Energy Targets News

A record year for building new wind farms and a rebound in investments in the sector have raised hopes that the EU may achieve its clean energy targets, industry group WindEurope said on Wednesday.In an annual report, WindEurope described 2023 as a year of "significant improvements" in key areas of Europe's wind energy sector, which struggled in 2022 with soaring inflation, interest rates and volatile energy markets after Russia invaded Ukraine.Investments in European offshore wind last year jumped to 30 billion euros, up from the scant 0.4 billion euros that were invested in 2022.

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.

A number of recent actions in the United States will better position the nation to meet its short- and long-term offshore wind energy targets, as outlined in the April 2023 U.S. Offshore Wind Report from Intelatus Global Partners.April brings with it the news that the U.S. federal government is seeking to accelerate and incentivize investment in offshore wind technologies and the supply chain, whether it be for bottom-fixed or floating wind projects, for the transmission of large amounts of electricity from offshore to an onshore grid that was not designed with this scenario in mind…

Heerema Marine Contractors has completed the installation of 24 turbines for Parkwind’s Arcadis Ost 1 offshore wind farm and most turbines are already producing electricity. Three remaining turbines will be installed later this year.The 257 MW offshore wind farm is located in the German section of the Baltic Sea, northeast of the island of Rügen. It is expected to generate enough electricity to power the equivalent of up to 290,000 households. "This marks the end of the first…

Jadestone Energy, an Asia Pacific-focused oil and gas company, has taken a step toward restarting production from its Montara Project offshore Australia.The company shut down production from the Montara Venture FPSO last year, first, to allow for repairs on a tank that leaked oil back in June through a 30-millimeter crack, and then after discovering a defect in water ballast tank 4S.On January 18, 2023, Jadestone said that DNV's independent review of Jadestone's remediation plans and operational readiness for the Montara Venture FPSO had been completed and submitted to NOPSEMA, that Australian offshore safety regulator, as required by the General Direction issued to the company in September 2022.

Crowley has completed the purchase of 42 acres in Salem, Massachusetts, the latest milestone toward the development of the state’s second major offshore wind port terminal.The Salem Harbor Wind Terminal is a public-private partnership between Crowley and the City of Salem, with AVANGRID serving as the port’s anchor tenant through its Commonwealth Wind and Park City Wind projects.The terminal will be a logistics and operations center for turbine pre-assembly, transportation, staging activities and storage of assembly components.

The U.S. government has recently announced plans to promote offshore wind, with a goal to have 30 gigawatts (GW) of offshore wind capacity installed by 2030, and a whopping 110GW of offshore wind by 2050. It has also committed to supporting the development of a sustainable local offshore wind supply chain, which is set to benefit from $136 billion expected to be spent on U.S. offshore wind development in the U.S. within this decade, as estimated by World Energy Reports. Still, it will take some time to build the local supply capacity, meaning foreign firms will benefit from the U.S.

Climate Fund Managers (CFM), the manager of the Climate Investor One facility (CI1), have announced that construction has begun of its 48MW near-shore wind farm in Tra Vinh province Vietnam.CI1’s Construction Equity Fund has committed USD 71 million to the project company, “Tra Vinh Wind Power Company”, which is jointly funded by Korean energy firm ST International. Vestas, the pioneering global supplier of wind turbines will act as EPC for the project.The collaboration makes use of ST International’s extensive knowledge of the Asian energy market, Vestas’s expertise in developing, constructing and operating wind power facilities, and CI1’s innovative end to end financing solution.As one of the fastest-growing Asian economies…

Danfoss Editron, a company specializes in hybrid and electric powertrain systems for off-highway and marine markets, said that it has provided the hybrid electric drivetrain system powering a new ferry connecting the communities of Thyborøn and Agger in north west Denmark.The ferry, which was delivered by the country’s Søby Værft shipyard, was ordered to replace the previous one that had been running for over 40 years and reached the end of its operational lifetime.Like most ferries in Denmark, the Thyborøn-Agger service operates over a relatively short distance, with an approximate crossing time of just 12 minutes. Because of this short journey time…

The global scrubber system market is estimated at USD 1.02 billion in 2018 and is projected to grow at a CAGR of 12.82% to reach USD 1.86 billion by 2023. The global market is likely to grow significantly due to growing stringent environmental regulations to reduce atmospheric emissions, said a market research from Reportlinker. Although restraints like stringent legislations against disposal of contaminated effluents from scrubber systems are being observed, International Maritime Organization's (IMO) 2020 global sulfur cap is expected to create better opportunities for the scrubber system market. Contamination from heavy metals found in scrubber washwater is expected to be a major challenge for the growth in the scrubber system market.

Mitsui O.S.K. Lines (MOL) has announced that on July 20, its core dry-cargo ship management company, MOL Ship Management  received a new certification of its Environmental Management System ISO14001: 2015 and Energy Management System ISO50001from Nippon Kaiji Kyokai (ClassNK) after undergoing stringent transition audit and renewal audit processes. MOLSHIP acquired ISO14001: 2004 and ISO50001: 2011 certifications at the same time from ClassNK in July 2014 . Since then, it has worked to prevent ocean pollution through management of MOL's concept ship "ISHIN series" as typified by the eco car carrier Emerald Ace, and set wide-ranging environmental and energy targets…

The Alfa Laval Test & Training Center in Aalborg, Denmark will soon be expanded to five times its current size. This development, focused on liquefied natural gas (LNG) and other alternative fuels, aims to address new challenges and possibilities for marine customers as they strive to meet environmental and energy targets. Alfa Laval  said the expansion will create the world’s most advanced test center for environmental and combustion technology – regardless of fuel type. Alfa Laval describes its Test & Training Center as a cornerstone of customer-focused technology development.

Tokyo-based Astomos Energy Corp has placed an order today with Mitsubishi Heavy Industries (MHI) for a very large liquefied petroleum gas (LPG) carrier. The 83,000 cu m vessel marks their fourth such order with MHI since 2013, a company that also happens to be a 49 percent shareholder in Astomos Energy. Construction, as with the three previously ordered vessels, will be carried out at MHI's Nagasaki Shipyard & Machinery Works. The carrier will provide the world's highest level of energy-saving performance, flexibility to accommodate major LPG terminals around the globe, and specifications suited to passage through the newly expanding Panama Canal.

U.K. energy regulator Ofgem on Wednesday launched a £400 million tender for linking offshore wind farms in the North Sea to Britain's national power grid. Ofgem is calling for firms to construct high-voltage transmission links to connect the Westermost Rough wind farm owned by WMR Limited, part of DONG Energy, and the Humber Gateway wind farm owned by E.ON., to the grid, Ofgem said in a statement. The two sites have a combined capacity of 425 megawatts, while the successful bidders will receive a guaranteed revenue stream for 20 years, Ofgem said. Offshore wind farm developers are required by the regulator to open their transmission assets for tender to encourage competition and lower prices.

The Glosten Associates, Inc. announced it has been awarded a contract from the U.K.–based Energy Technologies Institute (ETI) for the engineering phase of the floating offshore wind turbine demonstrator using the PelaStar tension leg platform (TLP) foundation system. The $6 million (U.S.), 12-month contract will complete the Front End Engineering Design (FEED) in advance of construction and deployment of a 6 MW demonstration unit off the south coast of the U.K. as early as 2015.

Leo Hambro, Commercial Director of Tidal Transit, has announced that the company has just placed an order for the manufacture of the third, in its potential fleet of ten, innovative wind farm crew transfer vessels. To be named Tia Elizabeth, this new vessel will be built to exactly the same high specification as its two sister craft, Ginny Louise and Eden Rose , apart from the fitment of a rear crane which can be used for the deployment of a rescue craft, such as an inflatable rib.

GL Garrad Hassan report examines offshore wind potential in Baltic Sea Region. The Baltic Sea has great offshore wind potential. The development of offshore wind resources will be vital for many of the Baltic nations, as they look to meet their commitments to boost renewable energy generation. GL Garrad Hassan, part of the GL Group's renewables business segment, has presented a new report outlining the potential for large scale offshore wind power deployment in the Baltic Sea Region (BSR). The report was sponsored by the Baltic Sea Region Energy Cooperation (BASREC), a Ministerial process designed to promote sustainable growth, security and prosperity in the region through the energy sector.

Hamburg, Germany – GL Garrad Hassan, part of the GL Group, has been awarded grants by the US Department of Energy (DOE) of $500,000 and $200,000 to fund two studies to identify optimal strategies for the installation, operation, and maintenance of offshore wind farms and to assess the readiness of US ports to meet the needs of the industry. To meet the renewable energy targets of the next century, offshore wind projects hold great promise with steady, strong winds, abundant space and low impacts. These benefits are not without their challenges, however, as developing offshore wind power projects requires significant investment, expertise and a reliable knowledge base.

The first ever ‘How to Build a Tidal Array in a Day’ seminar will be held on Tuesday 25th October during the RenewableUK 2011 conference and exhibition in Manchester. And industry delegates are being invited to participate in this unique interactive event to contribute towards making Tidal Energy a commercial reality and meet renewable energy targets. The one day seminar, a major initiative by RenewableUK together with five leading Marine Energy stakeholders, will examine the…

Collier Research Corporation released its HyperSizer v6 structural sizing and analysis software for reducing weight, maintaining strength and improving the manufacturability of complex composite and metallic designs. Developed and proven at NASA, the software — the first ever commercialized by the agency — has a track record of 20 percent weight reduction in high-profile government and commercial aerospace projects. In addition, HyperSizer’s design and manufacturing capabilities…

Russia’s key role in capturing hard to reach Arctic energy resources has prompted two new initiatives from leading electric propulsion systems supplier ABB Marine, targeting both the nation’s newbuild and ship support sectors. The company has established a new marine service centre at Murmansk, committed to supporting vessels operating in North-West Russia through their 25-30 year lifespan. It is also refocusing activities at its established St Petersburg office, by appointing a new manager responsible for newbuilding projects from the design stage through to systems delivery, in order to develop closer relations within Russia with owners, class, designers, shipyards and research institutes.