India’s Union Cabinet has approved the viability gap funding scheme for offshore wind energy projects totalling $892.3m. This includes $820.5m for the installation and commissioning of 1GW of offshore wind energy projects – 500MW each off the coast of Gujarat and Tamil Nadu – and a grant of $71.8m...
https://splash247.com/india-allocates-over-890m-in-funding-for-offshore-wind/
Funds managed by Macquarie Asset Management and Spring Infrastructure Capital have opted to divest a 37.5% stake in the Race Bank offshore wind farm to Norges Bank Investment Management. The stake in the 573 MW offshore wind farm, located some 27 km off the Norfolk Coast, was sold to the manager of...
https://splash247.com/norwegian-sovereign-wealth-fund-buys-stake-in-race-bank-offshore-wind-farm/
UK OSV owner and operator North Star has become the first to adopt and deploy a vessel design for the offshore wind sector aimed at filling a new operational role between crew transfer vessels (CTVs) and service operation vessels (SOVs). The so-called Midi-SOV, introduced last year by UK-based...
https://splash247.com/north-star-signs-up-for-midi-sov-designed-to-fill-vessel-gap-in-offshore-wind/
Finnish naval architecture firm Aker Arctic has finalised design work on a new service operation vessel (SOV) for use in seasonally freezing seas. The concept design can be tailored to a specific operational area and can facilitate offshore wind farms’ investment calculations. The ice-going SOV is...
Singapore-listed Mooreast has bought a 98,919 sq m facility from a subsidiary of compatriot shipyard group Seatrium. The acquisition of the facility will quadruple the company’s production capacity in Singapore serving the floating offshore renewable sector. The renewable sector mooring solutions...
https://splash247.com/mooreast-quadruples-floating-renewables-production-capacity/
Equinor has begun construction works at the South Brooklyn Marine Terminal (SBMT) in New York, facilitating the rebuilding of the port facility into a hub for offshore wind on the US East Coast. Following reconstruction, SBMT will support Equinor’s first US offshore wind project, Empire Wind 1....
Some 137 substations will be installed offshore continental Europe this decade, requiring $20bn in total investment, a new Rystad Energy report suggests. Rystad said that over 120 of these facilities will be installed between 2024 and 2030 at a cost of around $18bn. Annual spending on offshore...
https://splash247.com/european-offshore-wind-substations-need-20bn-in-investments-by-2030/
Ørsted and Eversource last week marked another milestone for Revolution Wind, when Rhode Island Gov. Dan McKee, BOEM director Elizabeth Klein, BSEE director Kevin M. Sligh, Sr., and other federal, state and local officials and community members joined Ørsted and Eversource in ProvPort, June 13, to highlight the significant progress of Revolution Wind’s offshore construction — and to get a first hand look at Eco Edison, the first U.S.-built, U.S.-owned and U.S.-crewed service operations vessel.
https://www.marinelog.com/offshore/offshore-wind/video-eco-edison-arrives-in-provport/
UK energy consultancy Xodus has established a new dedicated offshore renewables engineering unit called Evolv Energies. The launch of Evolv is expected to strengthen Xodus’ offshore capabilities and deliver broader engineering services as renewables projects ramp up globally. The new business, led...
https://splash247.com/xodus-sets-up-renewables-engineering-unit/
UK offshore support company NR Marine Services has taken delivery of a new catamaran crewboat built by Isle of Wight-based Diverse Marine. Named NR Predator, the vessel boasts a hull form that incorporates an ultra-fine entry for excellent head sea performance and tower access but with high...