Maersk Family Dips Toe in Renewables with Wind Turbine Supplier Acquisition

July 10 (Reuters) - A.P. Moller Holding, which controls Danish shipping giant A.P. Moller-Maersk will acquire Danish wind turbine supplier KK Group, it said on Wednesday, in a first step into the renewable energy industry. The acquisition marks a new direction for the family-owned company, which has built its business on the shipping and oil industry. The parties declined … [Read more...]

Resolve Marine and Bibby Partnership Targets Jones Act-Compliant Offshore Wind Vessels

Resolve Marine Group has signed a Memorandum of Understanding with U.K.-based "walk-to-work" specialist Bibby Mariner Services to jointly develop Jones Act-compliant vessels for the emerging offshore wind sector in the United States. Fort Lauderdale, Florida-based, family owned Resolve has nearly four decades of experience as a Jones Act operator. The company says the … [Read more...]

Second Offshore Wind Farm in United States Now Under Construction

By Christopher Martin (Bloomberg) --Dominion Energy Inc. began work to install cables for a wind farm in the Atlantic Ocean near Virginia, marking the start of construction on the second such facility off the U.S. coast. The Richmond, Virginia-based utility owner is working with Denmark’s Orsted A/S to install the two 6-megawatt turbines 27 miles (43 kilometers) east of … [Read more...]

Britain’s New Net Zero Emissions Target Becomes Law

By Susanna Twidale LONDON, June 27 (Reuters) - Britain's new target to reach net zero greenhouse gas emissions by 2050 became law on Thursday, making it the first among the major G7 countries to set such a goal. Outgoing Prime Minister Theresa May had announced the target earlier this month, saying the plans were ambitious but crucial for protecting the planet for future … [Read more...]

Abu Dhabi Rig Builder Plans Expansion Into Offshore Wind Power

By Mahmoud Habboush (Bloomberg) --An Abu Dhabi-based company that builds drilling platforms for oil giant Saudi Aramco plans to diversify into renewable energy by supplying gear for offshore wind farms. National Petroleum Construction Co. is bidding for wind projects in the North Sea and monitoring wind-equipment tenders coming out of India and Southeast Asia, Chief … [Read more...]