Pan-European renewable energy developer Galileo and Hope Group have formed a joint venture (JV) to develop a 1,100 MW floating offshore wind project in Italy’s Adriatic Sea. The Barium Bay floating wind farm, which is the name of the project and the JV, will be located over 40 kilometres from shore
Fugro has reported a revenue of EUR 1.76 billion for the whole year of 2022, representing a 14.8 per cent growth in comparison to 2021, said to be due to a 42 per cent increase in offshore wind. Infrastructure and oil & gas were also up, with 7 per cent and 9 per cent respectively. […]
Australia has opened a consultation on a new offshore wind zone in the Pacific Ocean off the Hunter, New South Wales. The development area is situated within the recently declared Hunter-Central Coast Renewable Energy Zone (REZ). The Hunter-Central Coast REZ has reportedly attracted a significant re
Floating offshore wind could reach full commercialisation by 2035, said 60 per cent of respondents in the latest research that was done by DNV, with 25 per cent believing it will be as early as 2030. According to DNV, reaching these targets is ambitious, but early signs are promising, with 60 per ce
Multinational technology company Amazon is funding the world’s first commercial-scale seaweed farm located between offshore wind turbines. The North Sea Farm 1 will be located in a wind farm off the coast of the Netherlands, designed to test and improve methods of seaweed farming, while researching
BP and Deep Wind Offshore have formed a joint venture to develop offshore wind opportunities in South Korea. As part of their agreement, bp has acquired a 55 per cent stake in Deep Wind Offshore’s early-stage offshore wind portfolio, which includes four projects across the Korean peninsula with a po
Danish fund management company, Copenhagen Infrastructure Partners (CIP), said it plans to invest EUR 8 billion in a multi-gigawatt offshore wind project in Portugal. A spokesperson for CIP confirmed to offshore WIND that the multi-billion investment is related to the project named Nortada. The Nort
A delegation of fifteen Scottish companies met in Rennes, France, with companies from the Brittany offshore wind and marine energy sector to discuss the development of partnerships around floating wind turbines. Scotland and Brittany are two players at the forefront of floating wind development in E
