Offshore Support Vessels News

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• September 2023: Ørsted announced that the company entered its first solar project in the United Kingdom. The project, which will have a capacity of 740 MW, is located in Nottinghamshire near the border of Lincolnshire and is being co-developed with PS Renewables.
• June 2023: The UK Government approved the construction of the country's largest solar farm, large enough to power about 60,000 households, on farmland near Chelmsford. Longfield Solar Farm, which spans 380 hectares of intensive arable farmland near Terling, has the potential to generate enough electricity to supply four times the energy needs of all new dwellings planned for Chelmsford over the next 13 years.
• June 2023: AMPYR Solar Europe announced the acquisition of a 390 MWp Solar PV + BESS portfolio from Tyler Hill, which includes sites across the United Kingdom. The five projects have grid security and are being presented for planning approval. AMPYR Solar Europe will work with Tyler Hill to bring the assets to a "ready-to-build" level before beginning construction in 2024.

• March 2024: AMEA Power, a Dubai-based renewables developer, announced that it is progressing with its 500-MW Abydos solar project in Egypt. The project is located in Kom Ombo, Aswan governorate, and has power purchase agreements in place with the Egyptian Electricity Transmission Company (EETC).
• June 2023: A group of companies, including Abu Dhabi’s Masdar, signed an agreement with Egypt’s New and Renewable Energy Authority. The agreement is to secure land for a USD 10 billion wind farm. The farm will have a capacity of 10 GW and will produce 47,790 GW hours of clean energy annually.

• May 2023: SBM Offshore and Esso Exploration & Production Guyana entered a 10-year Operations and Maintenance Enabling Agreement. The agreement entails SBM Offshore being responsible for the operations and maintenance of four FPSOs: Liza Destiny, Liza Unity, Prosperity, and ONE GUYANA.
• April 2023: Following a major upgrade to enable gas production, Shell resumed operations at the Pierce field in the United Kingdom Central North Sea. The Haewene Brim floating production, storage, and offloading vessel (FPSO), utilized for hydrocarbon production at the Pierce field, underwent significant modifications. A new subsea gas export line was installed, connecting to the SEGAL pipeline system, which transports gas to the St Fergus facility north of Aberdeen. This development allows for the extraction of gas from the Pierce field, which had previously been focused solely on oil production.
• April 2023: KBR, headquartered in Houston, officially announced the unexpected acquisition of an engineering contract for Equinor's Bay du Nord project, valued at USD 9.4 billion and located in the offshore eastern region of Canada. The awarded contract encompasses the possibility of providing detailed design and procurement management services until the completion of the FPSO unit.

• May 2024: NYK Line collaborated with the Global Centre for Maritime Decarbonization (GCMD), based in Singapore, for a six-month project to trial marine biofuel for bunkering. The companies are expected to test a biofuel blend comprising 24% fatty acid methyl esters (FAME) and very low sulfur fuel oil (VLSFO) on a short-sea vehicle carrier, making stops at various ports.
• April 2024: French oil major TotalEnergies set up a joint venture with the Oman National Oil Company to supply liquified natural gas as a marine fuel. Marsa LNG Gas will cover upstream gas production and downstream gas liquefaction. LNG production is expected to start in the first quarter of 2028.

• April 2024: Leoch International announced the building of two additional lead battery manufacturing plants, one in Malaysia and the other in Mexico. In Malaysia, production test runs for the second plant could start in early 2025.
• May 2023: EVE Energy Co. Ltd signed a memorandum of understanding (MoU) with Pemaju Kelang Lama Sdn Bhd to develop a state-of-the-art manufacturing facility in Malaysia. The plant will be built in Kedah state. According to a joint statement from the Malaysian Investment Development Authority (MIDA) and EVE, it will focus on producing cylindrical lithium-ion batteries for power tools and electric two-wheelers.
• January 2023: Citaglobal Bhd collaborated with Indonesia Battery Corporation (IBC) to develop a battery manufacturing plant and battery energy storage system (BESS) in Malaysia. Citaglobal and IBC's collaboration includes designing, developing, and constructing integrated turnkey production facilities for battery cells, modules, and packs for electric vehicles (EVs).

• April 2023: ArcelorMittal announced that the company's Brazilian entity, ArcelorMittal Brazil, formed a joint venture with the Brazilian renewable energy company Casa dos Ventos to develop the 554 MW Babilonia wind power project. The project is expected to be developed at a cost of USD 800 million and will be located in the central region of Bahia, northeast Brazil. ArcelorMittal is anticipated to hold a 55% share in the joint venture, and the remaining share will be held by Casa dos Ventos.
• January 2023: Cepsa announced that it would build three new solar power projects in Castilla-La Mancha, Spain. The total capacity of the three solar energy farms is expected to be 400 MW. The projects are expected to be developed with an investment of USD 305 million in the towns of Campo de Criptana and Arenales de San Gregorio.
• May 2022: NJR Clean Energy Ventures (CEV) started construction on an 8.9-MW floating solar installation in Millburn, New Jersey, which is expected to be the largest floating array in the United States. The project uses a floating racking system, and 16,510 solar panels are expected to be installed on a reservoir located at the New Jersey American Water Canoe Brook Water Treatment Plant. The clean power generated by the array is anticipated to provide approximately 95% of the facility's annual power needs through a power purchase agreement with CEV.

• February 2024: Norwegian renewable energy developer Scatec started commercial operation of 150 megawatt solar PV plants in Pakistan. The solar power projects boast an annual generation capacity of 300 gigawatt hours. Scatec also signed a 25-year power purchase agreement with the Central Power Purchasing Agency of Pakistan.
• October 2023: The Pakistan Water and Power Development Authority of Pakistan (WAPDA) announced issuing a tender notice inviting proposals for the installation, design, commissioning, and testing of a substantial 300 megawatt Floating Solar PV Plant. The project is to be located within the Tarbela - Barotha Hydropower Complex in Pakistan.

• March 2024: Panasonic Energy Co Ltd, a subsidiary of Panasonic Group, a Japan-based multinational electronics company, will form a joint venture with Maharatna PSU Indian Oil Corporation Ltd, the nation's biggest oil firm, to manufacture cylindrical lithium-ion batteries.
• January 2024: Automotive battery maker - Amara Raja Batteries Ltd announced its plans to operate a gigafactory before the end of 2025. In May 2023, the company laid the foundation stone for one of its first gigafactories in the Mahbubnagar district in Telangana, India, that is expected to produce Lithium Cell and Battery Packs with a capacity of up to 16 GWh and 5 GWh, respectively.
• December 2023: Himadri Speciality Chemical Ltd announced its plan to invest INR 48.00 billion (USD 576 million) over the next 5-6 years in setting up a plant that is likely to produce 2 lakh tonnes of lithium iron phosphate, a key material for making lithium-ion batteries used in electric vehicles.

• March 2024, EDP Renováveis, the fourth-largest renewable energy producer globally, initiated operations at a 202-megawatt (MW) solar energy park in central Portugal, marking its largest installation in Europe. This venture is overseen by its parent company, EDP. Named the Cerca project and situated in the municipalities of Alenquer and Azambuja, north of Lisbon, it features over 310,000 solar panels. With an anticipated annual output of 330 gigawatt-hours (GWh), the facility can power approximately 100,000 households, equivalent to around 1% of Portugal's population.
• September 2023: the United Kingdom government announced the results of its latest renewable energy auction. Around 56 solar projects with a total capacity of 1,927.68 MW secured 15-year CfDs at a final price of USD 57/MW.
• February 2023: A German renewable energy project developed by RWE and Greek state-owned utility PPC announced that it reached an agreement to establish a 450 MW solar photovoltaic project in Greece through a joint venture company, Meton Energy. Construction will begin soon and is expected to come online by the end of 2024. Meton Energy has also signed a 10-year bilateral power purchase agreement (PPA) with PPC post-project completion.

• February 2024: Trontek Group showcased its innovative Lithium-ion Battery and other products at the Bharat Mobility Global Expo, organized by the industry body India Energy Storage Alliance (IESA) in New Delhi.
• May 2023: iPower Batteries Pvt. Ltd, a lithium-ion and graphene lead-acid battery manufacturer, announced achieving a significant milestone by developing India’s first lithium magnesium iron phosphate battery series, the Rugpro lithium-ion series, for the electric vehicle (EV) industry. In April 2023, the Indian government approved the batteries under AIS 156 (Amendment III) Phase 2.