While oil and gas majors are increasingly entering new offshore wind and green hydrogen projects, it is but a small portion of the overall pie, to quote David Linden from Westwood Global Energy Group. As a reaction to the energy transition, the oil and gas majors are diversifying and now have more o
The Zhong Neng offshore wind project, a joint venture between Copenhagen Infrastructure Partners (CIP) and China Steel Corporation (CSC), has signed a project financing agreement with 20 banks and is expected to reach financial close shortly, CIP said. The 298 MW project is located next to CIP’s Cha
A confidential owner of oil and gas platforms in the North Adriatic Concession area has contracted renewable energy consultancy Megajoule to install multiple wind Lidars at gas platforms as part of the company’s Low Carbon Development Strategy. Lidar ZX 300M will be deployed to begin taking measurem
Norway’s Bounheur ASA has established a new company, Fred. Olsen 1848, dedicated to developing and commercialising new technologies related to renewable energy such as floating offshore wind and floating solar. Fred. Olsen 1848 will focus on the development and commercialization of existing, but als
The government of Australia’s state of Victoria is providing a funding boost of AUD 40 million (around EUR 25.7 million) divided between three offshore wind projects aimed at driving jobs and bringing forward the next wave of renewable energy opportunities. As part of the Energy Innovation Fund, the
Vattenfall has awarded Asso.subsea with a contract for the transportation, installation, protection and commissioning of the 66 kV export and inter-array cables for the Vesterhav Nord and Syd offshore wind projects in Denmark.
Star of the South, Australia’s first offshore wind project, has entered a AUD 43.1 million (around EUR 27.7 million) partnership with the Victorian government to progress key development activities and kick-start a local offshore wind industry. This partnership will see the Star of the South invest
Danish wind turbine manufacturer Vestas has been impacted by a cyber security incident. The incident occurred on Friday, 19 November. As a response, IT systems were shut down across multiple business units and locations to contain the issue, the company said. Vestas has since, together with external
The transmission assets of the Rampion offshore wind farm in the UK have been sold to Transmission Capital Partners (TCP), a consortium comprising International Public Partnerships Limited, Amber Infrastructure Group, and Transmission Investment. The assets now owned by TCP comprise Rampion’s offsho
PGE Polska Grupa Energetyczna has signed conditional agreements with Tauron Polska Energia and Enea for the sale of shares in four project companies whose task will be to obtain location permits for the construction of offshore farms in the Polish Exclusive Economic Zone in the Baltic Sea. ”Offshore
Shell has signed an agreement with the Irish blue economy developer Simply Blue Group to acquire a 51 per cent share of their Western Star venture which seeks to develop a floating wind farm off the Clare coast in Ireland. This follows a similar agreement between Shell and Simply Blue Group earlier
Offshore geotechnical engineering and drilling company Geoquip Marine has issued its response to allegations made by the American Offshore Marine Service Association (OMSA) that the company’s integrated geotechnical survey vessel (IGSV) Geoquip Saentis is working in contravention of the Jones Act.
Following news on 16 November that Neptune Energy Saipem, Ramboll, and Heerema Marine Contractors had joined the AquaVentus project, reported by OffshoreWIND.biz, Neptune Energy clarified that the new members are joining the membership network of the AquaVentus initiative and not the project itself.
Equinor and its partner Korea East-West Power (EWP) have signed a Memorandum of Understanding (MoU) to cooperate on 3 GW of offshore wind projects in South Korea. Equinor said it would use its new floating wind technology, Wind Semi, for its projects in South Korea as it had been developed specifica
