Renewables

Iberdrola, through its Brazilian subsidiary Neoenergia, took an important step towards advancing studies into the development of offshore wind energy generation. Neoenergia has just installed the floating LiDAR (Light Detection and Ranging) sensor to collect data on wind and sea characteristics in an area on the north coast of Rio de Janeiro. This is the first time that a company has used an internationally certified system in Brazil with maximum performance rating (level three), which allows for greater data accuracy and reliability.

Ocean Winds (OW), the international company dedicated to offshore wind energy and created as a 50-50 joint venture by EDP Renewables and ENGIE, appointed Craig Windram as Chief Executive Officer (CEO), during OW’s Board of Directors on April 2, 2024. The appointment will be effective as of July 1, 2024.

The European Commission has approved, under EU State aid rules, a €350 million German scheme to support the production of renewable hydrogen through the European Hydrogen Bank's “Auctions-as-a-Service” tool. The German measure is in line notably with the objectives of the REPowerEU Plan and the European Green Deal Industrial Plan. It will contribute to further reducing imports of Russian fossil fuels and fast forward the green transition.

DNV, the independent energy expert and assurance provider, issued a set of recommendations and a timeline to build a fully functional offshore HVDC transmission network to support US offshore wind power goals. As the first phase of a Joint Industry Project (JIP) exploring the feasibility of incorporating HVDC (high voltage direct current) transmission into the US grid concludes, these guidelines emerge from extensive collaboration across the sector, incorporating insights from a multitude of stakeholders. An offshore HVDC transmission system will enable the reliable delivery of this clean electricity to millions of homes and ensure developers and investors achieve a secure return on their investments. This network is critical to achieving the Biden administration’s goal of bringing 30 GW of offshore wind power online by 2030.

Venterra Group company Gavin & Doherty Geosolutions (GDG), a leading global offshore wind services provider have been awarded a contract to provide early supervisory and investigatory geophysical and geotechnical services including the development of a ground model and the conceptual design of foundations for subsequent design stages for the Baltica 1 offshore wind farm.

Canada Pension Plan Investment Board (CPP Investments), has announced that Reventus Power, a UK-based, wholly owned portfolio company, will become its dedicated global offshore wind platform. CPP Investments will consolidate its existing direct and indirect offshore wind holdings into Reventus Power to build on the business’ existing global footprint and support the sector’s significant growth opportunities.

Leading offshore wind developers Flotation Energy and Vårgrønn, a joint venture between Plenitude (Eni) and HitecVision, have announced that its floating offshore wind project Green Volt has been granted full onshore planning approval. This marks a significant milestone in the development of the most progressed commercial-scale floating wind farm in Europe. Green Volt is 50% owned by Flotation Energy and 50% by Vårgrønn.

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