Energy

During the ‘Renewable energy: Innovate or accelerate?’ conference session during the Offshore Energy Exhibition & Conference 2023 (OEEC 2023), the speakers warned about focusing too much on innovation, noting that it could slow down the build-out (of offshore wind) – but also made the case for innovation in helping the industry accelerate on the path towards reaching the targets for 2030 and beyond.

Ørsted has been granted a 1.6 GW electricity business license (EBL) by the Ministry of Trade, Industry & Energy of Korea for an offshore wind project located 70 km off the coast of Incheon City.

Nova Innovation has won EU funding for a 4 MW tidal energy farm that will be home to the largest number of tidal turbines anywhere in the world. Nova will lead a pan-European consortium that will kick-start mass manufacturing of tidal turbines in the tidal industry at Nova’s headquarters in Edinburgh.

PEAK Wind’s Advanced Program’s first suite of in-house scientific tools and services focuses on technical and economical optimizations within the development and operations of onshore & offshore wind farms, enabling a data-backed approach to real-world decision-making.

The volume of CO2 being injected into the North Sea by 2050 will be equivalent to the natural gas currently being extracted from the basin, according to a new report from global energy consultancy Xodus.

Aquaterra Energy, a leader in global offshore energy engineering solutions, has secured a contract with INEOS, one of the world's largest chemical and oil and gas producers, and emergent Carbon Capture and Storage operator.

DORIS, Axens, AWT International, Sea-Quester Offshore and Surbana Jurong Infrastructure announce the formation of the CCS Hub Alliance, a partnership dedicated to delivering cost-effective and risk-reduced decarbonization solutions to hard-to-abate CO2 emitters.

Damen Shipyards has signed a contract with Ta San Shang Marine Co. Ltd. (TSSM), a joint venture between Mitsui O.S.K. Lines, Ltd. of Japan, and Ta Tong Marine Co., Ltd. of Taiwan, for the delivery of a Damen CSOV (Construction Service Operation Vessel) 9020.

Havfram has signed a Senior Secured Green ECA Term Loan Facility (the “Facility”) to fund its two Wind Turbine Installation Vessels (“WTIVs”), currently under construction at CIMC Raffles.

Aker Solutions has been awarded a sizeable^[1] contract from Vattenfall for the Norfolk Vanguard East Offshore Wind Farm off the coast of Norfolk, UK. The contract has a balanced risk-reward profile based on principles for long-term collaboration.

As a result of the order issued by the United States Court of Appeals for the Fifth Circuit on Nov. 14, 2023, the Bureau of Ocean Energy Management (BOEM) has scheduled Lease Sale 261 for Dec. 20, 2023.

Baltimore County, Maryland and Sparrows Point Steel, LLC (“Sparrows Point Steel”) won a major new federal grant of over $47 million to support plans to establish a major offshore wind logistics and manufacturing hub in Baltimore County. It is the fourth-largest award given this year through the U.S. Maritime Administration’s competitive Port Infrastructure Development Program.