Norwegian energy giant Equinor has announced the cancellation of its offshore wind projects in Spain, Portugal and Vietnam, citing rising costs due to inflation, high interest rates and supply chain delays. The company’s decision highlights the financial challenges faced by the offshore wind industry, but Equinor remains committed to its renewable energy goals.
Ocergy Inc., a technology company specializing in sustainable offshore solutions, has announced that the pilot project of its OCG-Wind technology has entered the final stages of engineering. The pilot unit, equipped with a Vestas V112 3-MW turbine, will be installed near the Culzean offshore field in the North Sea, providing approximately 20% of the gas platform’s power needs with green offshore wind energy.
Equinor ASA has withdrawn from Vietnam’s offshore wind sector, citing delays in regulatory reforms. This decision marks a setback for Vietnam’s green energy goals and is the first time Equinor has closed an international office dedicated to offshore wind development.
Massachusetts is taking a significant step towards its clean energy goals with the groundbreaking of the Salem Offshore Wind Terminal, transforming a former fossil fuel plant into a hub for offshore wind development and supporting the construction of next-generation wind farms, including floating turbines in the Gulf of Maine.
Massachusetts has taken a significant step towards its clean energy goals with the groundbreaking of the Salem Offshore Wind Terminal. This project transforms a former coal-fired power plant into a crucial hub for the state’s growing offshore wind industry, supporting the construction of wind farms in New England and future floating turbines in the Gulf of Maine. The terminal will create jobs, prioritize local hiring, and contribute to a cleaner energy future for the state.
Dominion Energy’s Coastal Virginia Offshore Wind (CVOW) project has successfully installed the 50th monopile foundation, keeping the project on schedule. The project is on track to complete construction in late 2026 and will be the largest offshore wind project in the US, generating enough clean energy to power 660,000 homes. The project is also creating significant economic benefits for the Hampton Roads region.
Atlantic Shores Offshore Wind has chosen to lead the substation expansion program for its first offshore wind project, Atlantic Shores Project 1. The project, located in New Jersey, will deliver 1,510 megawatts of clean energy to the state and generate enough power to serve over 700,000 homes. This collaboration represents a significant step towards building a cleaner energy future in New Jersey.
The US Department of the Interior has announced a new five-year leasing schedule for offshore wind energy in the Atlantic, Gulf of Mexico, Pacific, and waters offshore the US territories. The schedule includes up to 12 potential offshore wind energy lease sales through 2028, with four offshore lease sales planned for this year. The move is part of the Biden Administration’s plans to boost offshore wind and other forms of renewable energy to make the grid greener and cut emissions.
Maine is poised to harness the power of offshore wind, promising a greener future, economic prosperity, and a brighter outlook for its residents. The installation of floating offshore wind turbines aims to provide half of Maine’s electricity needs by 2040, utilizing the state’s abundant wind resources and the involvement of major energy companies. These turbines will be strategically placed 44 miles off the coast, avoiding fishing areas. The project is expected to create thousands of new jobs, giving Mainers more opportunities to build fulfilling careers in their home state. Offshore wind technology is already well-established and has proven successful in other parts of the world, making it a reliable solution. The development of offshore wind along the East Coast holds immense potential for the United States, with a goal of generating 30 gigawatts by 2030 and 110 gigawatts by 2050. This clean energy source will play a crucial role in phasing out fossil fuels, mitigating climate change, and improving air quality. To ensure the swift implementation of this transformative project, Maine residents are urged to rally behind their legislators and advocate for the rapid development of offshore wind.
