Monthly Archives: July 2024

The Haewoori offshore wind project in South Korea has successfully concluded its Environmental Impact Assessment (EIA) consultation.

The project is led by Copenhagen Offshore Partners (COP) on behalf of Copenhagen Infrastructure Partners (CIP), through its CI V fund.

The 1.5GW floating wind farm will be situated 80km offshore Ulsan.

The EIA process is a critical component in ensuring that the potential environmental impacts of the project on both offshore and onshore ecosystems are thoroughly evaluated.

This includes assessing the effects on marine and onshore environmental quality, noise levels and socioeconomic factors.

Copenhagen Offshore Partners has been actively engaging with local governments and the public to gather and incorporate feedback.

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The completion of the EIA consultation with the Ministry of Environment (MOE) and Ministry of Trade, Industry and Energy confirms that the project adheres to environmental standards.

COP Korea co-CEO and Haewoori offshore wind CEO Jonathan Spink stated: The completion of the EIA consultation is meaningful as we focus on corporate social responsibility and sustainable development across our entire floating offshore wind portfolio in Ulsan.

Haewoori is committed to making continuous efforts to closely follow what we have discussed with MOE and actively communicate with relevant agencies in case of unexpected impact during consultation as a responsible member of the local community.

In February 2024, Aker Solutions was awarded a contract to carry out the front-end engineering and design (FEED) for the Haewoori offshore wind 2 and 3 projects.

The contract was awarded by CIP, the developer of the wind farms.

Aker Solutions will manage the design and delivery of floating foundation structures for the two projects.

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South Koreas Haewoori offshore wind project completes EIA consultation - Power Technology

Following a blade damage incident that took place on 13 July at its 800 MW offshore wind project in Massachusetts, Vineyard Wind has revealed that it is mobilising debris recovery teams on Nantucket.

Vineyard Wind, a joint venture between Iberdrolas US subsidiary Avangrid and Denmarks Copenhagen Infrastructure Partners (CIP), announced on 16 July that it will deploy trained individuals to walk the southern-facing beaches of the island for the recovery of debris. Patrol teams will inspect the areas in the morning and evening.

Teams will visit Miacomet Beach and the Southeastern tip of Nantucket, including Nobadeer Beach, Madequecham Beach, Pebble Beach, Tom Nevers Beach, Low Beach, and Sconset Beach, or other areas where debris may wash ashore.

So far, Vineyard Wind recovered three large fragments and will continue to monitor the offshore area for any floating debris with aerial overflights and vessel patrols, the company said.

The debris consists of non-toxic fiberglass fragments ranging in size from small pieces to large sections, typically green or white in colour, according to Vineyard Wind.

Any potential debris washing ashore will be pieces 1 square foot or less, which should only be picked up and collected by patrol teams, said the developer.

In addition to deploying two teams of four individuals, Vineyard Wind said it remains focused on ensuring the safety of personnel and mariners in the offshore area and continues to work with the US Coast Guard to maintain a safety zone of 500 metres around the impacted turbine offshore.

To remind, a turbine blade at the Vineyard Wind 1 offshore wind farm was damaged on Saturday evening. The company confirmed in a statement that no personnel or third-party contractors were present in the area at the time.

Located 15 miles (approximately 24 kilometers) off the coast of Massachusetts, the offshore wind farm is set to feature 62 GE VernovasHaliade-X 13 MW wind turbines, each with a 220-meter rotor and 107-meter blades.

GE, as the projects turbine and blade manufacturer and installation contractor, will be conducting an analysis into the root cause of the incident.

A GE Vernova Spokesperson said: On July 13, a single turbine at the Vineyard Wind offshore wind farm experienced an isolated blade event. No injuries occurred, and GE Vernovas Wind Fleet Performance Management team have initiated our investigation protocols into the event in coordination with our customer.

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Vineyard Wind Commences Debris Recovery Following Turbine Blade Incident - Offshore WIND

A new cable manufacturing facility is coming to Chesapeake, Virginia, and you wont be able to miss it.

The building is slated to reach around 700 feet off the ground. It will be the tallest building between Charlotte and Philadelphia. For reference, the Washington Monument is about 550 feet tall. The Westin at Town Center in Virginia Beach, currently Virginias tallest building, is 508 feet tall. Its function? To build the cables that run under the bottom of the ocean to service the offshore wind industry.

LS GreenLink USA is building the facility. LS GreenLink is a subsidiary of LS Cable & System of South Korea. They have multiple facilities in the United States. The plant in Chesapeake will construct undersea cables for offshore wind projects. Patrick Shim, the Managing Director for LS GreenLink, explained why the building has to be so tall. LS GreenLink uses gravity to make miles of cable at once. Gravity naturally pushes material down and makes tighter cables.

Governor Glenn Youngkin said, LS GreenLinks investment in Virginia will showcase the Commonwealth as a leader in offshore wind industry manufacturing. LS GreenLink has recognized that Virginia has the skilled talent, world-class logistics location, and business environment that will allow it to serve its growing global customers for submarine power cables.

The Chesapeake location competed with 15 other locations for the factory, one of which was in nearby Norfolk. Chesapeake won for a variety of reasons. The Chesapeake Property was for sale, and LS GreenLink wanted to own the property. The site is on the Elizabeth River, near Paradise Creek. The building may literally cast a shadow on neighboring properties. In addition, LS GreenLink received $13.2 million from the Commonwealth of Virginia, and $100 million in tax credits from the federal Inflation Reduction Act. The facility will cover 750,000 square feet and should offer over 300 full-time jobs.

It is not known if the height of the building will pose problems for aircraft. Helicopters from Navy Base Norfolk routinely fly up and down the Elizabeth River. The route is frequented by Coast Guard aircraft coming in from Elizabeth City. Chesapeake Bay Magazine reached out to the Navy public affairs office for comment, but has not yet received a response.

LS Cable and System develop and provide cable solutions for power grids and communication networks around the world. They have over 6,450 employees and 35 subsidiaries in 17 countries. The Virginia Economic Development Partnership worked with the City of Chesapeake, the Hampton Roads Alliance, and the Virginia Maritime Association to secure the project for Virginia. The company is eligible to receive state benefits from The Port of Virginia Economic and Infrastructure Development Zone Grant Program.

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Offshore Wind Cable Plant Planned for Chesapeake, VA, to be Tallest Tower in Mid-Atlantic - Chesapeake Bay Magazine

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Blade collapse, New York launch and New Jersey research show uneven progress of offshore wind - The Caledonian-Record

RWE has been granted a feasibility licence from the Australian government for the development of an offshore wind farm close to the Kent Group islands in the Bass Strait, off the Gippsland coast in the state of Victoria. This area is Australias first designated offshore wind zone.

This licence approval grants RWE, a key global player in renewable energy, an exclusive seven-year seabed right to develop the Kent offshore wind farm project. The approval also allows RWE to apply for a commercial licence to build and operate the wind farm for up to 40 years.

The lease area awarded to RWE has the potential to host a wind farm with up to 2 GW of capacity, enough to power up to 1.6 million Australian homes with green electricity. The site is about 67 km off the coast and has average water depths of 59 m. The wind farm is expected to become operational in the first half of the 2030s, subject to the timing of the planning and approvals process, secured offtake, as well as grid connection.

Sven Utermhlen, CEO of RWE Offshore Wind, said: Australia is a very attractive growth market for renewable energy. RWE has been active in the country for 10 years and operates one of Australias largest solar farms. By securing exclusive seabed rights in the Bass Strait off Gippsland, we are now entering the Australian offshore wind market and will bring our more than 20 years of experience in this field. With the Kent project, we will work on developing one of the first offshore wind farms off the Australian coast. This is in line with our strategy to grow our renewables portfolio in Australia and the wider APAC region.

The next step for RWE in the further development of this early-stage project is to carry out studies to help determine the project design and to submit applications for planning permission. RWE will also engage with key stakeholders, First Nations groups and other communities. Another key milestone in the projects development at a later stage is to secure an offtake agreement.

The Summer 2024 issue of Energy Global starts with a guest comment from Terrawatt on the streamlining of the permitting process in Italy, before moving on to a regional report from Frost & Sullivan on the energy landscape in Asia Pacific. This issue looks at key topics such as wind installation vessels, offshore wind turbine foundations, weather analysis, solar maintenance, and more!

Read the article online at: https://www.energyglobal.com/wind/17072024/rwe-secures-first-offshore-wind-site-in-australia-with-capacity-of-up-to-2-gw/

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RWE secures first offshore wind site in Australia with capacity of up to 2 GW - Energy Global

Saudi Arabia has seen its International Monetary Fund growth projections downgraded, in a move that reflects the oil-producing giants recent decision to reduce output.

The kingdoms gross domestic product will rise by 1.7% in 2024, a sizeable fall from the global organisations April estimate of 2.6%. The fund estimates global GDP to rise by 3.2% in 2024.

The Saudi government recently pushed through production cuts for OPEC and OPEC+ members, reducing crude output in 2023 to maintain what it sees as an acceptable oil price. The cuts will continue for some months.

The fund, which tries to push sustainable economic growth, also lowered Saudi Arabias projection for next year to 4.7%, from the figure of 6% previously published.

However, Saudi Arabias economy, as part of a deliberate policy of diversification, is becoming less reliant on oil production for its revenue.

The kingdoms Ministry of Economy and Planning recently revealed that non-oil revenues hit 50% of the kingdoms GDP in 2023.

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The country raised more than $12bn (SR45bn) a few weeks ago, from selling additional shares in state-owned Aramco, after the offering was increased for the energy giant.

The company, one of the most valuable in the world, raised $1bn more than expected from the stake sale.

The revenue will likely go towards helping Saudi Arabia diversify its economy away from oil and gas production under the kingdoms Vision 2030 plan.

The decision to downgrade was entirely down to the production cuts, said a senior IMF representative at a press conference on Tuesday.

Saudi Arabia remains the worlds biggest petroleum exporter, but lowered its output to nine million barrels a day (mmbl/d) last year.

But, it seemingly kept hold of some of its oil in June, with sea-based exports dropping substantially. It contributed to a global reduction in seaborne oil movements of just over one million barrels a day, the biggest monthly drop of the year.

The nation, which holds around 17% of the worlds proven crude oil reserves, accounted for around half of the decline, reported Bloomberg, after assessing ship-tracking data.

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Saudi oil cut prompts IMF to downgrade kingdoms growth projections - Offshore Technology

In the 17 July 2024 speech, King Charles said, My government recognises the urgency of the global climate challenge and the new job opportunities that can come from leading the development of the technologies of the future. It is committed to a clean energy transition which will lower energy bills for consumers over time.

A Bill will be introduced to set up Great British Energy, a publicly owned clean power company headquartered in Scotland, which will help accelerate investment in renewable energy such as offshore wind. Legislation will be brought forward to help the country achieve energy independence and unlock investment in energy infrastructure.

The government said a Great British Energy Bill will be introduced to set up Great British Energy, which will own, manage and operate clean power projects, investing in partnership with the private sector. It will have a capitalisation of 8.3Bn (US$10.8Bn) of new money over the Parliament.

The Bill gives the Secretary of State the ability to provide Great British Energy with the financial backing needed for it to meet its aims and ambitions. The Secretary of State will be required to prepare a strategic priorities statement for Great British Energy, to ensure it focuses its efforts on government priorities.

The Bill will also modernise The Crown Estate by removing outdated restrictions on its activities, widening its investment powers and giving it the powers to borrow in order to invest at a faster pace. These measures - which conform to our fiscal rules - will unlock significant investment in public infrastructure for the benefit of the nation, said the government in a background brief on the Kings Speech, and unlock investment needed to accelerate and quadruple offshore wind capacity by 2030 as part of the governments clean power mission.

The content of the speech was welcomed by Renewable UK. Commenting on the measures announced in it, RenewableUK executive director of policy Ana Musat said, The Kings Speech provides a range of welcome measures that are essential for accelerating the energy transition and generating economic growth. It is particularly welcome to see the announcement of a Planning and Infrastructure Bill, to ensure that essential infrastructure can be deployed without delay.

Setting up Great British Energy to mobilise investment into renewables and support engagement with local communities will also play an important role in helping us meet our deployment targets. Ensuring this institution works well alongside the National Wealth Fund and other financial institutions will be essential to enable the private sector to mobilise the finance required to deliver the energy transition: in offshore wind alone, 100Bn of private investment will be needed to deliver Labours target of 60 GW by 2030.

We look forward to working with the government to ensure the mandate of GB Energy accelerates deployment of key technologies, including onshore wind, floating offshore wind and long-duration energy storage, guided by an industrial strategy and a strong partnership between business and government. Getting that framework right so that we can secure the maximum amount of private capital is essential to realise the governments ambition to transform the UK into a clean energy superpower.

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News Content Hub - Kings Speech specifically references investment in offshore wind - Riviera Maritime Media

(WO) Reuters has reported that ExxonMobil is planning a potential 30-well drilling campaign for its seventh oil and gas project offshore Guyana, named Hammerhead.

ExxonMobil's Liza Destiny

Hammerhead aims to start production in 2029, boosting Guyana's oil production capacity to over 1.4 MMbpd.

Exxon, along with partners Hess Corp and China's CNOOC, expects Hammerhead to produce between 120,000 and 180,000 bpd, which is less than the 250,000 bpd from its largest vessels offshore Guyana.

The project will include a floating production unit, converted from a Very Large Crude Carrier (VLCC), capable of storing 1.4 to 2 MMboe. This unit will be located 15 km (9 miles) southwest of Exxon's Liza Destiny vessel.

According to ExxonMobils website, Hammerhead was discovered in August 2018. Hammerhead is ExxonMobils ninth oil discovery in the prolific Stabroek Block offshore Guyana.

This story was originally reported by Reuters.

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BREAKING NEWS: ExxonMobil unveils 30-well drilling campaign for seventh oil and gas project offshore Guyana - WorldOil

France has announced a significant increase in its investment in offshore wind power for 2024. The government plans to triple current installed capacity from 3.6 GW to 12 GW by 2030. This effort is an essential part of the national energy strategy aimed at diversifying energy sources and reducing dependence on fossil fuels.

To achieve this objective, public and private investments of over 10 billion euros are planned. Recent invitations to tender for the construction of new offshore wind farms target strategic areas, notably off the coasts of Normandy and Brittany. These regions offer strong wind potential, which is crucial for maximizing energy production. The French government has already awarded several contracts to major companies in the sector, including Siemens Gamesa and General Electric, for the supply and installation of the turbines. These companies are chosen for their technological expertise and their ability to provide robust, reliable solutions adapted to maritime conditions.

The expansion of offshore wind power in France will play a key role in the evolution of the energy market. By increasing its production of renewable energy, France aims to reduce its imports of fossil fuels and stabilize energy costs over the long term. In addition, the increase in installed capacity should enable France to strengthen its position in the European energy market, by becoming a net exporter of renewable electricity. Current and future offshore wind projects should also have an impact on electricity prices, with a possible reduction in costs for consumers thanks to increased and more stable production.

However, this expansion is not without its challenges. Financing these projects requires considerable capital mobilization and close coordination between the public and private sectors. Whats more, integrating this new capacity into the national grid will require significant improvements to transmission infrastructure. Despite these challenges, opportunities abound. Increased offshore wind capacity could boost the local economy, particularly in the regions where the wind farms are built, by creating jobs and attracting additional investment. France is making major strategic investments in offshore wind power, with ambitious targets for 2030. These investments should strengthen the countrys position in the renewable energy market and deliver substantial economic and energy benefits. The success of this initiative will depend on the countrys ability to overcome financial and infrastructural challenges, while capitalizing on the opportunities offered by this energy transition.

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France to invest massively in offshore wind power by 2024 - Energynews

Macquarie Asset Management is to gain full ownership of the Lynn and Inner Dowsing offshore wind farms in the UK by acquiring the remaining 39.25% stake currently held by BlackRock.

The 194MW Lynn and Inner Dowsing, located off the coast of Lincolnshire, have been operational since 2009.

Macquarie GIG Renewable Energy Fund 1 acquired its 60.75% stake in Lynn and Inner Dowsing in2016 as part of a consortium.The deal at the time involvedCentrica and EIG Global Energy Partnerssellingthe Glens of Foudland, Lynn and Inner Dowsing wind farms to the consortium which included funds managed by BlackRock, for an enterprise value of 423m (504m).

Macquarie said it intends to buy the additional stake through the Macquarie GIG Renewable Energy Fund 2 and a Macquarie Asset ManagementPrivate Wealth Fund. Financial details were undisclosed.

Jonathan Duffy, managing director at MAM Green Investments at Macquarie, said: Delivered as part of the renewables obligation scheme, Lynn and Inner Dowsing helped lay the groundwork for the UKs leadershippositions today in the energy transition and offshore wind sectors.

Ensuring the successful operation ofthese projects into the future, alongside the continued scaling-up of offshore wind capacity, will be key tomeeting the UKs energy security ambitions and we are proud to be supporting this journey.

To read the latestIPE Real Assets magazineclickhere.

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Macquarie takes full control of Lynn and Inner Dowsing UK offshore windfarms - IPE Real Assets