Category Archives: offshore

Accelerating the energy transition towards photovoltaic and wind in China

China’s goal to achieve carbon (C) neutrality by 2060 requires scaling up photovoltaic (PV) and wind power from 1 to 10–15?PWh?year?1 (refs.?1,2,3,4,5). Following the historical rates of renewable installation1, a recent high-resolution energy-system model6 and forecasts based on China’s 14th Five-year Energy Development (CFED)7, however, only indicate that the capacity will reach 5–9.5?PWh?year?1 by 2060. … Continue reading Accelerating the energy transition towards photovoltaic and wind in China

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Masdar joins Iberdrola to co-invest in the Baltic Eagle wind farm in Germany

Masdar, the UAE’s flagship renewable energy company, has signed a strategic agreement with Iberdrola, a global clean energy leader, to co-invest in the 476-megawatt (MW) Baltic Eagle offshore wind farm in the German Baltic Sea. Iberdrola will retain a majority 51% stake in the asset, which will help to accelerate green energy security in Europe. … Continue reading Masdar joins Iberdrola to co-invest in the Baltic Eagle wind farm in Germany

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Germany increased installed offshore wind capacity by 3.1% to 8,385 megawatts

Germany increased installed offshore wind capacity by 3.1% to 8,385 megawatts (MW) in the first half of 2023, industry lobbyists said on Tuesday, demanding better revenue guarantees to maintain a pace of development and ensure it reaches the 30,000 MW target by 2030. Wind power is central to Germany’s transition to renewables, as Berlin aims … Continue reading Germany increased installed offshore wind capacity by 3.1% to 8,385 megawatts

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Ørsted divests its remaining 25 % share of London Array to funds managed by Schroders Greencoat

Ørsted has signed an agreement with funds managed by Schroders Greencoat, a global specialist asset manager focusing on renewable energy infrastructure assets, to divest its remaining 25 % minority interest in the London Array Offshore Wind Farm in the UK. The total value of the transaction is GBP 717 million (DKK 6.17 billion). London Array … Continue reading Ørsted divests its remaining 25 % share of London Array to funds managed by Schroders Greencoat

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Ignacio Galán reaffirms commitment to invest in the USA at Avangrid’s General Shareholders’ Meeting

News Back 20/07/2023 Ignacio Galán reaffirms commitment to invest in the USA at Avangrid’s General Shareholders’ Meeting Ignacio Galán, Executive Chairman of Iberdrola, during the Avangrid 2023 Annual Shareholder Meeting. Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced that shareholders overwhelmingly approved all presented proposals at … Continue reading Ignacio Galán reaffirms commitment to invest in the USA at Avangrid’s General Shareholders’ Meeting

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The Challenges and Potential of Offshore Wind Energy in the United States

Offshore wind energy has become a hot-button issue in the United States, but the country still lags behind Europe and China in terms of clean wind energy capacity. President Joe Biden has set a goal of 30 gigawatts of offshore wind power by 2030, but the industry has faced years of delays and obstacles. One … Continue reading The Challenges and Potential of Offshore Wind Energy in the United States

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Work Paused on Norfolk Offshore Wind Farm as Costs Soar

Work on one of the UK’s largest offshore wind farms, the Norfolk Boreas site, has been halted due to soaring costs, according to Swedish energy company Vattenfall. The government aims to double wind capacity by 2030 and achieve net zero emissions by 2050, making the decision a significant setback for the renewable energy industry in … Continue reading Work Paused on Norfolk Offshore Wind Farm as Costs Soar

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How Wind Energy is Driving the Next Tech Revolution

Wind energy, a renewable source of power, is poised to be at the forefront of the next technological revolution. This clean, abundant, and sustainable energy source is increasingly being harnessed to meet the world’s growing energy demands. As the global community continues to grapple with the challenges of climate change and environmental degradation, wind energy … Continue reading How Wind Energy is Driving the Next Tech Revolution

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BASF and Mingyang form joint venture for offshore wind power in south China

BASF and Mingyang form joint venture for offshore wind farm in southern China.BASF and Mingyang agreed to jointly build and operate an offshore wind farm in southern China and formed a joint venture named Mingyang BASF New Energy (Zhanjiang) Co., Ltd.Mingyang will have 90 percent and BASF 10 percent of the shares. The wind farm … Continue reading BASF and Mingyang form joint venture for offshore wind power in south China

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Biden Announces Offshore Wind Project in Philadelphia

President Joe Biden visited Philadelphia on Thursday to promote clean energy and announce a new project for city workers. The focus of Biden’s visit was offshore wind generation and its potential to create job opportunities. During his visit to the Philly Shipyard, Biden announced that they will be building a first-of-its-kind ship called The Acadia, … Continue reading Biden Announces Offshore Wind Project in Philadelphia

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Agreement on the sale of Hornsea 2 transmission assets

Breesea Limited, Soundmark Wind Limited, and Sonningmay Wind Limited, a joint venture owned by Ørsted (50 %) and AXA IM Alts and Crédit Agricole Assurances (CAA) (jointly 50 %), today announced that they have signed an agreement on the sale of their transmission assets to Diamond Transmission Partners Hornsea Two Limited (‘DTP’).DTP is a partnership … Continue reading Agreement on the sale of Hornsea 2 transmission assets

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Offshore wind lease sale in the Gulf of Mexico

The Department of the Interior has announced that it will conduct the first lease sale of offshore wind energy in the Gulf of Mexico. This initiative is part of the Biden-Harris administration’s efforts to deploy 30 gigawatts (GW) of offshore wind power by 2030 and achieve a carbon-neutral power sector by 2035. The lease sale … Continue reading Offshore wind lease sale in the Gulf of Mexico

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ACP Applauds Final Sale Notice for Gulf of Mexico Offshore Wind Lease

The American Clean Power Association (ACP) released the following statement from Josh Kaplowitz, Vice President for Offshore Wind, in response to the Bureau of Offshore Energy Management’s (BOEM) decision to issue a Final Sale Notice for the first ever offshore wind lease in the Gulf of Mexico and President Biden’s speech in Philadelphia today hailing … Continue reading ACP Applauds Final Sale Notice for Gulf of Mexico Offshore Wind Lease

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Offshore wind: German auction wins show Big Oil has not left the party

Big Oil has once again delved into its deep pockets to win material acreage for offshore wind generation projects. It’s a timely demonstration to stakeholders, especially by BP, that renewable power remains part of its low-carbon strategy. It’s also a reminder to the wider offshore wind sector that Big Oil has not left the party. … Continue reading Offshore wind: German auction wins show Big Oil has not left the party

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Biden will visit the Philly Shipyard to announce the construction of a ship for offshore wind

The first offshore wind lease in the Gulf of Mexico is also moving forward.President Joe Biden will visit a Philadelphia shipyard on Thursday to announce the construction of a new offshore wind vessel as part of the administration’s continued push into manufacturing and clean energy. President Joe Biden is set to travel Thursday to Philly … Continue reading Biden will visit the Philly Shipyard to announce the construction of a ship for offshore wind

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Dominion Energy’s Coastal Virginia Offshore Wind Power Program

Dominion Energy’s offshore wind program off the Virginia coast is an ambitious project aimed at revolutionizing renewable energy production in the United States. At the heart of this program are two colossal wind turbines, taller than the Washington Monument, located 27 miles off the coast of Virginia Beach. These turbines serve as a pilot project … Continue reading Dominion Energy’s Coastal Virginia Offshore Wind Power Program

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Offshore Wind Farm in Fujian Starts Generating Electricity

The world’s first 16-megawatt offshore wind turbines have begun generating electricity by connecting to the grid at the Fujian Offshore Wind Power Plant. This marked the global prominence of China’s competition in developing and manufacturing large-capacity offshore wind turbines. The aforementioned 16-megawatt offshore wind turbine can generate more than 66 million kilowatt-hours of electricity per … Continue reading Offshore Wind Farm in Fujian Starts Generating Electricity

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ACP Statement on Revolution Wind Farm Final EIS

The American Clean Power Association (ACP) released the following statement today from Josh Kaplowitz, Vice President for Offshore Wind, after the U.S. Bureau of Ocean Energy Management (BOEM) announced the availability of the final Environmental Impact Statement (FEIS) for the proposed Revolution Wind Farm project offshore of Rhode Island. This is the final step before … Continue reading ACP Statement on Revolution Wind Farm Final EIS

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Solar and Wind to Generate a Third of Global Electricity by 2030

Solar and wind power generation is expected to triple by 2030, according to a report by the Rocky Mountain Institute. This significant growth is set to disrupt the global electricity sector and presents a promising opportunity for renewable energy investors. “The fossil fuel era is over,” states the report published by RMI. It predicts that … Continue reading Solar and Wind to Generate a Third of Global Electricity by 2030

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EOI and AEE sign agreement to launch Offshore Wind Energy Program

The School of Industrial Organization and the Wind Energy Business Association sign an agreement for the launch of the I Executive Program in Offshore Wind Energy.Participants will have the opportunity to learn from experts from the main companies in the sector and acquire the knowledge and skills necessary to join the offshore wind sector.The program … Continue reading EOI and AEE sign agreement to launch Offshore Wind Energy Program

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