Renewable Energy News

North Star has secured debt investment of up to $543 million (£425 million) to fuel the next phase of its European offshore wind expansion, setting the target to add 40 hybrid service operation vessels (SOVs) to its fleet by 2040.The committed financial package of $287 million (£225 million) includes term facilities from existing lender, IFM Investors, and committed capex and working capital resources from banks including ABN AMRO (sustainability co-ordinator), AIB, NAB, Royal…

Mainland China's national plan identifies hydrogen as a key element in its low-carbon energy transition strategy. The nation is committed to using hydrogen for decarbonization, with Rystad Energy projecting the installation of approximately 2.5 gigawatts (GW) of hydrogen electrolyzer capacity by the end of the year.This capacity is expected to produce 220,000 tonnes per annum (tpa) of green hydrogen, 6-kilotonnes-per-annum (ktpa) more than the rest of the world combined. Under its national plan…

Libra Group exited the container shipping market this week after selling close to 100 vessels for more than $2 billion over several years to focus on innovation and sustainability as new drivers of growth, the company's executive chairman said.The container market hit rock bottom nearly a decade ago before rebounding to record highs during the COVID pandemic as demand for consumer goods, which are carried by container ships, surged.George Logothetis, executive chairman of privately owned U.S.-headquartered Libra Group…

The US Bureau of Ocean Energy Management (BOEM) has released its Final Environmental Assessment (Final EA) of an offshore wind research lease in the Gulf of Maine. In October 2021, the state of Maine requested a research lease for the purpose of researching floating offshore wind energy technology and its deployment. The research site lies 28 nautical miles off the coast of Maine, roughly southeast of Portland, and if developed would comprise up to 12 floating offshore wind turbines capable of generating up to 144 megawatts of renewable energy.

Dutch offshore installation firm Van Oord has secured a contract from RWE for the transport and installation of monopile foundations for the Nordseecluster offshore wind project in Germany.This project will be the first project for the Van Oord’s brand-new offshore installation vessel Boreas, which is currently under construction.Van Oord’s scope includes the installation of 104 extended monopiles as well as the installation of the scour protection. In 2025, 44 monopiles are planned…

Between January and April 2024, China’s electricity generation from renewables surged 12% year on year, significantly outpacing the 6% growth in generation from fossil fuels. While steam coal shipments to China rose 29% year on year, they are starting to feel the pressure from stronger renewables. Between March and April, the shipments fell 7% as electricity generation from fossil fuels only rose 1%,” said Filipe Gouveia, Shipping Analyst at BIMCO.So far in 2024, electricity generated from renewables in China accounted for 25% of the country’s electricity production.

Danish offshore wind installation firm Cadeler has signed an installation vessel reservation agreement with an undisclosed client, valued up to $760 million, for upcoming wind farm installation projects.If all options are exercised during the four-year agreement, it would represent the largest deal in Cadeler's history, with the potential value of the projects to be executed under the agreement estimated to be in the range of $430-760 million (€400-700 million).The agreement secures…

Dominion Energy has announced that the first monopile foundation for the 2.6-gigawatt Coastal Virginia Offshore Wind (CVOW), the largest offshore wind farm under construction in the United States, has been installed approximately 29 miles off the Virginia Beach coast.The monopile was installed by the Orion, DEME Group's heavy lift vessel.Once complete in late 2026, CVOW will consist of 176 turbines that will generate enough clean, renewable energy to power up to 660,000 homes…

The Paris Memorandum of Understanding on Port State Control (Paris MoU) held its 57th Committee meeting in Madrid from May 6 to 10, 2024 and concluded that the results of the Concentrated Inspection Campaign (CIC) on Fire Safety, held from September 1 to November 30, 2023, showed that overall compliance appeared to be satisfactory.The result was less favorable on two specific topics: maintenance of fire doors (9.3 % non-compliance) and performing fire drills (9.2% non-compliance).

Offshore wind installation company Havfram has signed a contract with Iberdrola for the installation of 21 Siemens Gamesa wind turbines at the Windanker project in the Baltic Sea, off Germany.The contract, set to start in summer 2026, covers transport and installation support, which will be executed by one of Havfram’s newbuild NG20000X-HF wind turbine installation vessels.Windanker, located in the German Baltic Sea, will have an installed capacity of 315 MW.Most of the renewable…

Offshore installation services company Jan De Nul has ordered another XL cable laying vessel (CLV), identical to the Fleeming Jenkin, which boasts ‘unrivalled cable-carrying capacity’.Like the Fleeming Jenkin, the vessel will be 215 meters long and can transport 28,000 tonnes of cables.This will make them the largest capacity cable-laying vessels in the world, according to Jan De Nul.Thanks to cutting-edge technology on both vessels, designed by Jan De Nul Group's own specialists, they can lay cables in both shallow and ultra-deep waters up to 3,000 meters.

The Bureau of Ocean Energy Management (BOEM) has released two new studies on offshore wind energy in the Gulf of Mexico.The first study, “Gulf of Mexico Offshore Wind Energy Hurricane Risk Assessment” analyzed hurricane risk to wind turbines operating in the Gulf of Mexico. This study concluded that as a minimum, an IEC ”Typhoon Class” wind turbine would be needed for the design of offshore wind turbines in more hurricane prone areas, such as in the Gulf of Mexico.The second study, “Assessment of Offshore Wind Energy Opportunities and Challenges in the U.S.

The next chief executive of Petrobras, Magda Chambriard, arrives with the résumé and mandate to make Brazil's state-run oil firm what it was under prior Workers Party governments: an engine of job creation and industrial development, said people familiar with the matter.President Luiz Inacio Lula da Silva - who used Petrobras to spur domestic shipbuilding and major refinery projects during his earlier 2002-2010 presidency - has tapped the four-decade petroleum industry veteran to reboot that vision…

Maryland Governor Wes Moore signed a bill aimed at reevaluating and potentially revising existing offshore wind project plans, setting the stage for the state's goal of achieving 8,500 megawatts of offshore wind energy capacity by 2031.The bill signed on May 9 will empower the Maryland Public Service Commission (PSC) to open proceedings to evaluate offshore wind projects, including offshore wind renewable energy credit (OREC) pricing.The bill, which facilitates the increase of the maximum amount of ORECs sold under certain conditions…

Foundation installation work has commenced for the second phase of what will become the world’s largest offshore wind farm, Dogger Bank, in the U.K. North Sea.Seaway7’s vessels Seaway Strashnov and Seaway Alfa Lift have commenced installation of monopile foundations and transition pieces for the Dogger Bank B phase of the offshore wind farm project. The team recently completed installation of all 95 transition pieces on Dogger Bank A, thus concluding the installation of the foundations for the first phase of the project.Olly Cass…

Cyan Renewables, a portfolio company of Seraya Partners, has entered into a strategic collaboration with Hyundai Asset Management to establish a robust vessel supply with strong local content for South Korea's offshore wind market.Cyan Renewables, an international maritime operator specializing in offshore wind support vessels, has signed a memorandum of understanding (MoU) with Hyundai Asset Management to facilitate the strategic investment in South Korea’s offshore wind supply chain.Under the MoU…

Dutch-Norwegian floating solar company SolarDuck, in collaboration with Japanese partners, has completed the installation of Japan’s first offshore floating solar demonstrator which will be used to power electric vehicles and boats.Together with its project partners Tokyu Land Corporation, Kyocera Communication Systems Corporation and Everblue Technologies, SolarDuck launched the demonstration of its offshore floating solar unit as part of the Tokyo Bay eSG project.The demonstration will showcase the production of renewable energy from the offshore floating solar unit…

CB&I, a wholly owned subsidiary of McDermott, has been awarded a significant contract by TotalEnergies and OQ joint venture for the engineering, procurement, construction (EPC) of a full containment concrete liquefied natural gas (LNG) storage tank, located in Oman's Port of Sohar.Under the contract, awarded by Marsa Liquefied Natural Gas, CB&I will provide turnkey EPC services for a 165,000m3 full containment concrete LNG storage tank and associated piping to grade.Project delivery will be executed in Oman…

NYK Line, NYK Trading Corporation, Azbil Yamatake Friendly and Kayama Kogyo have begun recycling vehicle lashing belts that have passed their expiration dates for use on NYK-operated car carriers.Azbil Yamatake Friendly collects the belts and separates the metal parts from the plastic lashing of the belts. Kayama Kogyo is then producing refuse-derived paper and plastics densified fuel (RPF fuel) from the plastic belts. Kayama Kogyo is using renewable energy sources for all electricity used in fuel production.Approximately 200…

When Bertrand Charrier worked with Jacques Cousteau four decades ago on the development of a revolutionary sail for the maritime industry, the time for widescale adoption of wind power wasn’t right. Now, he argues, there’s simply no time to waste.“Sometimes the best discoveries are rediscoveries.”Bertrand Charrier is a champion of simplicity. Sitting in a comfortable chair overlooking the rolling fields of rural France, he delivers frank observations backed by a blend of common sense and scientific expertise.The maritime industry…

In the heart of maritime excellence in Oslo, Norway, the stage is set for the Nordic Maritime Forum 2024 to bring together industry leaders, ranging from shipowners, ship managers, ports, regulators, and classification societies to technology companies and suppliers, for two days of dynamic discourse and collaboration. With dates fixed for June 18th and 19th, this eagerly anticipated event will serve as a foundational platform for delving into the key themes shaping the maritime…

Van Oord’s Svanen vessel has received a major upgrade which increased its total height to 125 meters, making it one of the largest heavy-lift vessels in the world suitable for handling the next generation of monopile foundations for offshore wind.Svanen grew 25 meters taller with the installation of an A-framed gantry extension, weighing 1,200 tonnes, on top of the vessel.The extension had been constructed by Holland Shipyard. One of the largest cranes in the world was used for the installation at Mammoet Schiedam.Besides the gantry extension…

US Secretary of the Interior Deb Haaland has announced that the Bureau of Ocean Energy Management (BOEM) and the Bureau of Safety and Environmental Enforcement (BSEE) have finalized updated regulations for renewable energy development on the U.S. Outer Continental Shelf. The final rule increases certainty and reduces the costs associated with the deployment of offshore wind projects by modernizing regulations, streamlining overly complex processes and removing unnecessary ones…