Hexicon AB (Hexicon) signed a Sales and Purchase Agreement (SPA) to take full ownership of MunmuBaram Co., Ltd. from its joint venture partner Shell Overseas Investments B.V. Under the agreement, Hexicon AB will increase its stake in the project from 20% to 100%, increasing the project portfolio by 900 MW. Completion of the transaction is subject to regulatory approval.

In support of the Biden-Harris administration’s goal of deploying 30 gigawatts of offshore wind energy capacity by 2030, the Bureau of Ocean Energy Management (BOEM) announced its approval of Empire Wind’s Construction and Operations Plan (COP), which authorizes construction and operation of the wind energy project offshore. This is the project’s final approval from BOEM, following the agency’s Record of Decision approving the project in November 2023.

The offshore wind industry knows it can do better. While its potential is undeniable, challenges remain and acknowledging its shortcomings is crucial for progress. Oceanology International 2024 aims to confront these challenges with a unique series of interactive sessions, “Offshore Wind: We Know it's not Working as Well as it Could be... So Why aren't we Changing?”

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