Floating wind developer Hexicon has appointed China's Mingyang as the preferred wind turbine generator (WTG) supplier for its TwinHub project in the Celtic Sea. Hexicon has also awarded the firm the WTG front end engineering and design (FEED) contract for the project.The 32MW project is expected to be commissioned and exporting clean power between 2025 and 2027.“A strong and lasting collaborating with…
The British government should introduce a price floor to mitigate the impact of its new windfall tax on the sector as some companies struggle with reduced access to funding, executives and industry sources say. They say the brake on capital…
UK's government is considering a plan to extend windfall taxes on oil and gas companies' profits, a government source said on Thursday, confirming a report in The Times which said the rate could be increased from 25% to 30% until 2028. The source…
Tidal stream energy could plummet below £80 per MWh by 2035 if current opportunity is realized, according to a recent report by the UK-based Offshore Renewable Energy (ORE) Catapult.The report ‘Cost Reduction Pathway of Tidal Stream Energy in the UK and France’ report…
A new industry partnership is set to support the UK’s floating wind industry by identifying offshore storage areas for wind turbines awaiting installation in the Celtic Sea. The TS-Flow JIP, led by Offshore Solutions Group and delivered in partnership with HR Wallingford…
A trio of new low-carbon technologies could create 26,000 new UK energy jobs by 2030, according to Robert Gordon University research commissioned by Offshore Energies UK (OEUK).Many of the new jobs would be in coastal communities stretching around the UK…
British lawmakers approved a 25% windfall tax on oil and gas producers in the British North Sea on Monday, which the government says will raise 5 billion pounds ($5.95 billion) in one year to help people struggling with soaring energy bills…
Britain's main oil and gas sector said it had secured some changes to a planned windfall tax but is seeking further allowances from the new Finance Minister Nadhim Zahawi, with the bill set to go through parliament on Monday.Former finance minister Rishi Sunak…
Hexicon AB’s TwinHub floating wind project in the Celtic Sea was successful in the latest UK Government's Contracts for Difference (CfD) Allocation Round (AR4). Hexicon has been awarded a CfD for its 32MW floating wind project at a strike price of £87…
A consortium of Aker Solutions, Siemens Energy and Doosan Babcock has been awarded the front-end engineering and design (FEED) contract for SSE Thermal and Equinor’s proposed Keadby 3 Carbon Capture Power Station, which could become the UK’s first power station with carbon capture and storage…
JDR Cable Systems (JDR) reached final agreement under the UK government’s Offshore Wind Manufacturing Scheme (OWMIS) on financial support for its new subsea cable manufacturing facility in Cambois, near Blyth, Northumberland.The agreement means JDR is on track to begin construction in summer 2022…
Scottish Secretary Alister Jack on Wednesday visited Teesside Freeport in Middlesbrough, with just over a week to go before bidding closes on the competition for the two Scottish Green FreeportsUK Freeports are special areas where different economic regulations apply…
The Crown Estate for England, Wales, and Northern Ireland said Monday it has committed £50million (around $62,7 million) to enable the coexistence of offshore wind farms with a thriving marine environment.Since the launch of the UK Government’s…
Offshore Design Engineering Ltd (ODE) has been selected by ERM Dolphyn to provide topside FEED support to the commercial demonstration phase of the ERM Dolphyn (Deepwater Offshore Local HYdrogeN) project in the UK.The ERM Dolphyn project seeks…
The UK government on Friday appointed Tim Pick as the UK's first Offshore Wind Champion, as a £160 million (around $199,6 million) floating offshore wind fund opens for expressions of interest.'Ambitious plans to expand offshore wind around…
