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Edp News

27 Mar 2024

New England Offshore Wind Auction Draws Multiple Bidders

© Fokke Baarssen / Adobe Stock

Several offshore wind developers bid in a combined Connecticut-Massachusetts-Rhode Island offshore wind solicitation on Wednesday, including units of European energy firms Iberdrola and Orsted.The U.S. offshore wind industry is booming so far this year, with several projects in various stages of development and construction, after a disastrous 2023 of developers cancelling contracts and taking roughly $9.1 billion in write-offs and impairments on U.S. projects.So far, Avangrid…

18 Mar 2024

Boskalis Wraps Up Moray West Offshore Wind Farm Ops

(Credit: Boskalis)

Dutch marine services firm Boskalis has completed its activities in support of the development of Ocean Winds’ 882 MW Moray West offshore wind farm in Scotland.As part of its multidisciplinary role in the project, Boskalis deployed six vessels to carry out large number of activities off the east coast of Scotland in the Moray Firth.First, Boskalis’ wholly-owned subsidiary Gardline carried out extensive geotechnical and geophysical survey works prior to the installation work.Then…

20 Feb 2024

DEME Installs First XXL Monopile for Moray West Offshore Wind Farm

(Credit: DEME)

Belgium-based offshore installation services company DEME has installed the first XXL monopile foundation at the 882 MW Moray West offshore wind farm in Scotland.DEME used its Orion offshore installation vessel to complete the task, which is part of its work scope that includes both the installation of monopiles and transition pieces.The company’s jack-up vessel Apollo is also joining the effort, taking care of installing the transition pieces.According to DEME, it is using vibro hammer technology, minimizing the environmental impact from vibrations.Apollo vessel previously demonstrated its ex

26 Jan 2024

New York Offshore Wind Power Auction Set for Big Turnout

© Photocreo Bednarek / Adobe Stock

Several offshore wind developers will likely bid in New York's fourth offshore wind solicitation by the Thursday deadline, including units of European energy firms Orsted, Equinor and BP.The development of the U.S. offshore wind industry took a major blow last year when companies working in several states said they could no longer complete projects profitably because of rocketing construction costs, higher interest rates and supply chain snags. The problems also hit the wind industry in other countries.The development of the industry is key to meeting both U.S. President Joe Biden and U.S.

18 Jan 2024

Three New England States Extend Offshore Wind Solicitation Due Date

© Fokke Baarssen / Adobe Stock

Massachusetts, Connecticut and Rhode Island extended on Thursday the date bids are due in the states' next offshore wind solicitations from Jan. 31 to March 27.Offshore wind is expected to play a critical role in U.S. President Joe Biden's and several states' plans to decarbonize the power grid and combat climate change.But offshore wind industry had a tough time in 2023 with some developers cancelling contracts to sell power in several states because their proposed projects were no longer economic due to soaring inflation…

31 Oct 2023

US Offshore Wind Writedowns Seen Soaring with Orsted Earnings

© Cavan / Adobe Stock

European energy companies, including Denmark's Orsted, will likely write down more of their U.S. offshore wind investments this week after BP and Equinor booked $840 million in impairments in recent days.Orsted, the world's largest offshore wind developer, said in August it may see impairments of 16 billion Danish crowns ($2.3 billion) on its U.S. offshore developments due to supply chain problems, soaring interest rates and a lack of new tax credits.Orsted, which was not immediately available for comment…

18 Oct 2023

PivotBuoy Offshore Wind Demonstration Yields Positive Results

Source: X1 Wind

The PivotBuoy Project, developed by X1 Wind, finalized its offshore demonstration with partners reporting excellent results.The PivotBuoy Consortium partners are X1 Wind, ESM, WavEC, PLOCAN, INTECSEA, EDP, DTU, DNV GL, and DEGIMA. The project aimed to demonstrate the PivotBuoy mooring system configuration which combines the advantages of a single point mooring with a small tension-leg platform (TLP) mooring system, allowing the platform to reach deeper waters and minimizing the…

04 Oct 2023

New England States Buy Offshore Wind Power as US Industry Struggles

© Cavan / Adobe Stock

Three U.S. states in New England - Massachusetts, Rhode Island and Connecticut - on Wednesday agreed to jointly procure offshore wind power as soaring interest rates and rising equipment and labor costs have made some projects uneconomic.By joining forces, the states hope to counter the pain rippling across the nascent U.S. offshore wind industry, which is expected to play a key part in decarbonizing the power sector and revitalizing domestic manufacturing.Earlier this week, another…

15 Sep 2023

Biden’s Offshore Wind Target Slipping Out of Reach as Projects Struggle

Credit:Cavan/AdobeStock

President Joe Biden’s goal to deploy 30,000 megawatts of offshore wind along U.S. coastlines this decade to fight climate change may be unattainable due to soaring costs and supply chain delays, according to forecasters and industry insiders.The 2030 target, unveiled shortly after Biden took office, is central to Biden's broader plan to decarbonize the U.S. economy by 2050. It is also crucial to targets of Northeast states hoping wind will help them move away from fossil fuel…

06 Sep 2023

US Offshore Wind Projects Seek Looser Subsidy Rules in Fight for Survival

©Cavan/AdobeStock

A fleet of U.S. offshore wind projects central to President Joe Biden's climate change agenda may not move forward unless his administration eases requirements for subsidies in the year-old Inflation Reduction Act, according to project developers.Norway's Equinor, France's Engie, Portugal's EDP Renewables, and trade groups representing other developers pursuing U.S. offshore wind projects told Reuters they are pressing officials to rewrite the requirements, and warning of lost jobs and investments otherwise."The components needed for our projects to progress simply do not exist in the U.S.

25 Jan 2023

Cromarty Firth Port Wins Monopile Marshalling Deal for Moray West Offshore Wind Farm

Developers of the Moray West offshore wind farm in the UK have selected Invergordon port in the Cromarty Firth, Scotland, as the location for marshalling all 62 monopiles prior to installation as part of the Moray West offshore wind farm. The wind farm is being developed by Ocean Winds, a 50-50 joint venture owned by EDP Renewables and ENGIE."Moray West has signed a multi-million pound contract with Port of Cromarty Firth (POCF) to use the recently expanded facilities at Invergordon for this scope…

08 Dec 2022

Update: European Firms Capture Most Leases in California Offshore Wind Auction

© halberg / Adobe Stock

The U.S. government's first-ever sale of offshore wind development rights off the coast of California drew $757.1 million in high bids, mainly from European companies seeking a foothold in the U.S. wind-power industry's expansion to the Pacific Ocean.The auction began on Tuesday and ended Wednesday, the offshore wind industry's first chance to snag leases in waters off the U.S. West Coast. It was a milestone in the global expansion of floating wind, a fledgling technology necessary…

16 Nov 2022

Commonwealth Wind Moves Forward with Mass. Offshore Wind Deal

©Fokke Baarssen/AdobeStock

Commonwealth Wind said late Monday it will move forward with a submitted but not yet approved power purchase agreement with Massachusetts electric companies and its 1,232-megawatt offshore wind project.Commonwealth made its announcement after the Massachusetts Department of Public Utilities (DPU) denied, in early November, Commonwealth's motion to suspend its agreement. That motion raised questions about the future of Commonwealth's offshore wind project.Commonwealth is a unit of Avangrid Inc.…

08 Nov 2022

Massachusetts Denies Motion to Delay Offshore Wind Contracts

© Fokke Baarssen / Adobe Stock

Massachusetts utility regulators denied offshore wind power company Commonwealth Wind's motion to suspend its power purchase agreement with state electric utilities, raising questions about the future of Commonwealth's proposed offshore wind project.The Massachusetts Department of Public Utilities (DPU) said in an order on Friday that Commonwealth "is a sophisticated market participant well capable of factoring economic contingencies into its contract prices ... and exercising its options under the existing (power purchase agreements)."Commonwealth is a unit of U.S.

07 Apr 2023

Cadeler's Wind Orca Jack-up to Install 60 14.7MW Turbines at Moray West Offshore Wind Farm

File image: Cadeler

Offshore wind installation specialist Cadeler has won a contract to install 60 Siemens Gamesa offshore wind turbines off the coast of Scotland.The contract for the installation of the giant SG 14-222 DD offshore wind turbines at the Moray West offshore wind farm comes just after Siemens Gamesa on Thursday announced the firm contract award with Moray West operator for the supply of the 60 turbines.This will be the first time that these 14MW offshore wind turbines will be installed on a commercial scale.The project will be executed by Cadeler’s wind farm installation vessel (WIV), Wind Orca.

28 Feb 2022

Enthusiasm for Clean Energy Undeniable, Sec. Haaland Says after Record U.S. Offshore Wind Lease Sale

©Dominic Dudley/AdobeStock

The Biden administration's sale of offshore wind development rights off the coasts of New York and New Jersey drew a record $4.37 billion in high bids from developers that included major European energy companies.The auction, which began on Wednesday and stretched into Friday afternoon, is the first offshore wind lease sale under U.S. President Joe Biden, who sees the expansion of the industry as a way to tackle climate change and create jobs.The administration has set a goal to install some 30 gigawatts (GW) of offshore wind by 2030 along the nation's coastlines and several states…

23 Nov 2021

Two New Tugs Enter Service at Port of Acajutla

(Photo: SAAM Towage)

A pair of new new tugs at the Port of Acajutla will provide services for the first project to import liquefied natural gas (LNG) to El Salvador, a joint initiative from Energía del Pacífico (EDP) and the U.S. group Invenergy.The SAAM Towage vessels SAAM Acaxual and SAAM Centzunat were christened as part of the festivities to celebrate the arrival of the first floating storage and regassification unit (FSRU), the BW Tatiana, at the city’s port. This is the first FSRU stationed…

16 Nov 2021

Ocean Winds, Principle Power in French Floating Wind Team-up

WindFloat Atlantic (Viana do Castelo, Portugal) - Credit: Ocean Winds

Ocean Winds, a partnership between ENGIE and EDP Renewables, and Principle Power, a designer of floating wind turbine foundations, will cooperate to design the floating platforms for France’s first commercial-scale floating wind tender.In September this year, the French Government selected Ocean Winds to participate in the tender process.The duo has successfully delivered the 25 MW WindFloat Atlantic floating wind farm project currently operating in Portugal and the companies…

09 Mar 2021

SAAM Towage to Receive Two New Tugs for El Salvador

(Photo: SAAM Towage)

SAAM Towage said it will soon take delivery of two new vessels, SAAM Acaxual and SAAM Centzunat, built by Turkish shipbuilder Uzmar to provide services at the Energía del Pacífico (EDP) liquefied natural gas (LNG) terminal in El Salvador.The new RAstar 3200W tugs measure 32 meters long and were especially designed by Robert Allan Ltd. to meet the needs of the Acajutla gas terminal, with bollard pull of more than 80 tons and a speed of over 13.5 knots.Each vessel has two CAT 3516C 2350 kW engines and Kongsberg US255 FP azimuth thrusters.Their design features…

08 Jan 2021

Encore Dredging Partners Acquires Inland Dredging Company

© Aleksandr Lesik / Adobe Stock

Newly formed dredging and marine infrastructure services firm Encore Dredging Partners, LLC. (EDP) said it has acquired Inland Dredging Company, LLC for an undisclosed purchase price.EDP said it completed the transaction with support from its sole financial sponsor, Austin, Texas-based private equity firm AV Capital. League City, Texas-based EDP is a mid-sized cutter suction and mechanical dredging services provider focused on navigable waterways throughout the U.S.For 24 years, Dyersburg, Tenn.-headquartered Inland has provided dredging services throughout the Central U.S.

08 Jul 2021

Spain Plans to Install 1-3 GW of Floating Wind Turbines by 2030

Illustration - Credit:Untrakdrover/Wikimedia Commons - CC BY-SA 3.0

Spain plans to install floating wind turbines on the deep waters off its coasts with capacity to generate between 1 and 3 gigawatts of power by 2030, its Energy and Environment Ministry said on Wednesday.As part of a global shift away from carbon-emitting fossil fuels, governments and companies are seeking new ways to harness power generation from renewable energies like wind and solar.Spain has one of the world's largest onshore wind fleets, but its coastal waters are too deep to allow the installation of turbines that have allowed greater wind speeds and extra space to be exploited offshore

29 Oct 2021

U.S. Moves to Expand Offshore Wind Beyond the Northeast

Credit:bphoto/AdobeStock

The Biden administration on Thursday unveiled fresh steps toward building offshore wind farms in waters off the coasts of Massachusetts, the Carolinas, and in the Gulf of Mexico.The announcement is the government's latest in an aggressive push to expand the nascent ocean industry to every U.S. coastline in a bid to wean the power sector off fossil fuels and address climate change.To date, most U.S. development of offshore wind has taken place in the Atlantic Ocean off the coasts of Northeastern states.

12 May 2021

Invenergy, BW LNG Secure Financing for FSRU Project in El Salvador

Illustration only - An LNG Tanker - Credit: Altin Osmanaj/AdobeStock

Sustainable energy developer Invenergy and LNG solutions provider BW LNG have secured a $128.3 million loan from IDB Invest to fund the construction of a floating storage and regasification unit (FSRU), a key part of the Energía del Pacífico (EDP) LNG-to-power project in El Salvador.The financial package has a 15-year contractual term granted to FSRU Ltda. de CV in El Salvador. Invernergy said the loan provided valuable resources for the purchase and conversion of the BW Tatiana LNG carrier to an FSRU.