Renewable Energy Developers News

The U.S. Gulf Coast region, the nation's primary offshore source of oil and gas, has cheap electricity and lacks state mandates for renewable energy procurement, making it an unlikely place to expand one of the most expensive forms of clean energy.That is why players in the nascent U.S. offshore wind industry are looking beyond the grid when the Biden administration holds the first-ever offshore wind auction in the Gulf of Mexico on Tuesday, eyeing the sale instead as a way to…

America may have only entered the offshore wind sector recently, but it is wasting no time in playing catch-up. The White House has set targets of 30 GW of offshore wind capacity by 2030 and 110 GW by 2050. The focus so far has centred on bottom-fixed installations, but the prospect of higher energy yields in deeper waters where the wind blows stronger and longer now beckon. The White House has also set a floating wind deployment target of 15 GW by 2035.From a standing start, there are immense challenges in America’s offshore wind development.

Offshore services provider Aqueos Corporation is moving into its new office facility in Boston to support the growing offshore wind industry in the U.S. Northeast.Broussard, La.-based Aqueos has primarily provided marine construction, commercial diving, ROV and vessel contracting services for offshore oil and gas, but in 2020 the company identified the demand to expand its operating lines to include the offshore renewable energy sector.Walter Aguilar, Aqueos' vice president of civil…

Engineering firm, a major supplier to the oil industry, has decided to pay a regular dividend and buy back stock as it swung to a full-year profit in 2021 and its outlook improved, the company said on Thursday.Subsea 7 said it "firmly" believed that the market recovery was underway based on increased interest from its customers and it now expects its 2022 earnings to be "in line or better" than last year.Its Oslo-listed shares rose 6.5% by 1019 GMT, on track for their biggest daily gains in some 18 months, following the release of its October-December and full-year earnings.Analysts said the s

U.S. offshore wind farm developer Mayflower Wind announced Thursday that it has signed an agreement with Gladding-Hearn Shipbuilding/Duclos Corporation of Somerset, Mass. for the specification, design and manufacture of a Jones Act-compliant, hybrid battery diesel electric crew transfer vessel (CTV).The design utilizes technologies that will provide significant fuel savings and emissions reductions, including the use of lithium-Ion battery energy storage to create a hybrid vessel that will be a bridge to full electrification.

What will COVID-19 mean for the offshore wind industry? An industry not yet spinning on its own.Epitomized by the roller coaster ride that defined the stock market over the last few weeks, unpredictability has emerged as one of the few certainties of the coronavirus disease 2019 (COVID-19) crisis. Every industry has seen the effects of the pandemic, from hospitality, to travel, and even to the renewable energy sector. Indeed, even though the US offshore wind industry is not yet fully established…

The World Bank Group announced a new program to advance the adoption of offshore wind energy in developing countries and emerging markets.The World Bank and  International Finance Corporation (IFC) will help these markets evaluate their offshore wind potential and provide technical assistance to develop a growing pipeline of projects that are ready for investment by renewable energy developers, said a release from the  international financial institution.The offshore wind industry has grown nearly five-fold since 2011, with 23 gigawatts installed at the end of 2018 and a large volume of planned projects in Europe, China and the United States.

The Institute of Marine Engineering, Science and Technology (IMarEST) has partnered with Matchtech to offer an online recruitment service. Developed to offer a key benefit to the institutes 15,000 global membership, Matchtech will run an online job board on the IMarEST website. David Loosley, IMarEST CEO, welcomes Matchtech as IMarEST’s new recruitment partner stating; “We’re delighted to announce that the IMarEST is partnering with Matchtech to offer our international members an online recruitment service. ”
Matchtech’s recruitment partnership with IMarEST will bring 29 years of experience recruiting within the marine industry to the global marine community.

Teaming up with JASCO Applied Sciences, Fugro, an underwater acoustics company, is now providing measurement of underwater noise and allied consultancy. The new service will be launched at RenewableUK Offshore Wind 2010 (Liverpool, 29-30 June). The measurement of underwater noise, created during construction and operation of wind farms and tidal turbines, is an important component of any EIA and is vital to ensure the safety and longevity of marine wildlife and ensure compliance with licensing requirements.