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TotalEnergies Farms Down 25.5% of the Seagreen Offshore Wind Farm to PTTEP

In line with its renewables business model, TotalEnergies has signed an agreement with Thailand’s national oil and gas company PTTEP for the sale of a 25.5% equity stake in the Seagreen offshore wind farm for a consideration of £522 million ($689 million). Following this farm down, TotalEnergies retains 25.5% of Seagreen, alongside PTTEP (25.5%) and SSE Renewables (49%).

TotalEnergies Farms Down 25.5% of the Seagreen Offshore Wind Farm to PTTEP

James Fisher Secures Major Contract at the Triton Knoll Wind Farm

James Fisher and Sons plc (James Fisher) confirms it has secured a multi-million-pound contract at Triton Knoll offshore transmission (OFTO) project located in Lincolnshire, with the offshore platform 20 miles off the coast in the North Sea. James Fisher Renewables will provide complete end-to-end operations and maintenance (O&M) services to support informed decision-making for the OFTO, owned by funds managed by Equitix and TEPCO Power Grid UK.

James Fisher Secures Major Contract at the Triton Knoll Wind Farm

Gazelle Wind Power and Tugdock to Reduce Cost of Floating Offshore Wind Platform

Gazelle Wind Power (Gazelle), the developer of a next-generation floating offshore wind platform, and Tugdock, developers of the world’s first road-transportable floating dry dock known as the Tugdock Submersible Platform, have signed a Memorandum of Understanding to co-develop a modular offshore wind assembly system, that is expected to dramatically drive down costs and increase production of floating offshore wind farms.

Gazelle Wind Power and Tugdock to Reduce Cost of Floating Offshore Wind Platform

The Louisiana Offshore Wind Supplier Database Released

RWE, a leading offshore wind company globally, and Greater New Orleans, Inc. (GNO, Inc.)have released the findings of a one year collaboration to accelerate the engagement of Louisiana’s offshore wind supply chain.

The Louisiana Offshore Wind Supplier Database Released

Oceantic Network Launches Offshore Wind Experience Hub

Oceantic Network, a leading organization working to advance offshore wind and other ocean renewable industries and their supply chains, announces the opening of the Offshore Wind Experience Hub. Based in Maryland and funded by a grant from the Maryland Energy Administration (MEA), the Hub is designed to raise public awareness of and provide education about offshore wind renewable energy.

Oceantic Network Launches Offshore Wind Experience Hub

Storm's a Brewing: Offshore Wind's Economic Doldrums

Offshore Wind's Economic Doldrums

Today's key economic doldrums plaguing offshore wind projects are higher interest rates, cost inflation, and supply chain issues. Developers make multiyear cost assumptions when bidding for projects, given the often decade-long lead times associated with planning and development, obtaining approvals, and completing construction, before an offshore wind project becomes operational and starts generating cash returns.

Storm's a Brewing: Offshore Wind's Economic Doldrums

Crowley and Carbon Ridge to Launch Advanced Onboard Carbon Capture Project

Crowley and Carbon Ridge Inc, a leading developer of modular onboard carbon capture and storage solutions (OCCS), with support from the U.S. Maritime Administration (MARAD) Maritime Environmental and Technical Assistance (META) program, have initiated an advanced, pilot project to reduce emissions impacts using Crowley’s Storm international container ship.

Crowley and Carbon Ridge to Launch Advanced Onboard Carbon Capture Project
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