New York offshore Sunrise Wind project cleared for construction The 924-MW project is expected to be in operation by 2026, according to developers Ørsted and Eversource Energy. Read more: https://postly.app/3Z87 #construction #constructionjobs #constructiontrends #infrastructureconstruction #renewableenergy
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Offshore Update: Equinor, Ørsted Sign New Empire Wind 1, Sunrise Wind Contracts with New York State The weighted average all-in development cost of the two awarded offshore wind projects over the life of the contracts is USD 150.15/MWh (approx. EUR 138/MWh). The 810 MW Empire Wind 1 is already moving towards the construction phase as Equinor received final approval. Ørsted's Sunrise Wind has 924 MW. This value of EUR 138/MWh is higher than EUR 86.45 per MWh, value that the consortium between Belgium-based Elicio and BayWa r.e. has won the AO5 tender in France to develop and operate the country's first floating offshore wind farm, the 250 MW Pennavel project. On the other hand in this fourth solicitation by NYSERDA only european companies have won the tender... US companies are not winning any in their own soil, I mean sea... Something to think about why... #Portugal #Spain #solarpv #wind #sps #wps #solarplusstorage #windplusstorage #ess #energystoragesystems #greenhydrogen #hydrogen #energytransition #sustainablefinance #climatechange #climatefinance #cleanenergy #renewableenergy #sustainability #innovation #cleantech #renewables #energytransition #cleanenergy #energysector #greeneconomy #renewableenergy #greenhydrogen #sustainablefinance #greenfinance #alternativeenergy #powergeneration #sustainableinvesting #batteries #energystorage #powermarkets #innovation #oilmarkets #oilandgas #linkedinnews #linkedinfinance #hydrogenenergy #hydrogeneconomy #energy #pv #solarenergy #climate #bess #solar #solarpower #power #developer #projects #offshore #windoffshore #floatingwind #floatingoffshorewind #bioethanol #offshorewind .https://lnkd.in/d7wpWYus
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𝗖𝗣𝗨𝗖'𝘀 𝗢𝗳𝗳𝘀𝗵𝗼𝗿𝗲 𝗪𝗶𝗻𝗱 𝗣𝗿𝗼𝗰𝘂𝗿𝗲𝗺𝗲𝗻𝘁 𝗣𝗮𝘁𝗵 𝗳𝗼𝗿 𝟳.𝟲 𝗚𝗪 𝗯𝘆 𝟮𝟬𝟯𝟳 🌬️ The California Public Utilities Commission (CPUC) has proposed a decision to run three offshore wind solicitations, aiming for up to 7.6 GW of installed capacity by June 2035. The decision, driven by bill AB 1373 signed by Governor Gavin Newsom, focuses on the centralized procurement of long lead-time resources. CPUC plans for up to 10.6 GW across four technologies: floating offshore wind, enhanced geothermal systems, multi-day long-duration energy storage, and LDES with at least 12-hour discharge. The procurement timeline for offshore wind spans three rounds in 2027, early 2029, and late 2029. Offshore Wind California welcomed this significant increase from previous considerations. Great news for California's renewable energy future! 🌟 #CPUC #OffshoreWind #RenewableEnergy #California #Sustainability #GreenEnergy #RoCConsult #ProjectManagement #Infrastructure #CleanEnergy #EnergyTransition
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On 27 March, the UK Government opened the sixth allocation round (AR6) of the Contracts for Difference (CfD) scheme which will continue until 19 April 2024. The round will see a range of renewable technologies, including offshore wind compete for the government's support. Applications may be submitted via National Grid ESO's EMR Portal. The results are expected to be published at some point this summer. The UK's fifth CfD round closed in September last year and saw the UK government awarding 3.7 GW of renewable energy projects, however, none of those were offshore wind farms as offshore wind developers placed no bids. Round 5 comprised two auction Pots: Pot 1 for established renewable energy technologies, including fixed-bottom offshore wind, and Pot 2 for less established technologies, including floating offshore wind. In November 2023, the government announced that it increased the maximum strike price for offshore wind projects in the next CfD auction by 66 per cent for fixed-bottom and by 52 per cent for floating wind projects. AR6 has the largest budget of any CfD round yet and comprises a range of renewable technologies, including offshore wind, solar, onshore wind, and tidal stream, competing for support across three separate auction pots, with the lowest-priced bids being successful. The majority of the budget (approximately EUR 1.2 billion) is earmarked for offshore wind, GBP 800 million (about EUR 934 million). In February, Iberdrola unveiled that the company is getting the East Anglia One North and East Anglia Two offshore wind projects ready for the AR6. The 800 MW East Anglia One North and the 900 MW East Anglia Two, proposed to be built more than 30 kilometres off the coast of Suffolk, received development consent in March 2022. #renewableenergy #offshorewind #uk #engineering #auction #carbon60 #energy #wind
UK's Sixth Contracts for Difference Round Open
https://www.offshorewind.biz
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💚 Enabling the shift to zero-emission targets is no easy feat, it takes an army and some... so while we are playing a small role by filling a critical infrastructure gap, the entire ecosystem needs to shift together. ⚡ That is; across all layers of the ecosystem, from private, public, government to community. We all must engage to make pathways for a better future. 👏 We are encouraged by taking necessary steps forward and removing barriers to achieve critical goals.
As an innovative infrastructure company, we wholeheartedly support government ambitions with UK wind projects. The lifting of the #onshorewind ban is a crucial step towards the UK meeting its Net Zero ambitions. Investing in these projects advances clean energy initiatives and paves the way for a more sustainable future. We look forward to further investments in offshore floating wind projects, which can harness deep-water wind power and significantly contribute to the renewable energy mix. At ELIRE Infra, our engineered #SmartHubs and floating #infrastructure solutions will facilitate the execution, organisation, and storage of operations. Strategically situated near shorelines and #ports, these solutions play a crucial role in bringing large-scale #offshorewind projects to fruition, enabling scalability and economic feasibility. #energytransition #netzero #renewables #energy
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𝗖𝗣𝗨𝗖'𝘀 𝗢𝗳𝗳𝘀𝗵𝗼𝗿𝗲 𝗪𝗶𝗻𝗱 𝗣𝗿𝗼𝗰𝘂𝗿𝗲𝗺𝗲𝗻𝘁 𝗣𝗮𝘁𝗵 𝗳𝗼𝗿 𝟳.𝟲 𝗚𝗪 𝗯𝘆 𝟮𝟬𝟯𝟳 🌬️ The California Public Utilities Commission (CPUC) has proposed a decision to run three offshore wind solicitations, aiming for up to 7.6 GW of installed capacity by June 2035. The decision, driven by bill AB 1373 signed by Governor Gavin Newsom, focuses on the centralized procurement of long lead-time resources. CPUC plans for up to 10.6 GW across four technologies: floating offshore wind, enhanced geothermal systems, multi-day long-duration energy storage, and LDES with at least 12-hour discharge. The procurement timeline for offshore wind spans three rounds in 2027, early 2029, and late 2029. Offshore Wind California welcomed this significant increase from previous considerations. Great news for California's renewable energy future! 🌟 #CPUC #OffshoreWind #RenewableEnergy #California #Sustainability #GreenEnergy #RoCConsult #ProjectManagement #Infrastructure #CleanEnergy #EnergyTransition
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Iberdrola's offshore wind 'megaproject' receives first authorization from the Biden Administration #windenergy #offshoreWind #energytransition #renewableenergy #electricalpower #power #renovables #windpower #decarbonization #sostenibilidad #energy #environmental #future #innovation The New England's new offshore wind farm, consisting of New England Wind 1 and New England Wind 2, could together provide up to 2 GW of installed capacity of clean energy. Located in Massachusetts, it will create up to 9,200 full-time jobs during all phases of the project and bring $8 billion in direct investments to the region. New England Wind 1 is exceptionally advanced for commissioning and, if finally selected, the project, which would be located about 50 kilometres south of Barnstable, Massachusetts, could begin construction in 2025. The Federal Register of Decision ( ROD) together with the Approval of the Construction and Operations Plan (COP), scheduled for 2024, is an important milestone in obtaining permits for the construction of the future park. ER - April 3, 2024 Celia García-Ceca
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The offshore sector saw a lot of records broken last year, but there's potential for a massive one to be broken in this one. Based on the number of bids for offshore wind farms, the UK could double its offshore wind capacity this year. In real terms, the UK currently has 14.7GW of fully operational offshore wind, and the potential new capacity currently sits at 14.9GW. It's up to the government, but it seems like a no-brainer to us: https://bit.ly/42OL9O2 #Renewables #Sustainability #Engineering #Offshore
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2024 is set to be the busiest year ever for offshore wind, with over 20 auction processes expected globally. That’s just one of several factors in our review of offshore wind in more than 25 countries that provide reasons for optimism in the sector’s future despite challenges in the last year. Orrick’s 2024 Global Offshore Wind Report also shows that, in 2023: - Global investment reached nearly US $60 billion in new projects estimated to generate approximately 20 GW of capacity. - Over 6 GW of projects went into operation, raising total global operational capacity to nearly 65 GW. Significant challenges remain, including continued inflation, financing costs/liquidity and the need to upgrade grid infrastructure to distribute power generated offshore. Yet, we expect ambitious renewable-energy growth targets to increase interest and inspire innovation in offshore wind in 2024 and beyond. Register via the link below to read the full report. #TeamOrrick #offshorewind
Orrick’s 2024 Global Offshore Wind Report: Energy Transition Targets to Drive Growth
orrick.com
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🔊 The UK government's award of a Contract for Difference for the 400MW Green Volt floating wind project off Scotland signals strong confidence in the country's ability to lead in floating offshore wind technology. 🎯 Developed by Flotation Energy and Vårgrønn, the £2.5bn project secured a competitive rate of £139.93/MWh in the AR6 auction, well below the maximum available. The project, part of the UK’s Innovation and Targeted Oil and Gas initiative, aims to power oil and gas platforms during the energy transition while supplying clean energy to the UK grid. ✅ It is expected to create over 2,800 jobs and boost investment in port infrastructure. #offshorewind #floatingwind #renewableenergy #windenergy #offshorefloatingwind
Green Volt CfD ‘boosts UK floating wind’
renews.biz
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As an innovative infrastructure company, we wholeheartedly support government ambitions with UK wind projects. The lifting of the #onshorewind ban is a crucial step towards the UK meeting its Net Zero ambitions. Investing in these projects advances clean energy initiatives and paves the way for a more sustainable future. We look forward to further investments in offshore floating wind projects, which can harness deep-water wind power and significantly contribute to the renewable energy mix. At ELIRE Infra, our engineered #SmartHubs and floating #infrastructure solutions will facilitate the execution, organisation, and storage of operations. Strategically situated near shorelines and #ports, these solutions play a crucial role in bringing large-scale #offshorewind projects to fruition, enabling scalability and economic feasibility. #energytransition #netzero #renewables #energy
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