To respond to the increasing demand for turnkey delivery of offshore high-voltage substations in the rapidly growing offshore wind market, GE’s Grid Solutions business, a global power industry systems provider, and EPCIC (turnkey) platform and modules builder HSM Offshore Energy announced today that they have signed a Memorandum of Understanding (MoU) to partner on further … Continue reading GE and HSM Offshore Energy sign MoU for AC offshore wind substation projects
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Ørsted trials turning offshore wind turbine foundations into safe havens for corals
Ørsted, the world’s most sustainable energy company, is planning a world-first attempt to support coral reefs by growing corals on offshore wind turbine foundations. Together with Taiwanese partners, the company will test the concept in the tropical waters of Taiwan this summer. The aims are to determine whether corals can be successfully grown on offshore … Continue reading Ørsted trials turning offshore wind turbine foundations into safe havens for corals
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Europe invested €41bn in wind power in 2021
WindEurope has published its annual Finance and Investment Trends report. It shows investor confidence in wind energy remains high. Europe invested €41bn in new wind farms in 2021. This is financing 25 GW of new capacity, a record. But the investments are falling well short of the 35 GW a year of new wind the … Continue reading Europe invested €41bn in wind power in 2021
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Denmark wants to build two wind energy islands to supply more renewable energy to Europe
In a statement, Denmark’s Minister of Climate, Energy, and Utilities Dan Jørgensen said Denmark and Europe “must be free of Russian fossil fuels as fast as possible.” To achieve this, the country will move forward with its energy transition by “massively increasing” the deployment of renewable energy on land and at sea, Jørgensen said. Denmark’s … Continue reading Denmark wants to build two wind energy islands to supply more renewable energy to Europe
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India to add 30,000 MW offshore wind power capacity
India plans to set up 30,000 megawatts (MW) of offshore wind power capacity alongside 50,000 MW of solar capacity, the country’s power minister said on Tuesday. “India has focused programs for capacity addition and accelerating the energy transition,” R.K. Singh told major German energy companies at a meeting, according to a statement by India’s Ministry … Continue reading India to add 30,000 MW offshore wind power capacity
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Vestas – Interim Financial Report, First Quarter 2022
For the first quarter of 2022, Vestas’ revenue amounted to EUR 2,485m with an EBIT margin before special items of (13.2) percent. Record high combined order backlog of EUR 48.9bn – an increase of 9.4 percent compared to same quarter last year. Full-year guidance updated. In the first quarter of 2022, Vestas generated revenue of … Continue reading Vestas – Interim Financial Report, First Quarter 2022
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Brazil will announce wind energy project in the NE equivalent to 50 Itaipus
President Jair Bolsonaro said this Friday morning that he will soon announce a wind energy project on the coast of the Northeast region together with the private sector that could, on its own, generate electricity equivalent to 50 hydroelectric plants in Itaipu.In an interview with Rádio Metrópole FM, from Cuiabá (MT), Bolsonaro did not specify … Continue reading Brazil will announce wind energy project in the NE equivalent to 50 Itaipus
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Ørsted’s Board of Directors approved the interim report for the first three months of 2022.
Our operating profit (EBITDA) totalled DKK 9.4 billion, an increase of DKK 4.6 billion compared to Q1 2021. The gain from the 50 % farm-down of Borkum Riffgrund 3 amounted to DKK 1.6 billion. EBITDA excluding new partnerships amounted to DKK 7.8 billion, DKK 3.0 billion higher than in the same period last year. Net profit … Continue reading Ørsted’s Board of Directors approved the interim report for the first three months of 2022.
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The US is about to build lots of offshore wind power, what can it learn from Europe?
WindEurope CEO Giles Dickson moderated the US-EU Energy Council High-Level Business Forum on Offshore Wind in New Jersey on 27 April. The Forum was led by US Secretary of Energy, Jennifer Granholm, and EU Commissioner for Energy, Kadri Simson. It was held in conjunction with the International Offshore Wind Partnering Forum (IPF) Other speakers included … Continue reading The US is about to build lots of offshore wind power, what can it learn from Europe?
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U.S. identifies possible wind power areas off Oregon, Atlantic coasts
The Biden administration on Wednesday identified new areas for potential offshore wind development off the coasts of Oregon and several central Atlantic states, its latest step toward bolstering the nascent U.S. industry. Offshore wind is a key pillar of President Joe Biden’s plan to fight climate change by decarbonizing the U.S. power sector by 2035 … Continue reading U.S. identifies possible wind power areas off Oregon, Atlantic coasts
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Iberdrola signs its largest green loan in the amount of €1 billion
The funds will mainly finance the purchase of wind turbines for both onshore and offshore wind farms for Iberdrola’s projects in Spain, Poland, Greece, Germany and the UK. Iberdrola is once again taking a decisive step towards green financing. The company chaired by Ignacio Galán has signed its largest green loan with Banco Santander for … Continue reading Iberdrola signs its largest green loan in the amount of €1 billion
Continue readingIberdrola starts construction of 476 MW Baltic Eagle offshore wind farm
Baltic Eagle is part of the largest offshore wind complex in the Baltic Sea, with a total capacity of more than 1,100 MW and an investment of 3.5 billion euros. Iberdrola has received the green light to begin construction of the Baltic Eagle offshore wind farm, the company’s second major offshore project in the Baltic … Continue reading Iberdrola starts construction of 476 MW Baltic Eagle offshore wind farm
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Italy inaugurates the first offshore wind farm
Italy on Thursday officially inaugurated the first offshore wind power project in the country, and in the Mediterranean region. A Chinese company supplied wind turbines for the Beleolico project, which was connected to the grid at a ceremony in the port of Taranto in southern Italy. Beleolico has 10 wind turbines, which produce a total … Continue reading Italy inaugurates the first offshore wind farm
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How offshore wind and renewable power-to-X can help solve Europe’s energy crisis
Europe is facing an energy and climate crisis. Our dependence on imported fossil fuels, whether from Russia or elsewhere, can never deliver the energy security Europe needs – nor does it allow us to address global climate change. While Europe is already a global frontrunner in scaling up renewable energy to replace fossil fuels – … Continue reading How offshore wind and renewable power-to-X can help solve Europe’s energy crisis
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Eni takes stake in Spanish floating wind technology developer
Italian major’s Plenitude business invests in EnerOcean whose novel dual-turbine concept has come through prototype tests at sea. Eni’s integrated renewables business Plenitude has struck a deal to invest in a Spanish company to further develop and commercialise a floating wind technology a prototype of which has successfully come through sea trials. The move is … Continue reading Eni takes stake in Spanish floating wind technology developer
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Taiwan’s biggest offshore wind farm generates first power
Ørsted today announced the successful delivery of the first power from the Greater Changhua 2a Offshore Wind Farm. This represents a big achievement for Ørsted and the industry as Greater Changhua 1 & 2a is the largest offshore wind project in Taiwan and the company’s first large-scale offshore wind farm in the Asia-Pacific region. Located … Continue reading Taiwan’s biggest offshore wind farm generates first power
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China installed half of the world’s new wind capacity in 2021
In 2021, China accounted for 51% of the world’s new global wind additions – taking global capacity additions to 92.5GW. That’s according to new research published by Rethink Energy, which claims that even though these additions were 25% less than 2020, figures still heavily surpassed the expectations of 86.4GW. No other single country came close … Continue reading China installed half of the world’s new wind capacity in 2021
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Offshore wind additions in Europe will reach all-time highs in 2022
Europe’s installed offshore wind power capacity will hit a new high this year, driven mainly by UK projects, topping 4 GW for the first time and more than doubling the increases seen in 2021, new analysis from Rystad Energy suggests. .Capacity additions on the continent should reach 4.2 GW in 2022, surpassing the 1.8 GW … Continue reading Offshore wind additions in Europe will reach all-time highs in 2022
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Philippines has potential for 21GW offshore wind power by 2040
The Philippines has the potential to install 21 gigawatt of offshore wind power by 2040, equivalent to about a fifth of its electricity supply by then, according to a study released by the Department of Energy and the World Bank on Wednesday. The installation of more wind power will help cut the country’s dependence on … Continue reading Philippines has potential for 21GW offshore wind power by 2040
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RWE selects Port of Thorsminde as Operations & Maintenance base for Denmark’s largest offshore wind farm
RWE has selected Port of Thorsminde from which to carry out the operation and maintenance of its Thor Offshore Wind Farm. Both companies have now signed a corresponding Letter of Intent (LoI) to support the arrangement. With a planned capacity of 1,000 megawatts (MW) Thor will be Denmark’s largest offshore wind farm to date. The wind … Continue reading RWE selects Port of Thorsminde as Operations & Maintenance base for Denmark’s largest offshore wind farm
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