional 4 GW of electricity from several offshore wind projects in development, within the timeframe of the 50 GW 2030 target. This follows requests from the developers of seven offshore wind farm projects
ABP plans to invest around GBP 500 million (approximately EUR 573 million) to upgrade a site in Port Talbot and turn it into a major floating offshore wind hub. The investment is part of a sustainability strategy ABP launched in February, which sets out the port operator’s plans to achieve net zero
UK Export Finance (UKEF), the UK Government’s export credit agency, has guaranteed GBP 380 million (approximately EUR 436 million) in financing for the 1 GW Hai Long offshore wind project in Taiwan. The contribution is said to support a project finance package of over GBP 3 billion issued by more th
Baltimore County Offshore Wind Manufacturing Hub will receive approximately USD 47 million from the Port Infrastructure Program of the US Department of Transportation Maritime Administration to further develop its hub at Tradepoint Atlantic. The announcement was made on 7 November by the US Congress
Preparatory survey work on four new floating offshore wind farms has been completed in the North Sea. Geophysical survey work was completed on BlueFloatEnergy and Renantis Partnership’s ScotWind projects, namely the 900 MW Broadshore project, located 50 kilometres north of Fraserburgh, and the 1.2 G
Associated British Ports (ABP) and Taiwan International Ports Corporation (TIPC) have signed a memorandum of understanding (MOU) on cooperation in floating offshore wind. Under the MOU, ABP and TIPC will share information and experience on floating wind-related port facilities and explore future bus
The first US-built and Jones Act-compliant offshore wind turbine installation vessel (WTIV), Charybdis, will be completed in late 2024 or early 2025, Dominion Energy said in its financial report for the third quarter of 2023, confirming the information that surfaced after the company’s second quarte
