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  • 29 December 2020
    Business & Finance

    A consortium comprising Caisse de dépôt et placement du Québec (CDPQ) and Taiwanese private equity fund Cathay PE is acquiring a 50 per cent ownership share in Ørsted’s 605 MW Greater Changhua 1 offshore wind farm in Taiwan for approximately TWD 75 billion (around EUR 2.2 billion). Under the agreements Ørsted signed with the consortium […]

  • 5 March 2021
    Vessels

    Diverse Marine has handed over the new crew transfer vessel (CTV) Iceni Valour to Turner Iceni. According to designer Walker Marine Design, the vessel is on its way to begin a 10-year charter on the North Welsh coast. Back in March 2020, Diverse Marine signed a contract with Turner Iceni to construct Iceni Valour at […]

  • 8 February 2021
    Business & Finance

    Europe confirmed a record amount of EUR 26.3 billion of investments in 2020 that will finance 7.1 GW of new offshore wind farms to be built in the coming years, WindEurope said. For comparison, EUR 6.1 billion was invested in four offshore wind projects in 2019. This represents an increase of over 330 per cent […]

  • 27 April 2021
    Business & Finance

    Offshore wind energy projects final investment decisions (FIDs) will grow 57 per cent in the next 18 months, compared to the 2019-20 period, according to a new analysis from Westwood Global Energy Group. The global analysis, excluding mainland China, states that the FIDs growth represents an additional 20.4 GW of new capacity with just under […]

  • 19 February 2021
    Jobs & Recruitment

    Workforce demand in offshore wind will rise dramatically over the next decade, with the number of jobs in this sector reaching around 589,000 in 2025, while 2030 could see 868,000 full-time offshore wind jobs. Currently, it is estimated that around 297,000 people are working in the sector. This is according to an analysis from Rystad […]

  • 10 February 2021
    Business & Finance, Wind Farm Update

    DNV GL has officially issued the project certificate to Vattenfall for its Horns Rev 3 offshore wind farm in Denmark. The certification covered the turbines including their support structure plus all the cabling connecting them to the offshore substation. Inspections were carried out over a three-year period and included surveillance of manufacturing, transportation and installation […]

  • 18 February 2021
    Wind Farm Update

    The 731.5 MW Borssele 3 and 4 offshore wind farm is now fully operational, Blauwwind, the consortium behind the project in the Dutch North Sea, announced during an online Handover to Operations ceremony. The construction of the wind farm, comprising a total of 77 Vestas V164-9.5 MW turbines, was completed on-time, with official commissioning on […]

  • 22 April 2021
    Authorities

    Project capacity under construction in the UK increased by over 60 per cent from 4.4 GW in 2019 to 7.2 GW in 2020, the latter being almost 70 per cent of the existing operational fleet, according to the Crown Estate’s 2020 Offshore Wind Operational Report. The offshore wind capacity under construction signals an extremely busy […]

  • 23 February 2021
    Vessels

    CWind, part of the Global Marine Group, has launched its CWind Poineer vessel, the world’s first hybrid-powered Surface Effect Ship (SES), according to the company. The vessel was developed in response to an industry-wide push to develop and deploy innovative technologies that reduce CO2 emissions, while cost-effectively servicing offshore wind farms, CWind said. The vessel […]

  • 25 February 2021
    Business & Finance

    China installed a record 3,060 MW of new offshore wind capacity in 2020, corresponding to over half of the offshore wind capacity added globally last year, according to the latest data released by GWEC Market Intelligence. Overall, China had 9,898 MW of installed offshore wind capacity at the end of 2020 and was just 308 […]

  • 12 February 2021
    Business & Finance

    Owner of the Harland & Wolff shipyards, InfraStrata, is acquiring the assets of Scotland’s Burntisland Fabrication (BiFab) at Methil in Fife and Arnish in Western Isles. BiFab officially went into administration in December 2020 after a deal for jacket foundation work for the Neart Na Gaoithe (NnG) offshore wind farm at the Methil site fell […]

  • 29 April 2021
    Business & Finance

    Ørsted has reported a net profit of DKK 1.6 billion (EUR 215 million) for the first quarter of 2021, a 52 per cent decrease from DKK 3.3 billion from the same period last year. The Danish company saw an operating profit (EBITDA) of DKK 4.9 billion (EUR 659 million) for Q1 2021, a DKK 1.9 […]

  • 5 November 2020
    Technology

    The BladeBUG inspect-and-repair robot for offshore wind turbine blades has carried out its first open door walk on an operating turbine. Over two days in mid-October, the six-legged robot repeatedly scaled blades on ORE Catapult’s 7 MW Levenmouth Demonstration turbine located off the coast of Fife. During the demonstration, BladeBUG walked 50m on a vertically […]

  • 16 April 2021
    Business & Finance, Technology

    Van Oord is using Ansys software to speed up the design of wind turbine foundations for the offshore wind industry. Van Oord’s engineers are using Ansys Cloud and Ansys Mechanical to optimize new product design, minimize project risk, streamline supplier negotiations and slash product development timelines. The aim is to help engineers in their development of wind […]

  • 8 February 2021
    Authorities, Business & Finance, Contracts & Tenders

    RenewableUK has welcomed the selection of preferred bidders at the Crown Estate’s Offshore Wind Leasing Round 4, but warned about the effect of the option fees on developers and, ultimately, consumers. The Crown Estate has selected six projects that will now move to the next stage of the process, whose developers have committed to the […]

  • 4 December 2020
    Business & Finance, Wind Farm Update

    Ørsted has entered into an agreement to sell a 25 per cent ownership interest in its 1,100 MW 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. […]

  • 17 November 2020
    Authorities, Grid Connection

    The EU Commission has exempted the Kriegers Flak Combined Grid Solution project from the current regulation which stipulates that at least 70 per cent of the interconnector capacity between European countries must be made available for cross-border electricity trading. The exemption is initially limited to ten years and includes an extension option that limits the […]

  • 26 November 2020
    Business & Finance, Wind Farm Update

    Equinor and SSE have reached financial close on the first two phases of the Dogger Bank wind farm project, representing in aggregate the largest offshore wind project financing to date globally. The 3.6 GW Dogger Bank offshore wind project is divided into three 1.2 GW phases, Dogger Bank A, Dogger Bank B, and Dogger Bank C. The […]

  • 1 March 2021

    The Offshore WIND team brings you the ten most-read articles on the site for the second month of 2021. Vestas Launches 15 MW Offshore Wind Turbine Danish wind turbine manufacturer Vestas has introduced the V236-15.0 MW offshore wind turbine. Siemens Gamesa Rolls Out Record-Breaking Wind Turbine Blade Siemens Gamesa has completed the first Siemens Gamesa […]

  • 16 February 2021
    Business & Finance, Technology, Wind Farm Update

    Iberdrola is planning to invest more than EUR 1 billion to develop a 300 MW floating wind farm offshore Spain. The study, design, and engineering of the wind farm could begin this year and the project could generate more than 2,800 jobs per year until it becomes operational in 2026, according to the Spanish energy […]

  • 8 January 2021
    Authorities, Business & Finance, Contracts & Tenders, Wind Farm Update

    US offshore wind developer Mayflower Wind said that the price of electricity generated at its 804 MW wind farm offshore Massachusetts is on track to go down by around 10 per cent. This is due to the recently increased and extended federal Offshore Wind Energy Investment Tax Credit, the developer said. Mayflower Wind, a 50/50 […]

  • 12 November 2020
    Authorities

    UK citizens continue being majorly in favour of renewable energy, with offshore wind still boding well on the renewables list, with 77 per cent of people in the UK supporting the deployment of this technology. This is according to the latest Public Attitudes Tracker survey by the Department for Business, Energy and Industrial Strategy (BEIS), […]

  • 27 April 2021
    Wind Farm Update

    Global installed offshore wind capacity increased in 2020 and reached around 5 per cent of total wind capacity, according to the latest statistics from the International Renewable Energy Agency (IRENA). Overall, wind energy expansion almost doubled last year with 111 GW, compared to 58 GW in 2019. Of the 111 GW, around 34.4 GW of […]

  • 25 March 2021
    Operations & Maintenance, Ports & Logistics, Wind Farm Update

    The developers of the Dogger Bank Wind Farm have revealed the design for the Operations and Maintenance (O&M) Base that will serve the world’s biggest offshore wind farm. Subject to planning approval, the base will be constructed in the Port of Tyne, the UK. It will serve as the main hub for operating the 3.6 […]

  • 25 January 2021
    Business & Finance

    A crowdfunding campaign for the construction of the Fécamp offshore wind farm in Normandy, France, has been launched on the Kiwaï platform for Normandy residents who wish to invest in the project. The crowdfunding campaign is aiming at a loan amount of EUR 750,000, with contributions ranging from a minimum of EUR 20 to a […]

  • 26 March 2021
    Business & Finance, Vessels

    Jan De Nul has laid the keel for its jack-up vessel Voltaire at the Cosco Shipping Shipyard in Nantong, China. Jan De Nul started the construction of Voltaire in May last year with a steel cutting ceremony at the Cosco shipyard. The jack-up will be able to transport, lift and install the next-generation offshore wind […]