A new report from the North Seas Energy Cooperation (NSEC) calls for “immediate action” on developing new port infrastructure and upgrading existing port facilities as the study behind the report found the joint offshore wind target of the nine NSEC countries for 2030 is unlikely to be met otherwise
The government of the United Kingdom has increased the maximum strike price for offshore wind projects in the next Contracts for Difference (CfD) auction by 66 per cent for fixed-bottom and by 52 per cent for floating wind projects. The maximum strike price for fixed bottom offshore wind projects ha
Fifty entities, including individual companies and consortia, from more than ten countries have submitted their expressions of interest to develop offshore wind projects in Portugal as the country prepares for its first auction. The number of interested parties reflects the high interest and attract
Buchan Offshore Wind, a consortium comprising BayWa r.e., Elicio, and BW Ideol, has completed offshore site investigations for the 1 GW floating wind farm in Scotland. Ocean Infinity, who commenced the surveying process for Buchan Offshore Wind in April this year, used the Normand Superior vessel to
Ørsted’s Chief Financial Officer (CFO) and Chief Operating Officer (COO) are leaving the company, and with immediate effect, as a result of “a challenging and volatile business environment” in the industry, according to the offshore wind major. Ørsted is already head-hunting for the new CFO and COO.
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
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
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
Shanghai Electric Wind Power Group has unveiled that the world’s first offshore renewable energy project, which combines floating wind power and deep-sea aquaculture, has been completed in China. The project is developed by Longyuan Power Group, with Shanghai Electric Wind Power Group, a subsidiary
A geotechnical survey campaign has been completed at the Ossian floating offshore wind farm site in Scotland. Set to be located across 858 square kilometres of seabed off the east coast of Scotland, the project is a joint venture between SSE Renewables, Marubeni, and Copenhagen Infrastructure Partne
Corio Generation and Greek technology company Globalsat have signed a memorandum of understanding (MOU) to explore opportunities for offshore wind development in Greece. According to Corio, the partnership combines its expertise in auction preparation and project development with Globalsat’s deep kn
Vårgrønn, a joint venture between Plenitude (Eni) and HitecVision, and Flotation Energy have signed exclusivity agreements for two floating offshore wind developments under Crown Estate Scotland’s Innovation and Targeted Oil and Gas (INTOG) leasing round. Once completed, the Green Volt and Cenos flo
The Portuguese government launched the initial stage of the offshore wind competitive procedure on 31 October by issuing a call for expressions of interest (EoIs) that will stay open until 14 November. An expression of interest is not binding and does not constitute a precondition for proceeding wit
The Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA) has announced the draft National Development Programme for Offshore Wind Farms at an event held in Athens, Greece, on October 31. The draft plan includes 25 areas, covering a total area of 2,712 square kilometers, with an est
