The US Department of Energy (DOE) and the Department of the Interior (DOI) have unveiled plans to collaborate and jointly fund research to further support durable and environmentally responsible offshore wind and marine energy deployments in the United States. The agencies will launch the upcoming f
The number of New Jersey residents who support offshore wind fell by more than 20 per cent since 2019, from 76 per cent four years ago to just over half (54 per cent) now, and the number of those opposing offshore wind has climbed from 15 per cent to 40 per cent since 2019. This […]
The world’s leading offshore wind developer, Ørsted, could book impairments of DKK 16 billion (EUR 2.15 billion) on its US portfolio due to adverse impacts relating to the supply chain, lack of favorable progress in Investment Tax Credit (ITC) guidance, and increased interest rates. The Ocean Wind 1
Maersk Supply Service will shift its focus to fewer business areas and regions in an effort to increase its presence in core markets, increase synergies in its operations, and improve profitability. Going forward, the company’s two core business areas will be offshore wind and offshore support vesse
The following article is a guest post by Fred van Beers, CEO Sif Netherlands B.V., & Anne Vedel, SVP Product Solutions & Integration, Vestas. The looming climate crisis and an acute need for independence from Russian oil and gas have massively accelerated European appetite for offshore wind. Governm
The global offshore wind supply chain will require USD 27 billion of secured investment by 2026 if it is to meet a fivefold growth in annual installations (excluding China) by 2030, according to the global research and consultancy group Wood Mackenzie. The figure is based on Wood Mackenzie’s base ca
Philippine Department of Environment and Natural Resources (DENR) has started working with the country’s Department of Energy (DOE) on updating the offshore wind and floating solar guidelines so they would become components of next year’s National Expenditure Program (NEP). According to the environm
Semco Maritime is expecting the first floating offshore substation to happen by 2030, however, there are still some challenges to overcome before this becomes a reality, according to Jacob Øbo Sørensen, Senior Vice President for Renewables at the Danish company. Semco Maritime, together with ISC Con
The fast-paced development of the offshore wind industry is causing the emergence of new, unforeseen jobs to which ports cannot cater as there is a lack of people and a lack of port capacity, Jesper Bank, Chief Commercial Officer of Port Esbjerg, said during a presentation in Denmark. Although the n
The Offshore Renewable Energy (ORE) Catapult has joined forces with leading offshore wind developers and seabed mobility experts to provide clear guidance on seabed change and how it affects offshore wind and marine energy projects. ORE Catapult is leading a consortium of offshore renewables giants
The UK’s pipeline of offshore wind projects has reached 97,944 MW, up from 91,287 MW a year ago, while the global pipeline topped 1.23 TW, an increase of nearly 400 GW in the last year, according to RenewableUK’s latest EnergyPulse market intelligence data report. The pipeline includes projects at e
The world’s population is expected to reach 9.7 billion by 2050, and with it, global energy demand is projected to rise by as much as 50%. But as society continues to grapple with the challenges of climate change, governments across the globe are looking to offshore energy to help meet these increas
The American Clean Power Association (ACP) has released a report on the US offshore wind market, outlining a rapidly growing pipeline of projects across 32 leases totaling 51,377 MW of expected capacity which is enough to power the equivalent of more than 20 million homes. Altough the US currently l
The offshore wind sector must take action to address a rising tide of mechanical breakdown issues, component failures, and serial defects ensuing from the deployment of ever-larger offshore wind, according to GCube Insurance (GCube), an underwriter for renewable energy projects. GCube’s new report,
