TechnipFMC is moving ahead with a pilot project for the Deep PurpleTM green hydrogen offshore energy system, which is a key component of the company’s energy transition offering.
Leading marine energy developer Minesto and Schneider Electric, a global leader in the digital transformation of energy management and automation, have entered a Memorandum of Understanding to work together to develop and build ocean energy farms based on Minesto’s Deep Green technology.
A new study commissioned by the North Carolina Department of Commerce shows the state can significantly contribute to the U.S. offshore wind supply chain and grow its economy as offshore wind demand increases along the East Coast.
The Alfa Laval company and world-leading pump manufacturer Framo, will supply pumping systems for foundations of Scotland’s largest offshore wind farm project. It is the second order for pumping systems in this application and marks an important milestone as it applies the company’s extensive experience from the offshore industry to renewable energy applications.
TechnipFMC has entered into an agreement with Magnora ASA (Magnora) to jointly pursue floating offshore wind project development opportunities under the name Magnora Offshore Wind.
The Hampton Roads Alliance has partnered with Xodus Group and BW Research to conduct a major offshore wind supply chain study for the Hampton Roads area in Virginia. The project will be used to build out the US offshore wind industry in Hampton Roads and identify key opportunities for economic expansion.
Subsea companies can find out how to leverage the opportunities in the multi-billion pound Floating Offshore Wind (FOW) sector through a three-part webinar series organized by Subsea UK and the Offshore Renewable Energy (ORE) Catapult’s Floating Offshore Wind Centre of Excellence (FOW CoE), beginning this month (9th March).
Rotech Subsea has clinched a major US offshore wind IRM contract on the United States’ Eastern Seaboard.
An international jury has selected four winners from the ten finalists in the Helsinki Energy Challenge. The four winning teams were announced during a virtual event introduced by the Mayor of Helsinki, Jan Vapaavuori, and will each take a share of the €1 million prize fund.
A new opportunity for wave energy developers to advance their technology is on its way, thanks to the EuropeWave project. The project is calling on wave developers to give input into its Pre-Commercial Procurement (PCP), a tender which will open in June 2021.
The Business Network for Offshore Wind has released its annual U.S. Offshore Wind Market Report & Insights. The report identifies 2021 as a year of defining consequences for the U.S. offshore wind industry.
NKT has finalized the manufacturing and delivery of both the export cable system and array cables for the Triton Knoll offshore wind farm located in the North Sea east of Lincolnshire in the UK. The project comprises the manufacture of 100 km of 220 kV HVAC offshore export cables and 144 km of 66 kV array cables as well as installation.
Sercel and Kappa Offshore Solutions have launched PIKSEL, a compact marine seismic solution specially designed for acquiring the best seismic data for high-resolution 3D imaging of targeted offshore areas.
The Department of the Interior has announced that the Bureau of Ocean Energy Management (BOEM) has completed the environmental analysis of the proposed Vineyard Wind I offshore wind project.
Global Offshore, a leading provider of cable installation, repair and trenching services to the offshore renewables, utilities and oil & gas markets, and part of the Global Marine Group, has signed a multi-year cable maintenance and management framework agreement with Equinor.
Equinor has closed the agreement to sell a 10% interest in Dogger Bank A (1,200 MW) and Dogger Bank B (1,200 MW) assets to Eni.
As part of this transaction Eni has also completed the agreement to purchase a 10% interest in the Dogger Bank A and Dogger Bank B assets from project partner SSE on the same terms.
Following this transaction, the new overall shareholding in Dogger Bank A and Dogger Bank B is SSE Renewables (40%), Equinor (40%) and Eni (20%).
Eni entered the Dogger Bank A and B assets effective from financial close of project financing which was reached on 25 November 2020. The total consideration received at closing is GBP 206.4 million.
The farm down to Eni is Equinor’s third offshore wind transaction in less than two years. The three transactions combined (divestments of non-operated interests in Arkona, Empire Wind /Beacon Wind and Dogger Bank A and B projects) generated an accounting gain of approximately USD 1.5 billion.
Equinor divested around 2.5 GW capacity in the different project’s stages for the cash consideration just under USD 2 billion. This demonstrates the company’s track record in consistently capturing value from world class assets.
The A and B phases of the Dogger Bank Wind Farm reached financial close at competitive terms underlining the attractiveness of the UK offshore wind assets and the confidence in the joint venture.
The third phase of the wind farm, Dogger Bank C (1,200 MW), is being developed under a different timeline. There is no change to the ownership of this phase, in which Equinor and SSE each have a 50% stake.
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