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Business & Finance, Business development, Fixed-Bottom, Industry, Infrastructure, Market Outlooks, Outlook & Strategy
The world’s leading offshore wind developer, Ørsted, could book impairments of DKK 16 billion (EUR 2.15 billion) on its US portfolio due to adverse impacts relating to the supply chain, lack of favorable progress in Investment Tax Credit (ITC) guidance, and increased interest rates. The Ocean Wind 1, Sunrise Wind, and Revolution Wind projects are […]
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Authorities, Business & Finance, Wind Farm Update
Copenhagen Infrastructure Partners (CIP), through its New Markets Fund, has signed 25-year Offshore Wind Service Contracts with the Philippines’ Department of Energy (DOE) for three offshore wind farms totalling 2 GW in capacity. The contracts make CIP the first company to venture on a 100 per cent foreign-owned basis into offshore wind development in the […]
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Contracts & Tenders, Fixed-Bottom, Ports & Logistics, Project Updates, Supply Chain, Wind Farm Update
Moray West has selected the Port of Nigg in the Cromarty Firth, Scotland, as the location for marshalling all 62 transition pieces (TPs) prior to installation as part of the 882 MW offshore wind farm. Moray West has signed an agreement with Global Energy Group (GEG), which owns and operates the Port of Nigg, to […]
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Business development, Research & Development, Technology, Vessels
Written by David Matthews, Head of Strategy Clarksons Renewables Clarksons sets out today’s reality if the Wind sector is to achieve its ambitious targets for tomorrow Countries around the world have set ambitious targets around Wind energy production for 2030. But with Wind booming and Oil & Gas back in a big way – does […]
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Authorities, Wind Farm Update
The US Bureau of Ocean Energy Management (BOEM) is expected to soon announce its decision on whether to approve the Revolution Wind offshore wind farm as the federal agency has now completed the environmental analysis of the project, which Ørsted and Eversource plan to build offshore Rhode Island. BOEM issued the Final Environmental Impact Statement (FEIS) […]
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Business & Finance, Business development, Wind Farm Update
SSE Renewables and Equis Development, a Singapore-based renewable energy developer, have established a 50/50 consortium for offshore wind development in Australia, where they now plan to submit a bid for a feasibility license for an offshore wind farm project in Gippsland. In a press release issued on 3 April, the new offshore wind partners said […]
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Authorities, Contracts & Tenders
The Romanian Ministry of Energy has published a draft law on the requirements for the development and procurement of offshore wind energy projects. If enacted in its current form, the proposed framework would enable auctioning off 3 GW of offshore wind capacity in the country’s sector of the Black Sea and supporting the projects through […]
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Authorities, Business & Finance, Wind Farm Update
The Crown Estate has reported a record net revenue profit of GBP 442.6 million (around EUR 512 million) for the financial year 2022/23 thanks to earnings from option fees that the developers of the Round 4 offshore wind farms started paying this year. Offshore wind has also boosted the value of The Crown Estate’s wider […]
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Contracts & Tenders, Wind Farm Update
Great Lakes Dredge & Dock Corporation (Great Lakes) has signed the first-ever subcontract for the procurement of rock for a wind farm offshore the US with Carver Sand & Gravel LLC (Carver), a US quarry in the state of New York. Through this subcontract, Great Lakes will use rock produced in New York to provide […]
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Collaboration, Outlook & Strategy, R&D, Technology
A major collaboration between universities and energy companies has made “vital” improvements to offshore wind turbines, which could help them generate more renewable energy and reduce the UK’s reliance on fossil fuels. The GBP 7.7 million partnership between the Universities of Sheffield, Durham, Hull, and two global energy companies, Siemens Gamesa Renewable Energy and Ørsted, […]
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Fixed-Bottom, Green Hydrogen, Planning & Permitting, Power-to-X, Project Updates, Wind Farm Update
Dogger Bank D, the potential fourth phase of the Dogger Bank Wind Farm, whose first three phases totalling 3.6 GW are currently being built, is planned to have a generation capacity of around 2 GW. If built, the fourth phase would bring the total installed capacity of the UK project – already the world’s largest […]
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LS Cable & System (LS C&S) has won a contract, worth approximately KRW 110 million (about USD 85 million), to supply submarine cables to Taiwan Power Corporation (TPC) for an offshore wind farm planned to be built in Changhua County, Taiwan. By winning this contract, LS C&S secured the rights to supply all the ultra-high-voltage […]
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Authorities, Business & Finance, Wind Farm Update
After awarding four offshore wind areas to BP and TotalEnergies for EUR 12.6 billion through its first dynamic bidding process last month, the German Federal Network Agency (BSH) has now awarded further sites for a total of EUR 784 million in the process organised for four centrally pre-investigated areas. Three of the new four areas […]
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Business & Finance, Contracts & Tenders, Wind Farm Update
Iberdrola Deutschland and SHS – Stahl Holding Saar, an operational management holding company that performs tasks for the two major steel companies in the German state of Saarland, Dillinger and Saarstahl, have signed a 15-year power purchase agreement (PPA) for the Baltic Eagle offshore wind farm. Under the PPA, SHS will cover 200 GWh of […]
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Business development, Research & Development, Wind Farm Update
Elanora Offshore, a consortium comprising EnergyAustralia, KIMAenergy, Boskalis, Respect Energy, and Polpo Investments, has unveiled its plans to build a 5 GW wind farm off the Gippsland coast, Australia’s first declared offshore wind zone. According to the project’s website, the 5 GW Elanora offshore wind farm would create over 3,000 direct jobs during the construction […]
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Business & Finance, Cables, Energy Islands, Grid Connection, Manufacturing, Onshore Infrastructure, Supply Chain
German transmission system operator (TSO) 50Hertz has awarded several contracts to power cable manufacturers NKT and Prysmian. Valued at around EUR 4.6 billion in total, the contracts include offshore wind farm export cables, onshore energy connections, and interconnection for an energy island. NKT and Prysmian secured the orders following the tender procedure that 50Hertz launched […]
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Authorities, Contracts & Tenders
Norway’s Prime Minister Jonas Gahr Støre and Oil and Energy Minister Terje Aasland have officially opened the application window for Norway’s first offshore wind auction. The combined capacity offered in the first auction round is 3 GW split equally across two areas on the Norwegian continental shelf: Southern North Sea II (Sørlige Nordsjø II) and […]
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Business & Finance, Business development, Outlook & Strategy
Fugro has reported a revenue of over EUR 1 billion for the first half of 2023, representing a 24.1 per cent growth from EUR 833 million in the first half of 2022, said to be due to continued high client demand in energy markets, in particular for offshore wind site characterization solutions and related nearshore […]
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Business & Finance, Wind Farm Update
ESB will acquire a 24.5 per cent interest in Northland Power’s ScotWind projects, the fixed-bottom offshore wind farm Spiorad na Mara and the floating wind project Havbredey. Northland will retain 75.5 per cent in each project and continue to lead their development, construction, and operation. The companies have signed definitive agreements on ESB’s purchase of […]
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Floating Wind, Project Updates, Research & Development, Technology
The DemoSATH floating offshore wind project has started generating electricity and feeding it to Spain’s national grid, introducing this type of renewable generation technology to Spain’s energy mix for the first time. Led by the Spanish engineering firm Saitec Offshore Technologies, in collaboration with the German energy company RWE Offshore Wind and the Japanese company […]
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Business & Finance, Business development, Research & Development
Norway-headquartered BW Ideol and French state-owned investment company ADEME Investissement have agreed to enter into exclusive negotiations for EUR 40 million in funding by ADEME Investissement for BW Ideol’s project development activities. Under the agreed terms, BW Ideol will transfer its co-development project portfolio to a newly created subsidiary DevCo, subject to the approval of […]
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Authorities, Business development, Wind Farm Update
The Danish Energy Agency has resumed the assessment of the Jammerland Bugt, Lillebælt South, Omø South, and Nordre Flint offshore wind farms which are part of the recently paused open-door tendering scheme. In February, the Danish Energy Agency suspended the processing of 33 open-door offshore wind projects until further clarification of EU law issues. The […]
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The Japan Marine United (JMU) shipyard delivered the GustoMSC designed and equipped offshore wind turbine installation vessel (WTIV) to Shimizu Corporation at the end of January. Shimizu unveiled plans to build a wind farm installation vessel back in 2019. The vessel, which is of GustoMSC SC-14000XL design, is 142 metres long, 50 metres, wide, and […]
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Authorities, Fixed-Bottom, Planning & Permitting, Project Updates, Wind Farm Update
Last month, RWE and its project partners submitted an application for the development consent order (DCO) for the Rampion 2 offshore wind farm in the UK. The Planning Inspectorate accepted the application for examination on 7 September and will start the examination process within three months. Also in this article: The process at the Planning […]
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Thistle Wind Partners, a consortium founded by DEME Concession, Qair, and Aspiravi, has announced the final names for its two ScotWind offshore wind projects. TWP won the seabed leasing rights for two offshore wind projects in the ScotWind auction last year, in which 25 GW of capacity was awarded. The consortium plans to build the […]
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Contracts & Tenders, Grid Connection
TenneT has awarded NKT, Nexans, and a consortium of Jan De Nul, LS Cable, and Denys with contracts to install 525 kV HVDC cable systems for ten offshore wind projects in the Netherlands and Germany. The total volume of the contracts for the production and installation of the ten cable systems amounts to approximately EUR […]
