HydroWing is designed to be a cost-effective and scalable solution to tidal stream energy generation and was the largest tidal stream project in Wales to be successful in the UK government’s latest Contracts for Difference round, having been awarded a 10MW project at the Morlais tidal energy site in Anglesey.
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Talos Energy Inc. (NYSE: TALO) has announced the execution of definitive agreements to acquire QuarterNorth Energy Inc. ("QuarterNorth") for $1.29 billion (the "Transaction"). QuarterNorth is a privately-held U.S. Gulf of Mexico exploration and production company with ownership in several prolific offshore fields.
As we enter a New Year, the memories of the shocks to the foundations to the US offshore wind segment remain fresh. In short, supply chain inflation and capacity/availability, interest rate increases, and tax credit monetization have been the key themes highlighted by developers to explain why many projects became commercially unviable, as outlined in the most recent US Offshore Wind Report from business intelligence and consulting firm Intelatus Global Partners.
The latest stats from DNV’s Alternative Fuels Insight (AFI) platform found that a total of 298 ships with alternative fuel propulsion were ordered in 2023 – an 8% increase year on year.
HydroWing has kicked off the New Year by opening a new office in Wales, to support the development of their innovative tidal stream energy project at Morlais on Anglesey.
JERA Co., Inc. and Green Power Investment Corporation began operations at the Ishikari Bay New Port Offshore Wind Farm—the largest commercial wind farm in Japan and the first in Japan to adopt large 8,000 kW wind turbines—which they own through Green Power Ishikari GK, a special-purpose corporation (SPC).
In 2023, Bernhard Schulte Offshore ordered the design and construction of two such vessels from Ulstein, a contract which included options for two + two vessels. These options have been transferred to institutional investors advised by J.P. Morgan Asset Management, who declared the first two.
Oceantic Network, the leading organization working to advance offshore wind and other ocean renewable industries and their supply chains, will host its annual OSW O&M/Health & Safety Summit beginning Thursday, January 18 in Virginia Beach, Virginia.
Copenhagen Infrastructure Partners (CIP), a global leader in greenfield renewable energy investments, and Avangrid, Inc. a leading sustainable energy company and member of the Iberdrola Group, announces that power from the Vineyard Wind project was delivered to the New England grid for the first time.