Energy

Rutter Inc. and Ørsted announced a partnership aimed at improving the safe transfer of personnel to offshore wind turbines using Rutter’s Wave prediction technology.

The Business Network for Offshore Wind, a leading national organization working to accelerate offshore wind energy deployment and build a robust domestic supply chain, has released a new report, Building a National Network of Offshore Wind Ports: A $36B Plan for Domestic Clean Energy Infrastructure, which highlights the urgent need for private and public investment in US offshore wind port development and outlines potential solutions for unlocking the needed capital to build the US industry.

Northland Power Inc. along with its partner, Orlen S.A., announced that its Baltic Power offshore wind project (“Baltic Power” or the “project”) in Poland has signed a credit agreement to secure an equivalent of $5.2 billion of non-recourse green financing that adheres to Northland’s green financing framework covering construction and a 20-year term.

Lerwick Port Authority has entered its first collaboration agreement aimed at providing support for the development and operation of a major floating offshore wind farm with ESB, the Irish energy company.

Equinor has, on behalf of the BM-C-33 consortium, submitted to Agência Nacional de Petróleo, Gás Natural e Biocombustíveis (ANP), the Declarations of Commerciality and Plans of Development for two fields in the BM-C-33 concession in Brazil’s Campos Basin.

The Business Network for Offshore Wind, a leading national organization working to accelerate offshore wind energy deployment and build a robust domestic supply chain, supports Thursday’s announcement of a new Memorandum of Understanding (MoU) between nine Northeast states and the Departments of Energy, Interior, Commerce, and Transportation.

FibreMax from the Netherlands announced a new collaboration with PelaStar, Yale Cordage and Avient Dyneema focusing on enhancing local content development and driving economic growth in Maine's floating wind sector.

Carbonvert Inc. and Castex Energy, Inc., through its wholly owned subsidiary, Castex Carbon Solutions, LLC. have executed an operating agreement with the State of Louisiana to develop a 24,000-acre tract of land situated in State waters, offshore Cameron Parish, to permanently store carbon dioxide (“CO2”). Castex’s decades-long operational, commercial and subsurface experience, combined with Carbonvert’s specialized expertise in carbon capture and storage (“CCS”), position the Cameron Parish CO2 Hub as a leading choice for regional emitters seeking efficient and sustainable decarbonization solutions.

Swedish wave energy developer CorPower Ocean has signed a Memorandum of Understanding with America’s largest blue economy research and development center AltaSea at the Port of Los Angeles in preparation for its US expansion.

Deep Wind Offshore brings in a new investor, Octopus, to accelerate international expansion and strengthen Norwegian projects. This investment by Octopus will be funded purely by UK pension capital. The announcement is part of Octopus' plan to invest $20 billion in offshore wind investments over the course of this decade.

BW Offshore closed the transaction for the sale of the Abo FPSO to STAC Marine Offshore Limited, a member of the Nigerian Transport Group (STAC) for $20 million.

Ørsted has awarded Riggs Distler the contract for secondary steel components for its Ocean Wind 1 Project 15 miles off the coast of southern New Jersey. The project will begin delivering 1,100 MW of clean, renewable energy in 2025, which is enough to power 500,000 homes and businesses.