Renewables

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.

The Maine Legislature has passed a bill advancing the state’s offshore wind industry, with Governor Mills expected to now sign the bill into law. The bill calls for Maine to procure 3 GW of offshore wind power generation by 2040, enough to power 900,000 homes and supply half of the state’s total electricity demand.

PGS offers solutions to the ongoing energy transition through its New Energy business area. By building on its subsurface and operational expertise and assets, PGS aims to develop New Energy into a significant business.

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.

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.

Earlier this year, Benthic, a Geo-services brand in Acteon’s Data and Robotics division, completed a site investigation comprising cone penetration tests (CPTs) using its portable remotely operated drill (PROD) that has enabled the design of foundations for about 100 wind turbines and two offshore substations for the Baltyk II and III wind farms offshore Poland in the Baltic Sea.

The Business Network for Offshore Wind, the leading organization working to accelerate offshore wind energy deployment and build a dedicated supply chain, will bring its Global Gateway export program to South America for the first time this fall.

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