France has identified an area off the coast of Normandy for the construction of a 1 Gigawatt (GW) wind farm and launched the tender process for its development, Environment Minister Barbara Pompili said on Saturday. The planned wind farm will be located 32 km (20 miles) off the coast of Cotentin and will generate the … Continue reading France chooses area off the Normandy coast for 1GW of wind power
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Cost Analysis Explores Offshore Wind Power’s US Market Viability & Risk
The U.S. offshore wind energy pipeline is predicted to exceed 25,000 megawatts (MW) by 2030. But, with only two commercial offshore wind plants currently operating in the United States, developers need accurate modeling to evaluate prospective new projects, weigh realistic costs against financial returns, anticipate the impact of technological and process innovations, and quantify risk … Continue reading Cost Analysis Explores Offshore Wind Power’s US Market Viability & Risk
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Ørsted divests 25% of Ocean Wind to PSEG
Ørsted has entered into an agreement to sell a 25% ownership interest in its 1,100MW Ocean Wind offshore wind project to New Jersey’s Public Service Enterprise Group (PSEG). PSEG’s contribution will include both a conventional and tax equity investment in the project. The partners did not disclose the value of the transaction. In June 2019, … Continue reading Ørsted divests 25% of Ocean Wind to PSEG
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Equinor continues to capture value from offshore wind power
Equinor has entered into an agreement with Eni to sell a 10% equity interest in the Dogger Bank Wind Farm A and B assets in the UK for a total consideration of around GBP 202.5 million. Eni has also entered into an agreement to purchase a 10% interest in Dogger Bank A and B from … Continue reading Equinor continues to capture value from offshore wind power
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Vineyard Wind picks GE wind turbines for Massachusetts offshore wind farm
Vineyard Wind selected General Electric as its preferred wind turbine supplier for the Vineyard Wind 1 project off the coast of Martha’s Vineyard in Massachusetts. Previously, Vineyard Wind proposed using Vestas Wind System A/S’ VWS.CO V164 turbines, but that contract expired in February 2020, according to analysts at ClearView Energy Partners LLC. As part of … Continue reading Vineyard Wind picks GE wind turbines for Massachusetts offshore wind farm
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MHI Vestas secures footprint in Taiwan with waterside manufacturing facility
MHI Vestas Offshore Wind and CIP Changfang & Xidao Offshore Wind Project lease Fortune Electric site in Taichung Harbour as preparations continue to carry out turbine hub and final nacelle-related assembly in Taiwan. MHI Vestas has taken on significant acreage in Taichung Harbour as it ramps up preparations to deliver the world’s most ambitious offshore … Continue reading MHI Vestas secures footprint in Taiwan with waterside manufacturing facility
Continue readingOREAC: 1,400 GW of offshore wind energy by 2050
New report published by OREAC today sets out how governments and industry can work together to unlock the global potential of offshore wind power. The Ocean Renewable Energy Action Coalition (OREAC)’s new report ‘The Power of Our Ocean’ highlights how 1,400 GW of offshore wind energy is achievable by 2050.OREAC outlines a roadmap to support … Continue reading OREAC: 1,400 GW of offshore wind energy by 2050
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AWEA Statement on Vineyard Wind Selecting GE Renewable Energy Wind Turbines
The American Wind Energy Association (AWEA) today released the following statement on Vineyard Wind’s selection of GE’s Haliade-X 13MW wind turbines to power the Vineyard Wind 1 Farm. “Today’s announcement from Vineyard Wind and GE Renewable Energy is an exciting step forward for American offshore wind energy, putting the domestic clean power industry on the … Continue reading AWEA Statement on Vineyard Wind Selecting GE Renewable Energy Wind Turbines
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Floating offshore wind energy could create 50,000 jobs in Spain and Portugal by 2030
A new study by EIT InnoEnergy shows that Spain and Portugal have unique competitive advantages and enormous potential for the region to become a leading global hub for floating offshore wind energy. The study, entitled ‘Iberia as a hub for technology development and industrial leadership in the field of floating wind offshore energy’, has been … Continue reading Floating offshore wind energy could create 50,000 jobs in Spain and Portugal by 2030
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IRENA and Ocean Energy Europe Partner to Drive Ocean Energy Industry
The CEO of Ocean Energy Europe (OEE), Rémi Gruet and the Director-General of the International Renewable Energy Agency (IRENA), Francesco La Camera, signed a Memorandum of Understanding (MoU) today at the annual Ocean Energy Europe Conference & Exhibition. The partnership will deepen existing cooperation to accelerate the commercialisation of ocean energy technologies, by promoting the … Continue reading IRENA and Ocean Energy Europe Partner to Drive Ocean Energy Industry
Continue readingFloating wind power to grow 2000-fold by 2050 but more comprehensive standards and risk management required
Floating wind energy will play an important role in decarbonizing the global energy system, contributing 2% of the world’s power supply by 2050, but more comprehensive industry standards and risk management is required for the technology to scale. According to a new report by risk management and quality assurance company DNV GL, the cost of … Continue reading Floating wind power to grow 2000-fold by 2050 but more comprehensive standards and risk management required
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RWE and DEME Offshore install collars on offshore wind power foundations
RWE-patented technology to be deployed for the first time at RWE’s Kaskasi offshore wind farm. New monopile foundation collars increase load-bearing capacity. Offshore construction works to start in Q3/2021; Start of commercial operation planned for summer 2022. An innovative foundation technology is to be introduced at RWE’s Kaskasi offshore wind farm. For the first time … Continue reading RWE and DEME Offshore install collars on offshore wind power foundations
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Saitec achieves 2.4 million for its floating offshore wind energy technology
Saitec Engineering has obtained a grant of 2.4 million euros from the European Commission’s Blue Economy Window initiative to finance the SATHScale project, which will address the challenge of bringing SATH floating offshore wind technology to market through the development of the prototype that begins with the validation and demonstration of its technology. It involves … Continue reading Saitec achieves 2.4 million for its floating offshore wind energy technology
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EC approves Vestas and Mitsubishi HI transaction to strengthen partnership in wind energy
Recently Vestas Wind Systems A/S (Vestas) and Mitsubishi Heavy Industries, Ltd. (MHI) announced an agreement to expand their partnership in wind energy. The strengthened partnership entails that Vestas will acquire MHI’s shares in the MHI Vestas Offshore Wind (MVOW) joint venture, and MHI will acquire 2.5 percent in Vestas and be nominated to a seat … Continue reading EC approves Vestas and Mitsubishi HI transaction to strengthen partnership in wind energy
Continue readingFinal turbine installed at Borssele III/IV in spite of COVID-19
The last of 77 MHI Vestas V164-9.5 MW turbines has now been installed at the Borssele III/IV project site in the Dutch North Sea. Overcoming a multitude of COVID-related challenges, MHI Vestas Offshore Wind (MHI Vestas) has now completed installation of the final turbine at the Borssele III/IV offshore wind project. The last of 77 … Continue reading Final turbine installed at Borssele III/IV in spite of COVID-19
Continue readingØrsted’s first Dutch offshore wind farm fully commissioned
Ørsted has fully commissioned the Borssele 1 & 2 offshore wind farm. The wind farm has a capacity of 752 MW, making it the largest offshore wind farm in the Netherlands and the second largest operating offshore wind farm in the world. Borssele 1 & 2 provides enough green electricity to power one million Dutch … Continue reading Ørsted’s first Dutch offshore wind farm fully commissioned
Continue readingUK Mega Offshore Wind Farm – to Debut GE Haliade-X Technology – Reaches Financial Close
Financial close enables Notice-to-Proceed for Dogger Bank Wind Farm Phase A of the world’s largest offshore wind farm, resulting in Q4 order for GE’s Haliade-X technology.Consortium of private and public financial institutions provide debt financing package for Dogger Bank Wind Farm Phases A and B. French export credit agency, Bpifrance Assurance Export, to provide support … Continue reading UK Mega Offshore Wind Farm – to Debut GE Haliade-X Technology – Reaches Financial Close
Continue readingEquinor and partner reach financial close on world’s biggest offshore wind farm
Dogger Bank wind farm owners, Equinor and SSE, have today announced financial close on the first two phases of the project, representing in aggregate the largest offshore wind project financing to date globally. “Reaching financial close on the two first phases of Dogger Bank is a major milestone, demonstrating our commitment to profitable growth within … Continue reading Equinor and partner reach financial close on world’s biggest offshore wind farm
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Ørsted to trade and balance 15 years of power generation from the offshore wind farm Dogger Bank
Ørsted has signed an agreement with Dogger Bank Wind Farm under which Ørsted will be responsible for the trading and balancing of 40 % of the power generated from the first two phases of the 3.6 GW wind farm. Ørsted will trade and balance 960MW of renewable power production from the 2.4GW of installed capacity … Continue reading Ørsted to trade and balance 15 years of power generation from the offshore wind farm Dogger Bank
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Ørsted aims to develop offshore wind energy projects in South Korea
Ørsted today announced its intention to develop South Korean offshore wind power projects with a potential capacity of up to 1.6GW off the coast of Incheon City. The announcement was made at an event joined by National Assembly members, South Korea’s Energy Agency, and key industry leaders with offshore wind track records in South Korea’s … Continue reading Ørsted aims to develop offshore wind energy projects in South Korea
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