Energy

James Fisher and Sons plc (James Fisher) confirms it has secured a multi-million-pound contract at Triton Knoll offshore transmission (OFTO) project located in Lincolnshire, with the offshore platform 20 miles off the coast in the North Sea. James Fisher Renewables will provide complete end-to-end operations and maintenance (O&M) services to support informed decision-making for the OFTO, owned by funds managed by Equitix and TEPCO Power Grid UK.

Gazelle Wind Power (Gazelle), the developer of a next-generation floating offshore wind platform, and Tugdock, developers of the world’s first road-transportable floating dry dock known as the Tugdock Submersible Platform, have signed a Memorandum of Understanding to co-develop a modular offshore wind assembly system, that is expected to dramatically drive down costs and increase production of floating offshore wind farms.

The Bureau of Ocean Energy Management (BOEM) has announced it will conduct a regional environmental review of potential development activities on the five offshore wind lease areas off California’s central and north coasts.

The Dutch government enterprise agency, RVO, has designated the IJmuiden Ver Wind Zone (IJVWFZ) as an area for offshore wind development.

RWE, a leading offshore wind company globally, and Greater New Orleans, Inc. (GNO, Inc.)have released the findings of a one year collaboration to accelerate the engagement of Louisiana’s offshore wind supply chain.

Oceantic Network, a leading organization working to advance offshore wind and other ocean renewable industries and their supply chains, announces the opening of the Offshore Wind Experience Hub. Based in Maryland and funded by a grant from the Maryland Energy Administration (MEA), the Hub is designed to raise public awareness of and provide education about offshore wind renewable energy.

Offshore Wind's Economic Doldrums

Today's key economic doldrums plaguing offshore wind projects are higher interest rates, cost inflation, and supply chain issues. Developers make multiyear cost assumptions when bidding for projects, given the often decade-long lead times associated with planning and development, obtaining approvals, and completing construction, before an offshore wind project becomes operational and starts generating cash returns.

Bureau Veritas (BV), a world leader in testing, inspection and certification, has granted an Approval in Principle to Greek company, ERMA FIRST, for its BLUE CONNECT system, a high voltage alternative maritime power solution that can be housed in a 40ft container.

Crowley and Carbon Ridge Inc, a leading developer of modular onboard carbon capture and storage solutions (OCCS), with support from the U.S. Maritime Administration (MARAD) Maritime Environmental and Technical Assistance (META) program, have initiated an advanced, pilot project to reduce emissions impacts using Crowley’s Storm international container ship.

As anticipated in the preferred supplier agreement announced on April 13th, 2023, Havfram and RWE have signed a contract for the transportation and installation of turbines for RWE’s Nordseecluster projects.

International green energy company Ignitis Renewables and Copenhagen Infrastructure Partners (CIP) through its Growth Markets Fund II are the winners of the auction-based competitive tender for development of an offshore wind farm in the Liivi 2 sea area in Estonia, having placed the highest bid in the amount of EUR 1.7 million.

Ørsted and Jan De Nul Group announce the installation of the first foundation for the Borkum Riffgrund 3 offshore wind farm (913 MW) off the German Coast. Borkum Riffgrund 3 will be the largest wind farm in German waters to date.