Energy Developer News

DEME and Greek renewable energy developer and independent power producer FARIA Renewables have signed a cooperation agreement to explore opportunities and co-develop offshore wind farms in Greece. Offshore wind technology is viewed as crucial for achieving global goals towards zero emissions. In support of these goals, the Greek government recently announced the draft ‘National Offshore Wind Farms Development Program’ which is overseen by the Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA).

Governments have decided to pay up to revive offshore wind farm developments after rising costs put at risk multiple projects that are needed to help them cut emissions and reach climate targets.Many countries are relying on a huge and rapid build-out of offshore wind farms which have high upfront costs but over the longer term can provide cheaper energy than fossil fuel plants.But some countries' wind power capacity targets started to look unrealistic this year after developers cancelled projects in the U.S.

Floating platform developer Gazelle Wind Power has appointed clean energy finance industry expert Álvaro Ortega as Chief Financial Officer (CFO).Ortega is the former Vice President of Finance at Avangrid Inc., a publicly traded company on the NY Stock Exchange and the U.S. subsidiary of global energy leader Iberdrola.“Finding someone with a track record like Álvaro’s is rare. Due to his financial expertise and passion for renewable energy, his joining the team is a home run for Gazelle as we enter an exciting phase in our company’s development,” said Gazelle CEO and Founder Jon Salazar.

A wind energy developer owned by France's TotalEnergies and a unit of Macquarie said on Monday it is bidding to build a wind farm off New Jersey's coast, expressing confidence in the sector after a series of U.S. setbacks.Spinning power from coastal wind turbines is central to President Joe Biden's plan to decarbonise the U.S. economy by 2050, but his installation targets are slipping out of reach due to soaring costs, high interest rates and supply chain delays.Bucking that trend…

ORPC, an marine renewable energy developer whose power systems harness the energy of free-flowing rivers and tides, has signed a contract with Shell Technology – Marine Renewable Program to initiate a Modular RivGen Power System demonstration project in the Lower Mississippi River.The collaborative project represents an opportunity to showcase how the next generation of ORPC’s hydrokinetic technology can provide predictable baseload electricity to help decarbonize onshore assets.

Australia-based Provaris Energy has launched a gaseous hydrogen floating storage concept called H2Leo that has been granted Approval in Principal by ABS.The solution has a design capacity range of 300 to 600 tonnes of hydrogen, expandable to up to 2,000 tonnes and will enable greater flexibility and optimization of Provaris' compressed hydrogen supply chain projects under development in Asia and Europe.The floating storage solution is suitable for various hydrogen supply chains and applications…

Renewable energy developer Vattenfall has selected the port at Great Yarmouth, run by infrastructure specialists Peel Ports, as the preferred location for the operations and maintenance base for the Norfolk Offshore Wind Zone.When completed, Vattenfall’s Norfolk Offshore Wind Zone will be able to power around 4.6 million households.According to Peel Ports around 130 new jobs would be created with staff directly employed for the lifetime of the project which is around 35 years.

Five developers selected to build the first floating wind farms in U.S. federal watersTo support the California Energy Commission’s planning goals of 2-5 GW of offshore wind by 2030 and 25 GW by 2045 as well as a federal target to deploy 15 GW of floating wind by 2035, the Bureau of Ocean Energy Management (BOEM) has concluded the auction date for five 33-year leases offshore California. Exhibit 1 summarizes the outcome of the auction and estimates the potential of the lease areas using BOEMs standard power density formula of 3 MW per square kilometer…

South Korean wave energy developer INGINE revealed ambitious growth plans for 2022,its10th anniversary.Today the company is approaching a landmark fifth year of wave energy operation in North East Asia, via the Jeju Bukchon Wave Power Plant built in 2015. Additional international projects will see expansion across four continents throughout 2022 and beyond.This includes a Vietnamese and Korean initiative in Quang Ngai province - through a five-party MoU involving Quang Ngai People’s Committee…

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.

Harnessing the power of the tides is not for the squeamish, with the roster of trials and failures long and distinguished. Jason Hayman and his Sustainable Marine Energy crew are putting their tech to the test in one of the harshest spots on the planet, the Bay of Fundy, as his discussed with Marine Technology TV.Jason, to start, how did you come to a career in the offshore renewable energy field?I suppose my interest got piqued back in about 2003. I went to a lecture at the University of Newcastle and they had a wave energy crowd there and a tidal energy developer.

UK-based HydroWing and Dutch tidal energy developer Tocardo are working on a solution that will convert tidal energy into hydrogen, store it and offload it - similar to an FPSO in the oil and gas industry - to overcome the intermittency as well as the transportation issues.The concept called the THyPSO (Tidal Hydrogen Production, Storage and Offloading) includes a floating platform housing 1 – 6 conventional bi-directional tidal turbines converting the tidal flows into electricity…

Domestic and international lenders are vying for a slice of Japan’s nascent offshore wind power sector, which is expected to provide as much as ¥3trn (US$29bn) in project financing opportunities, albeit at very low margins.Akita Offshore Wind completed the nation’s first fundraising for a major offshore wind project last month, raising ¥80bn to build wind turbines near two ports in western Japan.Auctions for sites off Japan's shores are due to kick off in April, and lenders are…

Denmark's offshore wind giant Ørsted A/S has unveiled more than £50k for Science, Technology, Engineering and Maths (STEM) skills across Lancashire and Cumbria.The renewable energy developer says the wave of new finance will be sourced from the Walney Extension Skills Fund.An award of nearly £40,000 goes to STEM Learning Ltd to develop two ENTHUSE Partnership projects in Cumbria and Lancaster. Each Partnership project will bring together eight schools and colleges from within the eligible funding area, to develop a two-year intensive improvement program to raise achievement and aspiration in STEM subjects.Fran Dainty, Head of STEM Expertise…

Swedish marine energy developer Minesto AB has renewed the collaboration agreement with National Taiwan Ocean University (NTOU) to explore the potential for Minesto’s Deep Green technology in Taiwan.The renewed collaboration agreement with NTOU's Center for Ocean Energy System (COES) was signed at a ceremony in Taipei by Minesto’s CEO Dr Martin Edlund and Professor Chen-Chou Lin, Director of COES.The collaboration between Minesto and COES builds on a phase-staged approach to go from a joint demonstration project at a test site in Keelung to full-scale ocean deployment of Minesto’s Deep Green technology in Taiwan. It strives to encompass both commercial and research-related objectives such as developing the marine energy market in Taiwan and neighboring countries…

Private markets investor Partners Group has provided equity financing for the 500-MW Greenlink interconnector,  the subsea connection between Wales and Ireland in exchange for a stake in the scheme.To-date, Greenlink has been developed by Element Power, an independent renewable energy developer, which, together with funds managed by Hudson Sustainable Investments, is the other major shareholder in Greenlink.Greenlink will use a subsea high-voltage direct current (HVDC) cable system to connect the power markets of Ireland and Great Britain, improving the security of electricity supply in both countries and reducing average electricity costs for consumers.

Spanish tidal energy developer Magallanes Renovables is testing its tidal technology on a test site at the European Marine Energy Centre (EMEC) in Orkney, Scotland.The successful installation of their second generation (2G) 2MW tidal platform ‘ATIR’ took place on 16th February and marks a major milestone in the Ocean_2G project, which aims to test, validate and pre-certify Magallanes’ device, said a release from EMEC.The ATIR was built and launched in Vigo, Spain in 2017, where it underwent a structured test programme to optimise the system, ensuring the device performs at its best.After this successful period of testing, the ATIR was towed from Spain to Orkney in September 2018.After months of careful planning and close working between the project partners…

Prysmian Group, world leader in the energy and telecom cable systems industry, announces the successful commissioning of the inter-array cable system for the Wikinger offshore wind farm, located within the West of Adlergrund cluster in the German Baltic Sea.According to a press release, Prysmian secured this project in February 2015 with a contract awarded by Iberdrola, the world-leading renewable energy developer and operator.“This important project marks a further significant milestone for the Group, being one of the first large category offshore wind farms where the Group has been responsible for the full inter-array ‘turnkey’ supply and installation contract…

Today’s planning approval for offshore wind energy at Dogger Bank takes the total of consented projects in the North Sea zone to 4.8 gigawatts (GW), almost equal to all the offshore wind capacity now in operation in the U.K. The consented development, Dogger Bank Teesside A&B is part of the Dogger Bank Zone, the largest of the Round 3 zones and the farthest from shore, but also one of the shallowest, with high wind speeds and seabed conditions ideally suited to offshore wind development.

Wave energy developer Carnegie Wave Energy Limited has provided an update on the recent progress of the Perth Wave Energy Project. Carnegie has made significant progress on the assembly and testing stage of the Perth Wave Energy Project in advance of the project’s final commissioning and operation phase. Noteworthy recent progress includes the completion of the offshore preparations in advance of the deployment of the CETO unit, completion of construction of the onshore plant including installation of all power generation and conditioning equipment on Garden Island, and nearing completion of the testing of the CETO units. Over the past months, Carnegie has been working through a rigorous program of integration testing of the CETO units in advance of offshore installation and commissioning.

Finland's top utility, state-controlled Fortum, on Monday said it has acquired a 14 percent stake in Finnish wave energy developer Wello. Wello has developed a floating vessel that captures energy from waves and converts it into electrical power with a generator, Fortum said. It did not disclose the value of the deal. (Reporting By Jussi Rosendahl; Editing by Michael Urquhart)

James Fisher Marine Service (JFMS) announces the successful completion of the SMV 24 vessel’s maiden charter and immediate subsequent charter at Round Three wind farm sites. The vessel accomplished its first charter working with offshore wind energy developer Forewind to support the Dogger Bank development, and the second charter was to RES Offshore delivering services to Hornsea wind farm. Both projects delivered support to critical metrological masts for the Round Three wind farm sites, transferring crew and equipment to carry out installation and maintenance activities.

WaveRoller, the wave energy device created by wave energy developer AW-Energy has received independent performance verification, taking the wave power industry one step closer to commercialization. WaveRoller received its validation after operating in fully exposed ocean environment during testing campaigns in 2012 and 2013. AW-Energy submitted detailed data covering wave conditions and device performance for external verification. Independent verification of the WaveRoller power…