Renewable Energy Projects News

The Biden administration on Friday released new rules that will make it easier for offshore wind developers to claim a subsidy for facilities planned in areas that have historically relied on fossil fuel industries for employment.The revision follows nearly a year of warnings by offshore wind companies that their projects might not move forward without access to certain subsidies in President Joe Biden's landmark climate change law, the Inflation Reduction Act.Offshore wind is a critical part of Biden's plan to decarbonize the U.S.

New York officials on Tuesday said the state has awarded conditional contracts to three offshore wind projects as part of a massive renewable energy procurement that will provide 12% of the state's power needs in 2030.The announcement, which the state billed as the nation's largest ever investment in offshore wind, comes less than two weeks after New York regulators rejected requests by three offshore wind developers to renegotiate their contracts because of soaring costs. In response…

Energy ecosystems are evolving as the value of offshore power-to-X production is being realized.Flexible and delivered in long lengths on reels in a fast-track operation, thermoplastic composite pipeline can transfer up to nine times the amount of energy as a cable and can be used to store hydrogen, increasing the uptime of offshore wind farm generated power.That’s according to Netherlands based supplier Strohm, member of the Hydrogen Offshore Production for Europe (HOPE) project and the Dutch floating green hydrogen and ammonia OFFSET project.

A U.S. judge has rejected challenges to federal environmental permits and construction approvals for a $4 billion offshore wind farm near Massachusetts, which commercial fishing groups have claimed will harm whales and impair their businesses.U.S. District Judge Indira Talwani in Boston last Thursday tossed the final two federal district court lawsuits directly challenging the Vineyard Wind project roughly 15 miles south of Martha’s Vineyard, which would be the first commercial…

Norwegian energy industry giant Equinor has appointed of Samuel Byrne as Vice President of Operations at Equinor Renewables Americas to lead Equinor's offshore wind operations in the U.S.Bryne most recently served as Vice President responsible for Operations & Maintenance at maker Vestas Wind Systems in Asia-Pacific for both onshore and offshore wind farms, as well as solar and battery storage sites. His responsibilities covered 13 countries and approximately 15GW of wind farms either in operations or being commissioned…

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.

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.

In the 45 years since the Arab Shipbuilding & Repair Yard (ASRY) opened on reclaimed land in Bahrain, the Middle East has become one of the world’s ship repair hotspots. A broad range of shipyards now service both regional and global markets.Regional yards have a ready market, with hundreds of offshore rigs working across the region together with the service ships that support them. Then there are thousands of tankers and gas carriers that arrive each year to load energy cargoes for far-flung destinations.

Solstad Offshore, a Norwegian company that owns and operates offshore support vessels, has won a contract for the subsea construction vessel Normand Baltic and a contract extension for the subsea construction vessel Normand Navigator.The contracts are for renewable energy projects in North Europe and Asia, with extension options available upon the expiration.The Normand Baltic contract will cover the majority of Q4-22 and Q1-2023, while the Normand Navigator now has a firm contract to Q4 2023…

Americraft Marine, a maritime subsidiary of the Libra Group, announced it has acquired U.S. shipyard St. Johns Ship Building.Based in Palatka, Fla., near Jacksonville, St. Johns Ship Building performs new construction and repair of a wide variety of steel and aluminum vessels, including ferries, tugs, deck and tank barges, landing crafts, and general cargo vessels. It is also one several U.S. shipyards currently building vessels that support and service offshore wind farms.With facilities including a storm-protected 100-acre inland campus with a 850-ton floating drydock, St.

Within the maritime sector not enough attention is paid to maritime subcontracting. And yet, it is as important as the main contracts that maritime main contractors conclude with their clients, such as shipping companies and buyers of superyachts. The same applies to the oil & gas and renewable energy industry. Thomas van Tol, co-founder of The Synergy Partner, writes: "As many maritime main contractors do not conclude contracts with their subcontractors in the right way, they take major risks for themselves as well as for their clients. Most of the time they are not aware of it.

Members of the U.S. commercial fishing industry are teaming up with an oil industry-backed lobbying group to fight offshore wind energy development on the East Coast, according to documents reviewed by Reuters and interviews with people involved.The unusual alliance reflects the breadth of opposition President Joe Biden faces as his administration pushes to expand offshore wind power and other clean energy sources dramatically to combat climate change.The fishing industry believes offshore wind farms will interfere with vessel navigation and hurt crucial stocks like squid and scallops…

TotalEnergies and Columbia Shipmanagement (CSM) have signed a Memorandum of Understanding (MoU) to explore various collaborative opportunities to foster energy transition, especially in transportation, with a focus on shipping.The parties are developing in partnership a lube oil monitoring, optimization and supply platform utilizing the existing capabilities of CSM’s Performance Optimization Control Room (POCR). These developments aim at bringing value to final customers.In addition…

When U.S. President Joe Biden’s administration approved the country’s first major offshore wind farm this month, it billed the move as the start of a new clean energy industry that by the end of the decade will create over 75,000 U.S. jobs.Industry executives and analysts do not contest that claim, but they make a clarification: For the first several years at least, most of the manufacturing jobs stemming from the U.S. offshore wind industry will be in Europe.Offshore wind project developers plan to ship massive blades, towers, and other components for at least the initial wave of U.S.

A giant semi-submersible lifting barge is being lengthened and strengthened at the Hat-San shipyard in Turkey in preparation for a new working life with marine services and transportation firms Malin Abram and Malin Augustea in Scotland.Once converted, the massive barge will be one of the largest in Europe, and the only one in Scotland able to submerge and load vessels and cargo up to 12 meters deep and 140 meters long, the Malin Group said. With a submergence depth of up to 12 meters over deck and a deck space of 4…

German shipping and logistics group Harren & Partner announced it has hired Nils Aden as managing director, effective May 1.Aden brings to the role more than two decades of know-how as a shipping industry executive in the industry, with experience from leadership positions in international ship management, transformation projects, M&A transactions and integration. In his previous assignments, he overlooked the merger of V.Ships and Norddeutsche Reederei H. Schuldt as Managing Director, led Zeaborn as CEO and transformed E.R. Schiffahrt as CEO into an international ship management player.

In January, Occidental Petroleum announced it had accomplished something no oil company had done before: It sold a shipload of crude that it said was 100% carbon-neutral.While the two-million-barrel cargo to India was destined to produce more than a million tons of planet-warming carbon over its lifecycle, from well to tailpipe, the Texas-based driller said it had completely offset that impact by purchasing carbon credits under a U.N.-sponsored program called CORSIA.Carbon credits…

In Antony and Cleopatra, Shakespeare coined the phrase “salad days” to mean a youthful time filled with unbridled enthusiasm and idealism. Indeed, youth, much like salad, is often raw, flavorful and most of all… green. Therefore, it is fitting to think of our present time as the salad days of offshore energy in the United States. Let’s dig in.Executive Order appetizersOn January 27, President Biden took early steps to implement his campaign promise to transition the United States away from fossil fuels and invest in renewable energy…

Trading house Mercuria and Singapore-based asset manager Envysion Wealth Management have agreed to co-invest in mining and energy projects, as default-hit banks tighten their purse strings and leave commodities firms seeking other funding.The deal, signed on Wednesday, will see Mercuria present potential projects for investment to Envysion, founded and led by former Julius Baer banker Veronica Shim. Envysion will then decide whether to participate via a fund with a start-up amount…

GCube, an insurer for renewable energy projects, hired three new underwriters for its offshore wind team, including Joshua Cantwell, formerly of Talbot Underwriting, and Zoe Massie, formerly of Allianz Global.The appointments come alongside a number of new hires in the U.S. as GCube builds its global presence in the renewable energy insurance sector.Prior to joining GCube, Cantwell held the position of Class Underwriter and subsequently Interim Head of Energy for Talbot Underwriting.He was responsible for the global Upstream portfolio and has been directly managing the Upstream London team over the course of the past year. Cantwell will…

BMT announced Dennis de Bruin has been appointed Managing Director for BMT’s Commercial Shipping Europe business, with immediate effect.A BMT employee since 2004, de Bruin has more than 20 years of experience in the maritime industry. He has served for the last seven years as Marine Director for BMT's nautical and cargo department of the Rotterdam office.He will succeed Jeroen de Haas as Managing Director of our European offices in the Netherlands, Belgium and Switzerland, who has been at the helm of Commercial Shipping Europe since 2001…

Dubai's Drydocks World shipyard has cut first steel for the HVAC Transformer Station Topside, named Hollandse Kust Zuid (HKZ) Beta.This is the third such unit that Drydocks World will be constructing for Petrofac and end-client TenneT, and the second project for the HKZ offshore wind farm, as it is also building the Alpha HVAC substation.The HVAC platform will form part of a renewable energy wind farm, located in the HKZ grid connection in the Dutch sector of the North Sea. The topside will weigh approximately 3…

The Bureau of Ocean Energy Management (BOEM), Gulf of Mexico OCS office published two new studies examining the potential for and impacts of renewable energy projects in the U.S. Gulf of Mexico.“Offshore Renewable Energy Technologies in the Gulf of Mexico” analyzed different offshore renewable energy technologies -- including wind, wave, tidal, current, solar, deepwater source cooling and hydrogen --  to determine which are best suited for development in the Gulf of Mexico.Offshore wind…