Renewables

The Bureau of Ocean Energy Management (BOEM) has announced three final Wind Energy Areas (WEAs) offshore Delaware, Maryland, and Virginia, which were developed following extensive engagement and feedback from states, Tribes, local residents, ocean users, federal government partners, and other members of the public. If fully developed, the final WEAs could support between four and eight gigawatts of energy production.

The Japanese utility Kansai Electric Power Corporation (KEPCO) has signed an agreement with Saitec Offshore Technologies, joining the DemoSATH project as a strategic partner and co-investor. KEPCO's involvement further strengthens the project's foundation and accelerates its progress.

Enabling FID

CPPAs are playing a key role in enabling offshore wind final investment decisions (FIDs) in jurisdictions where zero-subsidy bidding has become common. The securing of long-term offtake (either from government or, as here, a corporate) plays a significant role in making a project bankable, which is usually necessary for it to move forward. Three types of CPPA-backed FIDs have been seen so far.

Offshore Source Logo

Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.

Any views or opinions represented on this website belong solely to the author and do not represent those of the people, institutions or organizations that Offshore Source or collaborators may or may not have been associated with in a professional or personal capacity, unless explicitly stated.

Corporate Offices

Technology Systems Corporation
8502 SW Kansas Ave
Stuart, FL 34997

info@tscpublishing.com