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Europe invested EUR 10.3 billion in new offshore wind farms with a combined capacity of 4.2GW in 2018, according to WindEurope’s annual Financing and Investment Trends report. Investments in new offshore wind projects increased by 37% from 2017 but were still some way off the record EUR 18.2 billion seen in 2016, according to the […]
Sif has reported that offshore wind accounted for approximately 83% of revenues and 69% of total contributions in the company’s 2018 financial year figures. Sif saw a 28% loss of revenue in 2018, amounting to EUR 235.1 million, and a 45% loss in contribution, amounting to EUR 74.3 million. The gap in the production schedule and […]
The offshore wind and cable activities delivered a substantially lower contribution to Boskalis’ Offshore Energy division in 2018, which was attributed to project-specific operational and contractual issues on certain projects, the company said. EBITDA from the Offshore Energy segment amounted to EUR 111.3 million in 2018, with an operating result of EUR 5 million. In 2017, […]
The global offshore wind market has grown by 0.5% as 4.49GW of new capacity was installed in 2018, the Global Wind Energy Council (GWEC) reported. According to the latest Global Wind Report, there is now 23GW of offshore wind capacity installed, which represents a 20% boost compared to the end of 2017. The main contributor was […]
Northland Power has reported CAD 1.4 billion in gross profit in 2018, a 17% increase, said to be primarily due to all turbines of the Nordsee One offshore wind farm producing power and higher wholesale market prices at the Gemini project. The two wind farms, as well as thermal projects Thorold and North Battleford, brought Northland […]
Europe installed 2.6GW of new offshore wind energy capacity in 2018, an 18% increase, according to the latest statistics by WindEurope. Fifteen new offshore wind farms were commissioned last year, with the UK and Germany accounting for 85% of the new capacity by adding 1.3GW and 969MW respectively. The average size of the new turbines […]
Ørsted has reported a record operating profit of DKK 30 billion (some EUR 4 billion) in 2018, which is 33% more than the year before. The news comes as the company’s Board of Directors approved the all-time-high EBITDA today, on 30 January, as part of the approval process for the annual report for 2018. Ørsted […]
Offshore wind attracted USD 25.7 billion of clean energy investment in 2018, a 14% increase compared to 2017, with China being the main contributor to the rise, according to a report by BloombergNEF (BNEF). The increase in 2018 numbers is largely attributed to 13 Chinese offshore wind projects beginning construction for a total of circa USD […]
Check out the first Top News of the Week in 2019.
Offshore WIND’s ten most read news in December 2018.
When it comes to emerging offshore wind markets, Taiwan, India and the U.S. have been in the spotlight over the last few years and especially in 2018. Nevertheless, a few new areas made the offshore wind map over the last year, beyond those already well known and ready for takeoff. Offshore wind is not only expanding as new markets emerge globally, but also as the countries with existing offshore wind farms and those under development already eye earmarking further areas where offshore wind turbines could be installed.
German offshore wind farms generated over 18.8 Terawatt hours (TWh) of electricity in 2018, an over 8% increase compared to 17.4TWh generated in the German North Sea and the Baltic Sea in 2017, according to the Fraunhofer Institute for Solar Energy Systems.
Ørsted will pause and revisit its project activities, the project timelines, and local commitments in Taiwan after not receiving an establishment permit in time to sign a 2018 power purchase agreement (PPA) with Taipower for the Changhua 1 and 2a projects.
From a sea of major updates that hit the headlines last year, Offshore WIND has chosen a few that could sketch the sector’s progress by looking at various developments across the globe in 2018.
It has somewhat become business as usual for the offshore wind industry to mark record-breaking activities every year and 2018 was no different. We bring you a selection of five of the most notable 2018 record-breakers:
While Offshore WIND team started preparing for our 2019 conference even before the 2018 one kicked off and the preparations are now well underway, we bring you an overview of the news from our now last year’s event:
Wind turbines, zero-subsidy projects and emerging markets remained to be the industry’s hottest topics in 2018. And while these were also the most covered matters on Offshore WIND, we also pressed the ‘Learn More’ button under topics that might deserve to be more widely discussed – and we hope to do so more in 2019 and the years to come.
The Offshore WIND editorial staff brings the most read articles in 2018 chosen by you, our readers.
Top five of the most read news on offshoreWIND.biz last week.
The UK is marking a record this year as it added more than 2GW of offshore wind capacity to the grid, which can produce enough clean electricity to power over 2,300,000 households per year.
The MV Horizon Geobay has completed the 2018 site investigation campaign on the Inch Cape offshore wind farm at the Outer Firth of Tay and Firth of Forth, Scotland.
Offshore WIND’s most read news from 2 to 9 December 2018.