Atlantic Offshore Wind: Favorable Winds for Maritime
Rhode Island has set a goal of 1,000 MW of clean energy projects by the end of 2020; and the Massachusetts legislature has created a goal of 3,200 MW of OSW by 2035. Finally, in Virginia, the state legislature declared 3,000 MW of OSW to be in the public interest, allowing (some say requiring) the State Corporation Commission to approve the two-turbine Coastal Virginia Offshore Wind (CVOW) project owned by Dominion Virginia Energy and managed by Ørsted. This project is expected to come online in 2020.Next Steps: Compliance with Environmental LawsWe are at a critical stage for the development
Subsea Arctic, Black Sea: Technip Signs Russia J/V's
Technip signs two agreements with State Corporation Russian Technologies (Rostec) for subsea equipment production. Technip and RT-Chemcomposite Holding Company, a Rostec subsidiary, signed a memorandum of understanding to express their intention to form a joint-venture (JV) company for subsea activities in Russia. Under the terms of this memorandum, the joint venture is a cooperation in the production of equipment for the oil and gas industry and in particular flexible composite pipes based on Technip’s technology. It allows to produce oil and gas at the depth of down to 3,000 meters and