Energy

The Environmental Impact Assessment (EIA) procedure has begun for Odra Energia, the floating offshore wind project that the partnership between Renantis and BlueFloat Energy plans to develop off the southern coast of the province of Lecce, Italy.

HydroWing is designed to be a cost-effective and scalable solution to tidal stream energy generation and was the largest tidal stream project in Wales to be successful in the UK government’s latest Contracts for Difference round, having been awarded a 10MW project at the Morlais tidal energy site in Anglesey.

FutureOn, a global energy software company, and Rystad Energy, a pioneer in energy cost estimation, have launched a collaborative digital tool which integrates up-to-date cost estimation with live project data for energy developments.

Equinor was awarded 39 new production licenses by the Ministry of Energy in this year's Awards in Predefined Areas (APA).

Talos Energy Inc. (NYSE: TALO) has announced the execution of definitive agreements to acquire QuarterNorth Energy Inc. ("QuarterNorth") for $1.29 billion (the "Transaction"). QuarterNorth is a privately-held U.S. Gulf of Mexico exploration and production company with ownership in several prolific offshore fields.

McDermott has been awarded an offshore contract from Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) for the Kasawari Carbon Capture and Storage (CCS) project, located offshore Sarawak in East Malaysia.

As we enter a New Year, the memories of the shocks to the foundations to the US offshore wind segment remain fresh. In short, supply chain inflation and capacity/availability, interest rate increases, and tax credit monetization have been the key themes highlighted by developers to explain why many projects became commercially unviable, as outlined in the most recent US Offshore Wind Report from business intelligence and consulting firm Intelatus Global Partners.

The latest stats from DNV’s Alternative Fuels Insight (AFI) platform found that a total of 298 ships with alternative fuel propulsion were ordered in 2023 – an 8% increase year on year.

HydroWing has kicked off the New Year by opening a new office in Wales, to support the development of their innovative tidal stream energy project at Morlais on Anglesey.

Floating Wind Solutions 2024 is proud to welcome EDF Renewables as a new Lead Developer Sponsor!

JERA Co., Inc. and Green Power Investment Corporation began operations at the Ishikari Bay New Port Offshore Wind Farm—the largest commercial wind farm in Japan and the first in Japan to adopt large 8,000 kW wind turbines—which they own through Green Power Ishikari GK, a special-purpose corporation (SPC).

In 2023, Bernhard Schulte Offshore ordered the design and construction of two such vessels from Ulstein, a contract which included options for two + two vessels. These options have been transferred to institutional investors advised by J.P. Morgan Asset Management, who declared the first two.