Latest News for: Project offshore contracting


As California leans into offshore wind power, do problems on the East Coast raise caution flags?

The Los Angeles Times 08 Dec 2023
That said, San Diego's General Dynamics NASSCO announced earlier this year that it will compete for contracts to build the installation and support ships that will be needed to create the turbines for West Coast offshore projects, with a focus on California.

Governments take action to keep offshore wind projects on track

Reuters 05 Dec 2023
LONDON, Dec 5 (Reuters) - Governments have decided to pay up to revive offshore wind farm developments after rising costs put at risk multiple projects that are needed to help them cut emissions and reach climate targets ... Offshore wind projects do have high upfront costs.

Great Lakes secures more offshore wind work

Splash24/7 05 Dec 2023
Houston-based Great Lakes Dredge & Dock Corporation has won its third subsea rock installation contract for an offshore wind project off the US East Coast ... to carry out the project.

The renewables business faces a make-or-break moment

Economist 04 Dec 2023
These price rises have combined with higher interest rates to push up the LCoE for American offshore-wind projects by 50% over the past two years, calculates BloombergNEF, a research firm—even after including subsidies wrapped up in the Inflation Reduction Act (IRA), President Joe Biden’s mammoth climate law.

Heavy lifting will pay off for American offshore wind

The Hill 02 Dec 2023
After bidding and contracting for long-term prices based on a pre-COVID financial outlook, the ground shifted substantially underneath the global economy and the offshore wind industry ... Rebidding projects swiftly, efficiently, and in consideration of ongoing permitting and contracting processes is critical to offshore wind’s build out.

PVS likely to win auction of Lạc Đà Vàng oil field

Vietnam News 01 Dec 2023
Until now, PVS has secured contracts to participate in offshore wind projects with a total capacity of over 10 GW. In May, for example, PVS signed a contract for the manufacture and construction of 33 wind turbine structural support for an offshore wind project in Taiwan (China) ...

NY launches offshore wind solicitation as it strives to meet green goals

Reuters 01 Dec 2023
Offshore wind developers have threatened in recent months to cancel contracts to sell power in New York after earlier dropping agreements in Massachusetts, Connecticut and New Jersey as soaring inflation, interest rates and supply chain problems led to much higher costs to build projects than anticipated.

US offshore wind warnings pile pressure on 2024 auctions

Reuters 01 Dec 2023
offshore wind projects hangs in the balance after soaring costs prompted developers to cancel offtake contracts and write down billions of dollars ... Orsted, the world's largest offshore wind developer, ceased the development of its 2.2 GW Ocean Wind 1 and 2 projects in New Jersey.

Despite setbacks, states are still counting on offshore wind

The Virginian-Pilot 30 Nov 2023
In recent months, East Coast states’ plans to install massive new offshore wind farms have been battered by bad economic news, canceled contracts and newfound uncertainty about the projects officials are counting on to reach their clean energy goals.

IMCA introduces contract on T&I works in offshore wind projects

SAFETY4SEA 29 Nov 2023
IMCA has published the industry’s first standard contract for transport and installation (T&I) works in offshore wind projects ... This first contract with a limited scope recognises the current reality of offshore wind construction including the development of increasingly complex project solutions.

MMHE seals landmark offshore wind contract

Splash24/7 29 Nov 2023
Malaysia Marine and Heavy Engineering (MMHE) has secured a contract for its first offshore wind project ... subsidiary of Malaysia Marine and Heavy Engineering Holdings Berhad (MHB), will work on an offshore substation for TenneT’s Ijmuiden ver Alpha project in the Netherlands.

Development framework needed for wind power sales

Vietnam News 28 Nov 2023
To date, PTSC had successfully won contracts for over 10 offshore wind projects with a total capacity of 5.2GW and a contract value exceeding US$1.2 billion, all of which would be for export ... Based on international case studies, Thập said it would typically take 6-8 years for an offshore wind project to be fully implemented.

New standard contract for offshore wind projects ensures a fairer distribution of risk

Hellenic Shipping News Worldwide 28 Nov 2023
... for transport and installation (T&I) works in offshore wind projects.

Autumn statement leaves UK lagging on green investment

The Observer 22 Nov 2023
Planning restrictions still prevent onshore wind from being built, there are plans afoot to further curtail solar on farmland, and no new offshore wind projects were successful during the last Contracts for Difference auction ... While this will be welcomed, it does not address the fact that so many green energy projects get refused.

New York's South Fork offshore wind project installs first of 12 turbines

Reuters 21 Nov 2023
Last week, the state offered a fresh solicitation as a lifeline to the troubled offshore wind industry which says its existing power sales contracts would not cover the cost of building and financing the projects ... planned projects at higher prices and exit their old contracts.

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AP / Alexander Kazakov, Sputnik, Kremlin Pool Photo