Norway funds pilot of green hydrogen offshore energy system
Through Innovation Norway, the Norwegian government has approved grants for construction and testing of the green hydrogen offshore energy system, Deep Purple, in Norway.
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Canada offers financial support to region’s offshore sector
Newfoundland and Labrador government will offer finacial support to the “Hibernia Project”, in an effort to protect offshore industry.
South Korea to build world’s largest offshore wind farm off Ulsan
Korea Hydro & Nuclear Power (KHNP) has teamed up with Spanish wind power company OW Offshore and new Ulsan-based renewable company Kumyang Industrial Development, for construction of the world’s largest floating offshore wind power project off Ulsan.
Jones Act compliant wind turbine installation vessel to be developed
Lloyd’s Register has signed an agreement for a joint development project (JDP) with Northeast Technical Services Co., Inc. (NETSCo) to design and develop a Jones Act compliant wind turbine installation vessel (WTIV).
Asia’s installed offshore wind to catch up with Europe in 2025
From almost no offshore wind farms in 2015, Asia’s operational capacity has grown to more than 6 GW today, while China’s growth is expected to make the continent’s installed base rise sixfold by 2025, new analysis by Rystad Energy shows.
DNV GL forecasts fall of offshore wind costs leading to growth
A new report issued by DNV GL addresses the cost of offshore wind, which will fall approximately 70% by 2050 and offer new opportunities to players in the offshore wind, oil & gas and maritime industries as they shift their portfolios to become less dependent on fossil fuels.
New innovation challenge to support growth in offshore renewable energy
A new marine innovation challenge in UK, as part of the ADMIRALTY Marine Innovation Programme, focuses on marine geospatial data to help identify new areas for Offshore Renewable Energy.
Rystad forecasts shortage of wind farm installation vessels
Consultancy, Rystad Energy, issued a new report predicting that the world’s supply of offshore wind turbine installation vessels (WTIVs) and heavy lift ships are going to fall short by the middle of the decade, reflecting a coming boom in new wind farm development and the advent of ever-larger turbine designs.
Equinor, SSE reach financial close on world’s biggest offshore wind farm
Dogger Bank wind farm owners, Equinor and SSE, recently reached financial close on the first two phases of world’s largest offshore wind park project.
EU Offshore Renewable Energy Strategy: Five questions answered
The European Commission presented its EU Offshore Renewable Energy Strategy last week and now provides answers to key questions, such as, how will this Strategy help Europe’s economic recovery from the Covid-19 crisis? And what regulatory changes does the strategy foresee?
